Sprint Corp. (NYSE:S) shares were up 3.1% on Thursday . The company traded as high as $5.07 and last traded at $5.04, with a volume of 7,875,735 shares changing hands. The stock had previously closed at $4.89.

A number of research analysts have weighed in on S shares. Pacific Crest lowered shares of Sprint Corp. from a “sector weight” rating to an “underweight” rating and dropped their price objective for the company from $3.49 to $2.18 in a research note on Wednesday, April 13th. Robert W. Baird reissued a “neutral” rating and set a $3.00 price target on shares of Sprint Corp. in a research report on Tuesday, June 28th. Sanford C. Bernstein dropped their price target on shares of Sprint Corp. from $4.25 to $3.75 and set a “market perform” rating on the stock in a research report on Wednesday, March 23rd. FBR & Co reissued a “buy” rating and set a $6.00 price target on shares of Sprint Corp. in a research report on Tuesday, June 7th. Finally, Zacks Investment Research lowered shares of Sprint Corp. from a “buy” rating to a “hold” rating in a research report on Monday, April 4th. Nine equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $3.54.

The stock’s 50 day moving average is $4.18 and its 200 day moving average is $3.55. The company’s market capitalization is $19.87 billion.

Sprint Corp. (NYSE:S) last issued its quarterly earnings data on Tuesday, May 3rd. The cell phone carrier reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. The firm had revenue of $8.07 billion for the quarter, compared to analysts’ expectations of $8.69 billion. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) EPS. Equities research analysts anticipate that Sprint Corp. will post ($0.83) EPS for the current year.

Several institutional investors have modified their holdings of the company. California State Teachers Retirement System boosted its position in shares of 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 valued at $5,141,000 after buying an additional 22,441 shares during the period. Swiss National Bank boosted its position in shares of 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 valued at $5,184,000 after buying an additional 19,500 shares during the period. Sei Investments Co. boosted its position in shares of 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 valued at $4,012,000 after buying an additional 1,107,869 shares during the period. Rhumbline Advisers boosted its position in shares of Sprint Corp. by 8.6% in the fourth quarter. Rhumbline Advisers now owns 512,015 shares of the cell phone carrier’s stock valued at $1,853,000 after buying an additional 40,390 shares during the period. Finally, Morgan Stanley boosted its position in shares of Sprint Corp. by 290.0% in the fourth quarter. Morgan Stanley now owns 7,066,966 shares of the cell phone carrier’s stock valued at $25,583,000 after buying an additional 5,255,020 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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