Sprint Corp. (NYSE:S) traded up 2.5% during trading on Thursday . The stock traded as high as $4.59 and last traded at $4.56, with a volume of 6,898,024 shares traded. The stock had previously closed at $4.45.

Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Sprint Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday. Robert W. Baird restated a “neutral” rating and set a $3.00 target price on shares of Sprint Corp. in a research report on Tuesday, June 28th. Macquarie restated an “outperform” rating and set a $4.00 target price on shares of Sprint Corp. in a research report on Thursday, June 23rd. FBR & Co restated a “buy” rating and set a $6.00 target price on shares of Sprint Corp. in a research report on Tuesday, June 7th. Finally, Pacific Crest reaffirmed a “sell” rating on shares of Sprint Corp. in a research note on Wednesday, June 1st. Nine equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $3.46.

The company’s market capitalization is $18.04 billion. The firm has a 50-day moving average price of $3.92 and a 200-day moving average price of $3.50.

Sprint Corp. (NYSE:S) last announced its quarterly earnings data on Tuesday, May 3rd. The cell phone carrier reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.01. The company earned $8.07 billion during the quarter, compared to analysts’ expectations of $8.69 billion. During the same period in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. On average, equities analysts forecast that Sprint Corp. will post ($0.83) earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. Morgan Stanley increased its stake in Sprint Corp. by 290.0% in the fourth quarter. Morgan Stanley now owns 7,066,966 shares of the cell phone carrier’s stock worth $25,583,000 after buying an additional 5,255,020 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in Sprint Corp. during the fourth quarter worth $17,376,000. Swiss National Bank increased its stake in Sprint Corp. by 1.4% in the fourth quarter. Swiss National Bank now owns 1,432,151 shares of the cell phone carrier’s stock worth $5,184,000 after buying an additional 19,500 shares during the period. California State Teachers Retirement System increased its stake in Sprint Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 1,420,167 shares of the cell phone carrier’s stock worth $5,141,000 after buying an additional 22,441 shares during the period. Finally, Sei Investments Co. increased its stake in Sprint Corp. by 356,228.0% in the fourth quarter. Sei Investments Co. now owns 1,108,180 shares of the cell phone carrier’s stock worth $4,012,000 after buying an additional 1,107,869 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.

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