Sprint Corporation (NYSE:S) Currently Has A “Sector-Perform” Rating On Stock


Dallas, Texas 11/07/2013 (Financialstrend) – RBC Capital analyst raised Sprint Corporation (NYSE:S) PT from $6.00 to $7.00 Friday and currently have a “sector-perform” rating on the company stock.

Numerous other analysts have weighed on the stock lately. BMO Capital Markets analysts reiterated their “outperform” rating on Sprint Corporation (NYSE:S) shares on 31 October and now have a PT of $8.00 on the stock, which is up from the previous $7.00.

Deutsche Bank analysts reiterated their “buy” rating on Sprint Corporation (NYSE:S) stock on Tuesday, 29 October 29th and now have a PT of $8.00 on the stock, which is down from the previous $8.50. Macquarie analysts upgraded shares Sprint Corporation (NYSE:S) shares from a “neutral” to an “outperform” rating on Wednesday, 16 October and now have a PT of $7.50 on the stock, which is up from the previous $7.00. Three research-analysts have assigned a “sell” rating  on Sprint Corporation (NYSE:S) stock, 15 have assigned a “hold” rating, 7  have assigned a “buy” rating and 1 has assigned a “strong buy” rating to Sprint Corporation (NYSE:S) stock. Currently, the average rating on the stock is a “hold” and the average PT is $7.19.

Sprint Corporation (NYSE:S) last posted  quarterly-earnings results on Wednesday 30  October It  reported earnings per share of $0.00 for the quarter. Sprint Corporation (NYSE:S) had revenue of $8.68B for the quarter, in comparison to the average estimate of $8.69B.

Wednesday’s trading

In Wednesday’s trading, Sprint Corporation (NYSE:S) dropped by 1.67%. The opening price of the shares was $7.21, which climbed to an intraday high of $7.28 and dipped to a close of $7.07. Approximately 16.78 million shares were traded on Wednesday while an average volume of 17.71 million shares were traded over a 30 day period. The 52-week low of Sprint Corporation (NYSE:S) shares is $5.15 and its 52-week high is $7.36. The company has a market capitalization of $28.24 billion.

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