Sprint Corp. (NYSE:S)’s share price 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 traded. The stock had previously closed at $4.52.

A number of equities analysts have recently commented on the company. FBR & Co restated a “buy” rating and issued a $6.00 price objective on shares of Sprint Corp. in a report on Wednesday, May 4th. Pacific Crest restated a “sell” rating on shares of Sprint Corp. in a report on Sunday, July 17th. Moffett Nathanson restated a “sell” rating on shares of Sprint Corp. in a report on Tuesday, May 3rd. Jefferies Group reiterated a “sell” rating on shares of Sprint Corp. in a report on Wednesday, May 4th. Finally, Macquarie reiterated a “positive” rating and set a $4.00 target price on shares of Sprint Corp. in a report on Thursday, June 2nd. Eight analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $3.62.

The firm’s market cap is $18.36 billion. The firm’s 50 day moving average is $4.29 and its 200 day moving average is $3.59.

Sprint Corp. (NYSE:S) last issued 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. The company earned $8.07 billion during 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 last year, the company earned ($0.06) EPS. On average, analysts expect that Sprint Corp. will post ($0.83) earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Swiss National Bank raised 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 in the last quarter. Sei Investments Co. raised 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 in the last quarter. Rhumbline Advisers raised 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 in the last quarter. Morgan Stanley raised 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 in 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 valued at about $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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