Sprint Corp. (S) Hits New 52-Week High at $6.43
Sprint Corp. (NYSE:S)’s share price hit a new 52-week high on Friday . The company traded as high as $6.43 and last traded at $6.40, with a volume of 12,974,334 shares. The stock had previously closed at $6.20.
S has been the topic of a number of recent research reports. Argus restated a “hold” rating on shares of Sprint Corp. in a research note on Tuesday, July 26th. Robert W. Baird restated a “neutral” rating and set a $3.00 price objective on shares of Sprint Corp. in a research note on Tuesday, June 28th. Royal Bank Of Canada raised their price objective on Sprint Corp. from $5.00 to $6.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 26th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Sprint Corp. in a research note on Tuesday, July 26th. Finally, Barclays PLC raised their price objective on Sprint Corp. from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 26th. Nine equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $4.40.
The company’s market capitalization is $25.54 billion. The company has a 50 day moving average price of $5.87 and a 200 day moving average price of $4.25.
Sprint Corp. (NYSE:S) last announced its quarterly earnings data on Monday, July 25th. The cell phone carrier reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.00. During the same period last year, the business posted ($0.46) earnings per share. The company had revenue of $8 billion for the quarter, compared to the consensus estimate of $8.69 billion. The firm’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts predict that Sprint Corp. will post ($0.83) earnings per share for the current fiscal year.
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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