Citigroup Maintains Sprint Corp to Neutral with Price Target $7.00

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 $7.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Sep 15, 2016.

In a different note, On Aug 25, 2016, Buckingham Research said it Downgrades its rating on Sprint Corp. The shares have been rated ‘Underperform’ by the firm. On Jul 28, 2016, Morgan Stanley said it Maintains its rating on Sprint Corp. In the research note, the firm Raises the price-target to $3.00 per share. The shares have been rated ‘Underweight’ by the firm. 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. On Jul 26, 2016, Citigroup said it Maintains its rating on Sprint Corp. In the research note, the firm Raises the price-target to $4.75 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 26, 2016, UBS 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 ‘Neutral’ by the firm. On Jul 26, 2016, Argus Research said it Maintains its rating on Sprint Corp. The shares have been rated ‘Hold’ by the firm.

Sprint Corp (S) shares turned negative on Tuesdays trading session with the shares closing down -0.44 points or -6.62% at a volume of 5,33,70,429. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.94. The peak price level was also seen at $6.94 while the days lowest was $6.18. Finally the shares closed at $6.21. The 52-week high of the shares is $7.03 while the 52-week low is $2.18. According to the latest information available, the market cap of the company is $24,706 M.

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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