Short Term Price Target on Sprint Corporation (S)

Sprint Corporation (NYSE:S) : The consensus price target for Sprint Corporation (NYSE:S) is $3.67 for the short term with a standard deviation of $1.1. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $6, however, the pessimist price target for the company is $2.

Shares of Sprint Corporation rose by 3.19% in the last five trading days and 20.8% for the last 4 weeks. Sprint Corporation is up 24.79% in the last 3-month period. Year-to-Date the stock performance stands at 25.14%. Also, Pacifc Crest downgrades their rating on the shares of Sprint Corporation (NYSE:S). The current rating of the shares is Underweight. Earlier, the shares were rated a Sector Weight by the brokerage firm. The rating by the firm was issued on April 13, 2016.

Sprint Corporation (NYSE:S) has an average broker rating of 3.24, which is interpreted as a Hold, as rated by 17 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 10 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 (NYSE:S): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.52 and $4.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.53, notching a gain of 1.12% for the day. The total traded volume was 12,453,006 . The stock had closed at $4.48 on the previous day.

In an insider trading activity, The officer (Vice President & Controller), of Sprint Corp, Schieber Paul W Jr had unloaded 19,229 shares at $3.72 per share in a transaction on March 2, 2016. The total value of transaction was $71,532. The Insider information was revealed by 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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