Sprint Corp (NYSE:S) was upgraded by investment analysts at Oppenheimer from an “underperform” rating to a “market perform” rating in a report issued on Wednesday, The Fly reports. The brokerage currently has a $2.99 price target on the cell phone carrier’s stock. Oppenheimer’s target price would suggest a potential downside of 1.97% from the company’s current price.

A number of other equities research analysts have also recently weighed in on S. Citigroup Inc. lifted their price target on shares of Sprint Corp from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Friday, October 2nd. DA Davidson started coverage on shares of Sprint Corp in a report on Friday, October 2nd. They issued a “neutral” rating and a $4.50 price objective for the company. Vetr cut shares of Sprint Corp from a “strong-buy” rating to a “buy” rating and set a $4.75 price objective for the company. in a report on Monday, October 5th. Moffett Nathanson restated a “sell” rating on shares of Sprint Corp in a report on Friday, October 9th. Finally, Zacks Investment Research cut shares of Sprint Corp from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 15th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $4.15.

Shares of Sprint Corp (NYSE:S) traded down 0.98% on Wednesday, reaching $3.02. 3,202,843 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $3.36 and a 200 day moving average of $4.02. Sprint Corp has a one year low of $2.18 and a one year high of $5.45. The firm’s market capitalization is $11.99 billion.

Sprint Corp (NYSE:S) last announced its quarterly earnings results on Tuesday, January 26th. The cell phone carrier reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.05. The company had revenue of $8.10 billion for the quarter, compared to analyst estimates of $8.69 billion. During the same quarter in the prior year, the business earned ($0.46) earnings per share. Sprint Corp’s revenue was down 9.7% on a year-over-year basis. On average, equities research analysts predict that Sprint Corp will post ($0.83) EPS for the current year.

A number of institutional investors have recently made changes to their positions in the stock. Taylor Wealth Management Partners purchased a new position in shares of Sprint Corp during the fourth quarter valued at about $0. KBC Group boosted its position in Sprint Corp by 48.6% in the third quarter. KBC Group now owns 179,047 shares of the cell phone carrier’s stock worth $688,000 after buying an additional 58,597 shares during the period. IMS Capital Management boosted its position in Sprint Corp by 3.3% in the fourth quarter. IMS Capital Management now owns 192,686 shares of the cell phone carrier’s stock worth $698,000 after buying an additional 6,155 shares during the period. Creative Planning boosted its position in Sprint Corp by 6.5% in the fourth quarter. Creative Planning now owns 196,492 shares of the cell phone carrier’s stock worth $711,000 after buying an additional 12,045 shares during the period. Finally, Fourth Swedish National Pension Fund boosted its position in 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 worth $837,000 after buying an additional 3,965 shares during the period.

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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