Sprint Corporation (S) : The consensus on Sprint Corporation (S) based on 18 analyst recommendation on the company stock is 3.11, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 2 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Sprint Corporation (S).
Sprint Corporation (S) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $7 and the lowest price target forecast is $2. The average forecast of all the analysts is $4.66 and the expected standard deviation is $1.41.
Company shares have received an average consensus rating of Hold for the current week Sprint Corporation (NYSE:S): The stock opened at $6.16 on Thursday but the bulls could not build on the opening and the stock topped out at $6.20 for the day. The stock traded down to $5.97 during the day, due to lack of any buying support eventually closed down at $6.10 with a loss of -0.97% for the day. The stock had closed at $6.16 on the previous day. The total traded volume was 15,829,043 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Vice President & Controller) of Sprint Corp, Schieber Paul W Jr had sold 19,229 shares worth of $71,532 in a transaction dated March 2, 2016. In this transaction, 19,229 shares were sold at $3.72 per share.
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.