Sprint Nextel Stock Rating Reaffirmed by Macquarie (S)
Shares of Sprint Nextel traded up 0.17% during mid-day trading on Friday, hitting $5.86. Sprint Nextel has a one year low of $2.30 and a one year high of $6.04. The stock’s 50-day moving average is currently $5.76. The company’s market cap is $17.643 billion.
Sprint Nextel last issued its quarterly earnings data on Thursday, February 7th. The company reported ($0.44) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.46) by $0.02. The company had revenue of $9.01 million for the quarter, compared to the consensus estimate of $8.93 million. During the same quarter in the prior year, the company posted ($0.43) earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts expect that Sprint Nextel will post $-0.87 EPS for the current fiscal year.
A number of other firms have also recently commented on S. Analysts at TheStreet reiterated a “hold” rating on shares of Sprint Nextel in a research note to investors on Friday, March 1st. Separately, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Sprint Nextel in a research note to investors on Wednesday, February 27th. They now have a $7.00 price target on the stock. Finally, analysts at Argus reiterated a “buy” rating on shares of Sprint Nextel in a research note to investors on Friday, February 22nd. They now have a $7.50 price target on the stock.
Nine research analysts have rated the stock with a buy rating, one has issued an overweight rating, thirteen have issued a hold rating, and two have assigned a sell rating to the company’s stock. The stock has an average rating of “overweight” and a consensus target price of $6.32.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries.
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