Sprint Corp. (NYSE:S) hit a new 52-week high on Friday . The stock traded as high as $6.35 and last traded at $6.16, with a volume of 12,513,682 shares trading hands. The stock had previously closed at $6.22.

S has been the topic of a number of recent analyst reports. Pacific Crest cut shares of Sprint Corp. from a “sector weight” rating to an “underweight” rating and lowered their target price for the stock from $3.49 to $2.18 in a research note on Wednesday, April 13th. Bank of America Corp. reiterated a “sell” rating and issued a $2.60 target price on shares of Sprint Corp. in a research note on Monday, May 2nd. Moffett Nathanson reiterated a “sell” rating on shares of Sprint Corp. in a research note on Tuesday, May 3rd. FBR & Co reissued a “buy” rating and set a $6.00 price target on shares of Sprint Corp. in a research report on Wednesday, May 4th. Finally, Jefferies Group reissued a “sell” rating on shares of Sprint Corp. in a research report on Wednesday, May 4th. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. Sprint Corp. presently has a consensus rating of “Hold” and an average price target of $4.22.

The firm’s market capitalization is $24.53 billion. The stock’s 50-day moving average price is $4.95 and its 200 day moving average price is $3.78.

Sprint Corp. (NYSE:S) last posted its quarterly earnings data on Monday, July 25th. The cell phone carrier reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.00. During the same period in the prior year, the firm posted ($0.46) EPS. The business had revenue of $8 billion for the quarter, compared to analyst estimates of $8.69 billion. Sprint Corp.’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts anticipate that Sprint Corp. will post ($0.83) EPS for the current fiscal year.

Several institutional investors recently modified their holdings of the company. 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. State of New Jersey Common Pension Fund D bought a new position in shares of Sprint Corp. during the fourth quarter worth about $17,376,000. Morgan Stanley raised 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 during the period. Finally, Rhumbline Advisers raised 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 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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