Brokerage Firm Rating Update on Sprint Corporation (S)

Sprint Corporation (S) has an average broker rating of 3.22, which is interpreted as a Hold, as rated by 18 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 2 considers that the stock is a Sell.

Sprint Corporation (S) : 11 Wall Street analysts covering Sprint Corporation (S) believe that the average level the stock could reach for the short term is $4.8. The maximum price target given is $7 and the minimum target for short term is around $2, hence the standard deviation is calculated at $1.36.


Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Buckingham Research downgrades its ratings on Sprint Corporation (NYSE:S). According to the latest information available, the shares are now rated Underperform by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 25, 2016.

Sprint Corporation (NYSE:S): The stock opened at $6.32 and touched an intraday high of $6.635 on Wednesday. During the day, the stock corrected to an intraday low of $6.31, however, the bulls stepped in and pushed the price higher to close in the green at $6.63 with a gain of 4.57% for the day. The total traded volume for the day was 28,281,174. The stock had closed at $6.34 in the previous trading session.

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.

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