Shares of Sprint Corp (NYSE:S) have been assigned a consensus recommendation of “Hold” from the twenty-five brokerages that are currently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $5.94.

S has been the subject of a number of research reports. Vetr downgraded Sprint from a “strong-buy” rating to a “buy” rating and set a $7.10 price objective for the company. in a report on Thursday, November 2nd. UBS Group reiterated a “buy” rating and issued a $7.50 price objective (down previously from $9.00) on shares of Sprint in a report on Monday, November 6th. TheStreet upgraded Sprint from a “d+” rating to a “c” rating in a report on Friday, February 2nd. Macquarie reiterated a “hold” rating and issued a $6.50 price objective on shares of Sprint in a report on Tuesday, November 7th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $8.00 price objective on shares of Sprint in a report on Tuesday, November 7th.

Sprint (NYSE:S) traded down $0.03 on Wednesday, reaching $5.27. The company’s stock had a trading volume of 7,368,459 shares, compared to its average volume of 19,370,000. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.92. The company has a market capitalization of $21,100.00, a P/E ratio of 3.05 and a beta of 0.64. Sprint has a twelve month low of $4.91 and a twelve month high of $9.44.

Sprint (NYSE:S) last posted its quarterly earnings data on Friday, February 2nd. The cell phone carrier reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $8.19 billion. Sprint had a negative return on equity of 0.94% and a net margin of 21.41%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.46) earnings per share. sell-side analysts predict that Sprint will post 1.76 EPS for the current fiscal year.

In other Sprint news, major shareholder Group Corp Softbank acquired 6,149,090 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were bought at an average cost of $5.68 per share, with a total value of $34,926,831.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul W. Schieber, Jr. sold 144,041 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $5.74, for a total value of $826,795.34. Following the sale, the vice president now directly owns 204,168 shares in the company, valued at $1,171,924.32. The disclosure for this sale can be found here. Over the last three months, insiders bought 58,397,765 shares of company stock worth $336,943,820 and sold 549,707 shares worth $3,196,239. Corporate insiders own 0.18% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Commerce Bank purchased a new stake in shares of Sprint during the third quarter valued at $100,000. BancorpSouth Bank purchased a new position in Sprint in the fourth quarter worth about $104,000. Crossmark Global Holdings Inc. purchased a new position in Sprint in the third quarter worth about $141,000. Americafirst Capital Management LLC purchased a new position in Sprint in the third quarter worth about $156,000. Finally, Capital Bank & Trust Co boosted its position in Sprint by 10,821.7% in the third quarter. Capital Bank & Trust Co now owns 21,625 shares of the cell phone carrier’s stock worth $168,000 after purchasing an additional 21,427 shares during the last quarter. 13.77% of the stock is currently owned by institutional investors.

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About Sprint

Sprint Corporation (Sprint) is a holding company. The Company, along with its subsidiaries, is a communications company offering a range of wireless and wireline communications products and services that are designed to meet the needs of consumers, businesses, government subscribers and resellers. It operates through two segments: Wireless and Wireline.

Analyst Recommendations for Sprint (NYSE:S)

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