An issue of Sprint Corp (NYSE:S) bonds fell 1.2% as a percentage of their face value during trading on Monday. The debt issue has a 6% coupon and is set to mature on November 15, 2022. The debt is now trading at $98.50 and was trading at $98.16 last week. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its share price.

Several equities analysts have commented on S shares. KeyCorp set a $5.00 price objective on Sprint and gave the company an “underweight” rating in a research report on Tuesday, January 2nd. TheStreet lowered Sprint from a “c-” rating to a “d+” rating in a research report on Tuesday, December 19th. Deutsche Bank lowered their price objective on Sprint to $5.50 and set a “hold” rating for the company in a research report on Monday, December 11th. Vetr lowered Sprint from a “strong-buy” rating to a “buy” rating and set a $5.90 price objective for the company. in a research report on Thursday, January 4th. Finally, Macquarie lowered Sprint from a “neutral” rating to an “underperform” rating and set a $5.00 price objective for the company. in a research report on Tuesday, January 23rd. Ten analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $6.02.

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Sprint Corp (S) opened at $5.29 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.92 and a quick ratio of 0.83. The stock has a market capitalization of $21,296.16, a PE ratio of 3.06 and a beta of 0.64. Sprint Corp has a 52-week low of $4.91 and a 52-week high of $9.22.

Sprint (NYSE:S) last released its quarterly earnings data on Friday, February 2nd. The cell phone carrier reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. Sprint had a negative return on equity of 0.94% and a net margin of 21.41%. The company had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $8.19 billion. During the same period last year, the company earned ($0.46) EPS. Sprint’s revenue for the quarter was down 3.6% on a year-over-year basis. research analysts expect that Sprint Corp will post 1.75 earnings per share for the current year.

In other Sprint news, major shareholder Group Corp Softbank acquired 6,239,538 shares of Sprint stock in a transaction that occurred on Thursday, January 11th. The stock was bought at an average cost of $5.70 per share, for a total transaction of $35,565,366.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders purchased a total of 53,757,531 shares of company stock valued at $309,175,156 over the last quarter. 0.18% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in S. BlackRock Inc. grew its stake in shares of Sprint by 19.8% during the 4th quarter. BlackRock Inc. now owns 43,490,226 shares of the cell phone carrier’s stock valued at $256,158,000 after purchasing an additional 7,188,919 shares during the period. Geode Capital Management LLC grew its stake in shares of Sprint by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 4,706,246 shares of the cell phone carrier’s stock valued at $27,698,000 after purchasing an additional 69,950 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Sprint during the 4th quarter valued at about $26,207,000. Bank of New York Mellon Corp grew its stake in shares of Sprint by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 3,682,775 shares of the cell phone carrier’s stock valued at $21,693,000 after purchasing an additional 87,274 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Sprint by 2.2% during the 3rd quarter. Legal & General Group Plc now owns 3,568,008 shares of the cell phone carrier’s stock valued at $27,759,000 after purchasing an additional 75,465 shares during the period. Institutional investors own 13.63% of the company’s stock.

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Sprint Company Profile

Sprint Corporation (Sprint) is a holding company. The Company, along with its subsidiaries, is a communications company offering a range of wireless and wireline communications products and services that are designed to meet the needs of consumers, businesses, government subscribers and resellers. It operates through two segments: Wireless and Wireline.

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