Sprint Corp. (NYSE:S) had its price objective hoisted by Barclays PLC from $5.00 to $6.00 in a research note released on Tuesday. Barclays PLC currently has an equal weight rating on the cell phone carrier’s stock.

A number of other equities analysts have also commented on the company. Pacific Crest reaffirmed a sell rating on shares of Sprint Corp. in a report on Sunday, July 17th. Deutsche Bank AG raised their price target on Sprint Corp. from $4.00 to $5.00 and gave the stock a hold rating in a report on Tuesday, July 26th. Argus reaffirmed a hold rating on shares of Sprint Corp. in a report on Tuesday, July 26th. Nomura raised their price target on Sprint Corp. to $6.00 in a report on Tuesday, July 26th. Finally, Citigroup Inc. increased their price objective on Sprint Corp. from $4.75 to $6.00 and gave the stock a neutral rating in a research report on Tuesday, July 26th. Nine analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $4.48.

Shares of Sprint Corp. (NYSE:S) opened at 6.21 on Tuesday. The company’s 50-day moving average price is $6.28 and its 200 day moving average price is $4.54. The firm’s market capitalization is $24.71 billion. Sprint Corp. has a 12-month low of $2.18 and a 12-month high of $7.03.

Sprint Corp. (NYSE:S) last announced its quarterly earnings data on Monday, July 25th. The cell phone carrier reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.00. Sprint Corp. had a negative return on equity of 10.53% and a negative net margin of 7.08%. The business earned $8 billion during the quarter, compared to analyst estimates of $8.69 billion. During the same period in the prior year, the company earned ($0.46) earnings per share. Sprint Corp.’s revenue was down .2% compared to the same quarter last year. On average, equities analysts forecast that Sprint Corp. will post ($0.83) earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the company. MIG Capital LLC raised its position in shares of Sprint Corp. by 1.6% in the first quarter. MIG Capital LLC now owns 7,229,415 shares of the cell phone carrier’s stock worth $25,158,000 after buying an additional 114,015 shares during the last quarter. LPL Financial LLC raised its position in shares of Sprint Corp. by 7.3% in the first quarter. LPL Financial LLC now owns 80,094 shares of the cell phone carrier’s stock worth $280,000 after buying an additional 5,442 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Sprint Corp. by 1.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,146,632 shares of the cell phone carrier’s stock worth $9,724,000 after buying an additional 39,804 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Sprint Corp. during the first quarter worth $2,897,000. Finally, TIAA CREF Investment Management LLC raised its position in shares of Sprint Corp. by 4.7% in the first quarter. TIAA CREF Investment Management LLC now owns 3,187,247 shares of the cell phone carrier’s stock worth $11,092,000 after buying an additional 142,300 shares during the last quarter. Institutional investors own 14.92% of the company’s stock.

About Sprint Corp.

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.

5 Day Chart for NYSE:S

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