Pacifc Crest Downgrades Sprint Corp to Underweight

Brokerage firm Pacifc Crest Downgrades its rating on Sprint Corp(NYSE:S). The shares have been rated Underweight. Previously, the analysts had a Sector Weight rating on the shares. The rating by Pacifc Crest was issued on Apr 13, 2016.

In a different note, On Mar 23, 2016, Bernstein said it Maintains its rating on Sprint Corp. In the research note, the firm Lowers the price-target to $4.25 per share. The shares have been rated ‘Market Perform’ by the firm. Deutsche Bank said it Initiates Coverage on Sprint Corp, according to a research note issued on Feb 23, 2016. The shares have been rated ‘Hold’ by the firm. On Feb 12, 2016, HSBC said it Downgrades its rating on Sprint Corp. The shares have been rated ‘Reduce’ by the firm. On Jan 27, 2016, Oppenheimer said it Upgrades its rating on Sprint Corp. The shares have been rated ‘Perform’ by the firm.

Sprint Corp (S) made into the market gainers list on Fridays trading session with the shares advancing 2.57% or 0.09 points. Due to strong positive momentum, the stock ended at $3.59, which is also near the day’s high of $3.65. The stock began the session at $3.47 and the volume stood at 2,21,18,308 shares. The 52-week high of the shares is $5.39 and the 52 week low is $2.18. The company has a current market capitalization of $14,257 M and it has 3,97,12,23,200 shares in outstanding.

Sprint Corp(S) last announced its earnings results on Jan 26, 2016 for Fiscal Year 2015 and Q3.Earnings per share were $-0.14.

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.

Leave a Reply

Sprint Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Sprint Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.