Sprint Corp. (NYSE:S)’s share price was up 3.1% during trading on Thursday . The company traded as high as $5.07 and last traded at $5.04, with a volume of 7,875,735 shares traded. The stock had previously closed at $4.89.

Several equities research analysts recently weighed in on S shares. Zacks Investment Research upgraded Sprint Corp. from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a research note on Wednesday, March 30th. Vetr cut Sprint Corp. from a “sell” rating to a “strong sell” rating and set a $3.11 target price for the company. in a research note on Wednesday, April 6th. Macquarie started coverage on Sprint Corp. in a research note on Tuesday, April 5th. They set an “outperform” rating for the company. Sanford C. Bernstein decreased their target price on Sprint Corp. from $4.25 to $3.75 and set a “market perform” rating for the company in a research note on Wednesday, March 23rd. Finally, Robert W. Baird restated a “neutral” rating and set a $3.00 target price on shares of Sprint Corp. in a research note on Tuesday, June 28th. Nine research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. Sprint Corp. has a consensus rating of “Hold” and a consensus price target of $3.46.

The company’s market cap is $19.90 billion. The stock’s 50 day moving average is $4.09 and its 200 day moving average is $3.53.

Sprint Corp. (NYSE:S) last announced its quarterly earnings results 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. During the same quarter last year, the business posted ($0.06) earnings per share. The company earned $8.07 billion during the quarter, compared to analyst estimates of $8.69 billion. The company’s revenue was down 2.5% on a year-over-year basis. Analysts anticipate that Sprint Corp. will post ($0.83) EPS for the current fiscal year.

A number of hedge funds have made changes to their positions in the stock. Affinity Investment Advisors LLC increased its stake in shares of Sprint Corp. by 0.8% in the fourth quarter. Affinity Investment Advisors LLC now owns 507,080 shares of the cell phone carrier’s stock valued at $1,836,000 after buying an additional 4,050 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in Sprint Corp. during the fourth quarter worth approximately $17,376,000. 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 in the last quarter. Rhumbline Advisers increased its stake in Sprint Corp. by 8.6% in the fourth quarter. Rhumbline Advisers now owns 512,015 shares of the cell phone carrier’s stock worth $1,853,000 after buying an additional 40,390 shares in the last quarter. 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 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.

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