Sprint Corporation (S) Receives Price Target

Sprint Corporation (S) : 11 investment research analysts covering Sprint Corporation (S) have an average price target of $4.8 for the near short term. The highest target price given by the Brokerage Firm to the stock is $7 and the lowest target is $2 for the short term. Analysts expect the variance to be within $1.36 of the average price.

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.


Also, In a research note released to the investors, Buckingham Research downgrades its rating on Sprint Corporation (NYSE:S).The analysts at the brokerage house have a current rating of Underperform on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 25, 2016.

Sprint Corporation (NYSE:S): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.18 and $6.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.20, notching a gain of 0.32% for the day. The total traded volume was 13,396,932 . The stock had closed at $6.18 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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