Zacks Rating on Sprint Corporation (S)

Sprint Corporation (S) : 2 brokerage houses believe that Sprint Corporation (S) is a Strong Buy at current levels. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Sprint Corporation (S). Zacks Investment Research suggests a Hold with a rank of 3. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 18 Wall Street Analysts endorse the stock as a Hold with a rating of 3.11.

Sprint Corporation (S) : The highest level Sprint Corporation (S) is projected to reach is $7 for the short term and the lowest estimate is at $2. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $4.66 and the possibility the share price can swing is $1.41.


Shares of Sprint Corporation rose by 1.16% in the last five trading days and 3.73% for the last 4 weeks. Sprint Corporation is up 74.36% in the last 3-month period. Year-to-Date the stock performance stands at 69.06%. Sprint Corporation (NYSE:S): stock turned positive on Tuesday. Though the stock opened at $6.04, the bulls momentum made the stock top out at $6.16 level for the day. The stock recorded a low of $6.02 and closed the trading day at $6.12, in the green by 1.32%. The total traded volume for the day was 16,628,172. The stock had closed at $6.04 in the previous days trading.

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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