Citigroup Maintains Sprint Corp to Neutral with Price Target $6.00

Brokerage firm Citigroup Maintains its rating on Sprint Corp(NYSE:S). In a research note issued to the investors, the brokerage major Raises the price-target to $6.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Jul 26, 2016.

In a different note, On Jul 26, 2016, Barclays said it Maintains its rating on Sprint Corp. In the research note, the firm Raises the price-target to $4.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Sprint Corp (S) made into the market gainers list on Fridays trading session with the shares advancing 2.33% or 0.14 points. Due to strong positive momentum, the stock ended at $6.14, which is also near the day’s high of $6.22. The stock began the session at $5.94 and the volume stood at 2,39,30,765 shares. The 52-week high of the shares is $6.35 and the 52 week low is $2.18. The company has a current market capitalization of $24,404 M and it has 3,97,45,92,400 shares in outstanding.

Sprint Corp(S) last announced its earnings results on Jul 25, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $8.01B. Analysts had an estimated revenue of $8.69B. Earnings per share were $-0.05.

Several Insider Transactions has been reported to the SEC. On Mar 3, 2016, Paul W Jr Schieber (Vice President & Controller) sold 19,229 shares at $3.72 per share price.Also, On Aug 18, 2015, Jaime Jones (President, Postpaid & Gen Bus) sold 38,879 shares at $4.72 per share price.On Aug 11, 2015, Nikesh Arora (director) purchased 51,187 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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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