The stock of Sprint Corp (NYSE:S) hit a new 52-week high and has $8.29 target or 3.00% above today’s $8.05 share price. The 6 months bullish chart indicates low risk for the $32.62B company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $8.29 price target is reached, the company will be worth $978.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.80 million shares traded hands. Sprint Corp (NYSE:S) has risen 117.39% since April 27, 2016 and is uptrending. It has outperformed by 112.16% the S&P500.
Analysts await Sprint Corp (NYSE:S) to report earnings on January, 24. They expect $-0.07 earnings per share, up 66.67% or $0.14 from last year’s $-0.21 per share. After $-0.04 actual earnings per share reported by Sprint Corp for the previous quarter, Wall Street now forecasts 75.00% negative EPS growth.
Sprint Corp (NYSE:S) Ratings Coverage
Out of 20 analysts covering Sprint Nextel Corporation (NYSE:S), 4 rate it a “Buy”, 3 “Sell”, while 13 “Hold”. This means 20% are positive. $32 is the highest target while $3 is the lowest. The $4.99 average target is -38.01% below today’s ($8.05) stock price. Sprint Nextel Corporation has been the topic of 41 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, September 9. The stock of Sprint Corp (NYSE:S) has “Sector Weight” rating given on Tuesday, July 26 by Pacific Crest. The stock of Sprint Corp (NYSE:S) earned “Perform” rating by Oppenheimer on Wednesday, January 27. Evercore maintained it with “Hold” rating and $4 target price in Wednesday, August 5 report. Barclays Capital maintained the stock with “Equal Weight” rating in Wednesday, August 5 report. The stock of Sprint Corp (NYSE:S) earned “Neutral” rating by UBS on Tuesday, July 26. As per Thursday, August 6, the company rating was upgraded by FBR Capital. As per Tuesday, July 26, the company rating was maintained by Argus Research. Canaccord Genuity maintained the stock with “Hold” rating in Wednesday, August 5 report. The stock of Sprint Corp (NYSE:S) earned “Market Perform” rating by Cowen & Co on Wednesday, August 5.
According to Zacks Investment Research, “Sprint Corporation offers communications services. It operates in two segments: Wireless and Wireline. It develops, engineers and deploys technologies, including wireless networks offering mobile data services, instant national and international push-to-talk capabilities and a global Tier 1 Internet backbone. Sprint Corporation is based in Overland Park, United States.”
Insitutional Activity: The institutional sentiment decreased to 1.12 in Q2 2016. Its down 0.01, from 1.13 in 2016Q1. The ratio turned negative, as 34 funds sold all Sprint Corp shares owned while 71 reduced positions. 26 funds bought stakes while 93 increased positions. They now own 582.06 million shares or 3.35% more from 563.17 million shares in 2016Q1.
Manufacturers Life Insur Company The has 0% invested in the company for 117,851 shares. Moreover, New York State Common Retirement Fund has 0.01% invested in Sprint Corp (NYSE:S) for 2.18M shares. Atwood & Palmer last reported 0% of its portfolio in the stock. The Iowa-based Principal Finance Group Incorporated has invested 0% in Sprint Corp (NYSE:S). The Germany-based Commerzbank Aktiengesellschaft Fi has invested 0% in Sprint Corp (NYSE:S). Peak6 Investments Limited Partnership owns 20,171 shares or 0% of their US portfolio. Royal Natl Bank Of Canada, a Ontario – Canada-based fund reported 670,843 shares. Daiwa Secs Group has 18,179 shares for 0% of their US portfolio. Panagora Asset Mgmt holds 0.01% of its portfolio in Sprint Corp (NYSE:S) for 305,664 shares. Raymond James Svcs Advisors has invested 0% of its portfolio in Sprint Corp (NYSE:S). Franklin Resources has 21,532 shares for 0% of their US portfolio. Parkwood Ltd Liability Corp last reported 464,241 shares in the company. Blackrock holds 0% of its portfolio in Sprint Corp (NYSE:S) for 575,982 shares. Blackrock Advisors Lc has invested 0% of its portfolio in Sprint Corp (NYSE:S). Shell Asset Mngmt has 30,441 shares for 0% of their US portfolio.
Insider Transactions: Since November 14, 2016, the stock had 0 buys, and 2 insider sales for $761,160 net activity. SCHIEBER PAUL W JR had sold 52,375 shares worth $385,705 on Monday, November 14. The insider SOLE-RAFOLS ROGER sold $375,455.
More news for Sprint Corp (NYSE:S) were recently published by: Fool.com, which released: “Better Buy: AT&T, Inc. vs. Sprint Corp.” on November 28, 2016. Investorplace.com‘s article titled: “Trade of the Day: Sprint Corp (NYSE:S)” and published on November 15, 2016 is yet another important article.
S Company Profile
Sprint Corporation (Sprint), incorporated on October 5, 2012, is a holding company. The Company, along with its subsidiaries, is a communications firm offering a range of wireless and wireline communications services and products that are designed to meet the needs of consumers, businesses, government subscribers and resellers. It operates through two divisions: Wireless and Wireline. The Firm offers wireless and wireline services to subscribers in approximately 50 states, Puerto Rico, and the United States Virgin Islands under the Sprint corporate brand, which includes its retail brands of Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless on its wireless networks utilizing various technologies, including third generation (3G) code division multiple access (CDMA), fourth generation (4G) services utilizing Long Term Evolution (LTE).
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