Sprint Corp (S) is Reiterated by Barclays to Equal Weight, Raises Price Target to $ 6

Sprint Corp (S) was Reiterated by Barclays to “Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 6 from a previous price target of $5 . Barclays advised their investors in a research report released on Sep 20, 2016.

Many Wall Street Analysts have commented on Sprint Corp. Sprint Corp was Downgraded by Buckingham Research to ” Underperform” on Aug 25, 2016. Company shares were Reiterated by RBC Capital Mkts on Jul 26, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 6 from a previous price target of $5 .Sprint Corp was Upgraded by Pacific Crest to ” Sector Weight” on Jul 26, 2016.

On the company’s financial health, Sprint Corp reported $-0.08 EPS for the quarter, based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus estimate of $-0.08. The company had revenue of $8012.00 million for the quarter, compared to analysts expectations of $7987.04 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.01 EPS.

Sprint Corp closed down -0.14 points or -2.06% at $6.65 with 30,181,178 shares getting traded on Friday. Post opening the session at $6.79, the shares hit an intraday low of $6.59 and an intraday high of $6.84 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 3, 2016, Paul W Jr Schieber (Vice President & Controller) sold 19,229 shares at $3.72 per share price. According to the SEC, on Aug 18, 2015, Jaime Jones (President, Postpaid & Gen Bus) sold 38,879 shares at $4.72 per share price. On Aug 11, 2015, Nikesh Arora (director) purchased 51,187 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Sprint Corp

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