Sprint Corp. (NYSE:S) traded up 2.7% during trading on Thursday . The company traded as high as $4.64 and last traded at $4.64, with a volume of 5,769,842 shares. The stock had previously closed at $4.52.

Several brokerages recently weighed in on S. FBR & Co reissued a “buy” rating and issued a $6.00 price objective on shares of Sprint Corp. in a report on Wednesday, May 4th. Pacific Crest reissued a “sell” rating on shares of Sprint Corp. in a report on Sunday. Zacks Investment Research raised Sprint Corp. from a “sell” rating to a “hold” rating in a report on Thursday. Moffett Nathanson reissued a “sell” rating on shares of Sprint Corp. in a report on Tuesday, May 3rd. Finally, Jefferies Group reissued a “sell” rating on shares of Sprint Corp. in a report on Wednesday, May 4th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $3.62.

The firm’s 50 day moving average is $4.24 and its 200 day moving average is $3.57. The company’s market capitalization is $18.28 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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. The firm earned $8.07 billion during the quarter, compared to analyst estimates of $8.69 billion. During the same period in the previous year, the business posted ($0.06) earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts forecast that Sprint Corp. will post ($0.83) EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Affinity Investment Advisors LLC boosted its position 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 worth $1,836,000 after buying an additional 4,050 shares during the last quarter. 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 worth $1,853,000 after buying an additional 40,390 shares during the last quarter. 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 worth $4,012,000 after buying an additional 1,107,869 shares during the last quarter. 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 worth $5,184,000 after buying an additional 19,500 shares during the last quarter. 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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