Sprint (S) Upgraded to Buy at ValuEngine

Sprint (NYSE:S) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, February 4th.

A number of other research firms have also weighed in on S. Zacks Investment Research lowered shares of Sprint from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Cowen reissued a “hold” rating and set a $4.50 price target on shares of Sprint in a research report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $5.83.

NYSE:S traded up $0.05 during trading hours on Monday, reaching $6.40. The company had a trading volume of 9,734,893 shares, compared to its average volume of 13,942,483. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $25.78 billion, a price-to-earnings ratio of 91.43, a PEG ratio of 7.18 and a beta of 0.53. Sprint has a twelve month low of $4.81 and a twelve month high of $6.62.

Sprint (NYSE:S) last posted its quarterly earnings results on Thursday, January 31st. The cell phone carrier reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.40 billion. Sprint had a return on equity of 1.08% and a net margin of 0.90%. During the same quarter in the previous year, the business posted $1.76 earnings per share. Equities analysts predict that Sprint will post 0.03 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of S. MML Investors Services LLC grew its stake in Sprint by 15.7% during the fourth quarter. MML Investors Services LLC now owns 13,834 shares of the cell phone carrier’s stock valued at $81,000 after acquiring an additional 1,881 shares in the last quarter. Private Capital Group LLC grew its stake in Sprint by 51.7% during the fourth quarter. Private Capital Group LLC now owns 6,002 shares of the cell phone carrier’s stock valued at $35,000 after acquiring an additional 2,045 shares in the last quarter. IFM Investors Pty Ltd grew its stake in Sprint by 4.7% during the fourth quarter. IFM Investors Pty Ltd now owns 50,928 shares of the cell phone carrier’s stock valued at $296,000 after acquiring an additional 2,281 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in Sprint by 8.0% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 44,700 shares of the cell phone carrier’s stock valued at $260,000 after acquiring an additional 3,300 shares in the last quarter. Finally, TD Asset Management Inc. grew its stake in Sprint by 14.5% during the fourth quarter. TD Asset Management Inc. now owns 33,812 shares of the cell phone carrier’s stock valued at $197,000 after acquiring an additional 4,270 shares in the last quarter. 13.05% of the stock is currently owned by institutional investors.

Sprint Company Profile

Sprint Corporation, together with its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. It operates in two segments, Wireless and Wireline.

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