Sprint Corporation (S) : 16 analysts are covering Sprint Corporation (S) and their average rating on the stock is 3.25, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 2 more analyst has given the stock a Sell recommendation. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Sprint Corporation (S) : The consensus price target for Sprint Corporation (S) is $3.67 for the short term with a standard deviation of $1.1. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $6, however, the pessimist price target for the company is $2.
Sprint Corporation (NYSE:S): The stock opened at $4.45 on Wednesday but the bulls could not build on the opening and the stock topped out at $4.50 for the day. The stock traded down to $4.36 during the day, due to lack of any buying support eventually closed down at $4.45 with a loss of -0.89% for the day. The stock had closed at $4.49 on the previous day. The total traded volume was 16,530,421 shares.
Also, Pacifc Crest downgrades its rating on Sprint Corporation (NYSE:S). Analysts at the Pacifc Crest have a current rating of Underweight on the shares. The shares were previously rated Sector Weight. The rating by the firm was issued on April 13, 2016. The company shares have rallied 13.67% from its 1 Year high price. On Aug 31, 2015, the shares registered one year high at $5.29 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $3.89 and the 200 Day Moving Average price is recorded at $3.49.
Sprint Corporation is a holding company. The Company, along with its subsidiaries is a wireless communications company offering a range of wireless and wireline communications products and services. The Company operates in two segments: Wireless and Wireline. Its services are provided through its ownership of wireless networks, an all-digital global wireline network and a Tier 1 Internet backbone. It offers wireless and wireline services to subscribers in all 50 states, Puerto Rico, and the United States Virgin Islands under the Sprint corporate brand, which includes its retail brands of Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless. It markets its postpaid services under the Sprint brand. It markets its prepaid services under the Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless brands. In addition, it sells accessories, such as carrying cases, hands-free devices and and it sells devices and accessories to agents and other third-party distributors for resale.