Analyst Rating Update on Sprint Corporation (S)

Sprint Corporation (S) : 18 analysts are covering Sprint Corporation (S) and their average rating on the stock is 3.11, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 2 more analyst has given the stock a Sell recommendation. A total of 12 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

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 Also, Equity Analysts at the Morgan Stanley maintains the rating on Sprint Corporation (NYSE:S). The brokerage firm has issued a Underweight rating on the shares. The Analysts at the ratings agency raises the price target from $3 per share to $4.4 per share. The rating by the firm was issued on July 28, 2016.


Sprint Corporation (NYSE:S): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.94 and $5.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.09, notching a gain of 2.18% for the day. The total traded volume was 15,260,173 . The stock had closed at $5.96 on the previous day.

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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