Sprint Corporation (S) Receives ‘Analyst’ Rating

Sprint Corporation (S) has an average broker rating of 3.22, which is interpreted as a Hold, as rated by 18 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 2 considers that the stock is a Sell.

Sprint Corporation (S) : Average target price received by Sprint Corporation (S) is $4.8 with an expected standard deviation of $1.36. The most aggressive target on the stock is $7, whereas the most downbeat target is $2. 11 financial analysts are currently covering the stock.


Also, Brokerage firm Buckingham Research downgrades its rating on Sprint Corporation (NYSE:S). The shares have been rated Underperform. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 25, 2016.

Sprint Corporation (NYSE:S): After opening at $6.53, the stock dipped to an intraday low of $6.525 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $6.845 and the buying power remained strong till the end. The stock closed at $6.79 for the day, a gain of 4.30% for the day session. The total traded volume was 25,799,540. The stocks close on the previous trading day was $6.51.

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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