Price Target Update on Sprint Corporation (NYSE:S)

Sprint Corporation (NYSE:S) : The highest short term price target forecast on Sprint Corporation (NYSE:S) is $6 and the lowest target price is $2. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $3.67 with a standard deviation of $1.1.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Pacifc Crest downgrades the rating on Sprint Corporation (NYSE:S). The brokerage firm has issued a Underweight rating on the shares. The shares were previously rated Sector Weight. The rating by the firm was issued on April 13, 2016.

Sprint Corporation (NYSE:S): stock turned positive on Thursday. Though the stock opened at $4.38, the bulls momentum made the stock top out at $4.48 level for the day. The stock recorded a low of $4.28 and closed the trading day at $4.39, in the green by 0.23%. The total traded volume for the day was 19,121,413. The stock had closed at $4.38 in the previous days trading.

The company shares have dropped -5.19% from its 1 Year high price. On Aug 31, 2015, the shares registered one year high at $5.29 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $3.67 and the 200 Day Moving Average price is recorded at $3.45. On the companys insider trading activities,The officer (Vice President & Controller) of Sprint Corp, Schieber Paul W Jr sold 19,229 shares at $3.72 on March 2, 2016. The Insider selling transaction had a total value worth of $71,532. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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