Sprint Corp. (NYSE:S)’s share price dropped 6.4% on Monday . The company traded as low as $4.60 and last traded at $4.68, with a volume of 33,605,350 shares traded. The stock had previously closed at $5.00.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Sprint Corp. from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a research note on Wednesday, March 30th. Robert W. Baird reissued a “neutral” rating and issued a $3.00 price target on shares of Sprint Corp. in a research note on Tuesday, June 28th. FBR & Co reissued a “buy” rating and issued a $6.00 price target on shares of Sprint Corp. in a research note on Wednesday, May 4th. Vetr downgraded shares of Sprint Corp. from a “sell” rating to a “strong sell” rating and set a $3.11 price target on the stock. in a research note on Wednesday, April 6th. Finally, Pacific Crest downgraded shares of Sprint Corp. from a “sector weight” rating to an “underweight” rating and reduced their price target for the company from $3.49 to $2.18 in a research note on Wednesday, April 13th. Nine equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $3.54.

The company has a 50-day moving average price of $4.18 and a 200 day moving average price of $3.55. The stock’s market capitalization is $18.87 billion.

Sprint Corp. (NYSE:S) last released its quarterly earnings results on Tuesday, May 3rd. The cell phone carrier reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. During the same quarter in the previous year, the company posted ($0.06) EPS. The company had revenue of $8.07 billion for the quarter, compared to the consensus estimate of $8.69 billion. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. Analysts expect that Sprint Corp. will post ($0.83) earnings per share for the current year.

A number of institutional investors have recently modified their holdings of S. Swiss National Bank increased 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 worth $5,184,000 after buying an additional 19,500 shares during the period. California State Teachers Retirement System increased 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 worth $5,141,000 after buying an additional 22,441 shares during the period. Rhumbline Advisers increased 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 worth $1,853,000 after buying an additional 40,390 shares during the period. Sei Investments Co. increased 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 worth $4,012,000 after buying an additional 1,107,869 shares during the period. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Sprint Corp. during the fourth quarter worth approximately $17,376,000.

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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