Sprint Corp (NYSE:S)‘s stock had its “outperform” rating reissued by equities research analysts at FBR & Co. in a report issued on Wednesday, Analyst Ratings Net reports. They currently have a $6.00 price objective on the cell phone carrier’s stock. FBR & Co.’s target price would suggest a potential upside of 105.48% from the company’s previous close.

Sprint Corp (NYSE:S) traded down 2.34% during mid-day trading on Wednesday, hitting $2.92. The stock had a trading volume of 40,522,361 shares. The stock’s market capitalization is $11.59 billion. Sprint Corp has a 52 week low of $2.18 and a 52 week high of $5.45. The company’s 50 day moving average is $3.40 and its 200-day moving average is $4.03.

Sprint Corp (NYSE:S) last issued its earnings results on Tuesday, January 26th. The cell phone carrier reported ($0.21) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.05. The firm earned $8.10 billion during the quarter, compared to the consensus estimate of $8.69 billion. During the same quarter in the previous year, the firm earned ($0.46) earnings per share. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. On average, analysts expect that Sprint Corp will post ($0.83) EPS for the current fiscal year.

Several other brokerages have also issued reports on S. Vetr upgraded Sprint Corp from a “strong sell” rating to a “sell” rating and set a $4.44 target price on the stock in a research note on Monday, November 2nd. Zacks Investment Research upgraded Sprint Corp from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research note on Monday, November 2nd. HSBC lowered Sprint Corp from a “buy” rating to a “hold” rating in a research note on Friday, November 6th. Moffett Nathanson restated a “sell” rating on shares of Sprint Corp in a research note on Friday, October 9th. Finally, Canaccord Genuity restated a “hold” rating and issued a $3.75 target price on shares of Sprint Corp in a research note on Tuesday, November 3rd. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $4.15.

Other institutional investors have recently bought and sold shares of the company. Janus Capital Management boosted its position in Sprint Corp by 71.0% in the third quarter. Janus Capital Management now owns 263,685 shares of the cell phone carrier’s stock worth $1,013,000 after buying an additional 109,491 shares during the last quarter. KBC Group boosted its stake in shares of Sprint Corp by 48.6% in the third quarter. KBC Group now owns 179,047 shares of the cell phone carrier’s stock valued at $688,000 after buying an additional 58,597 shares in the last quarter. Creative Planning boosted its stake in shares of Sprint Corp by 6.5% in the fourth quarter. Creative Planning now owns 196,492 shares of the cell phone carrier’s stock valued at $711,000 after buying an additional 12,045 shares in the last quarter. IMS Capital Management boosted its stake in shares of Sprint Corp by 3.3% in the fourth quarter. IMS Capital Management now owns 192,686 shares of the cell phone carrier’s stock valued at $698,000 after buying an additional 6,155 shares in the last quarter. Finally, Fourth Swedish National Pension Fund boosted its stake in shares of Sprint Corp by 1.7% in the fourth quarter. Fourth Swedish National Pension Fund now owns 231,102 shares of the cell phone carrier’s stock valued at $837,000 after buying an additional 3,965 shares in the last quarter.

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.

12 Month Chart for NYSE:S

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