Just How Positive is Raymond James on Sprint (S) Following Their Upgrade?

June 13, 2018 - By Dolores Ford

Sprint Corporation (NYSE:S) Logo

Investors sentiment decreased to 0.93 in 2018 Q1. Its down 0.06, from 0.99 in 2017Q4. It turned negative, as 45 investors sold Sprint Corporation shares while 82 reduced holdings. 39 funds opened positions while 79 raised stakes. 500.54 million shares or 5.37% less from 528.93 million shares in 2017Q4 were reported.

Earnest has 369 shares for 0% of their portfolio. Dnb Asset As owns 101,720 shares or 0% of their US portfolio. Menta Llc stated it has 34,100 shares or 0.04% of all its holdings. Envestnet Asset reported 0% of its portfolio in Sprint Corporation (NYSE:S). Northwestern Mutual Wealth Mgmt holds 0% of its portfolio in Sprint Corporation (NYSE:S) for 3,058 shares. Meiji Yasuda Asset Mgmt Co accumulated 10,353 shares. First Quadrant L P Ca reported 0% of its portfolio in Sprint Corporation (NYSE:S). Goldman Sachs Grp Inc holds 0.01% in Sprint Corporation (NYSE:S) or 10.89 million shares. Prudential Financial has invested 0% in Sprint Corporation (NYSE:S). Andra Ap, a Alabama-based fund reported 710,000 shares. San Francisco Sentry Inv Gp (Ca) invested in 863 shares. Veritable Limited Partnership, Pennsylvania-based fund reported 16,705 shares. Atwood And Palmer owns 2,586 shares or 0% of their US portfolio. 5.90M were accumulated by Scout. Great West Life Assurance Communications Can stated it has 0.01% of its portfolio in Sprint Corporation (NYSE:S).

Since December 13, 2017, it had 6 insider purchases, and 1 sale for $161.57 million activity. The insider SOFTBANK GROUP CORP bought 1.01M shares worth $5.58 million. 88,319 Sprint Corporation (NYSE:S) shares with value of $574,074 were sold by SAW JOHN.

Sprint (S) Stock Upgrade

Raymond James upgraded the shares of Sprint (S) from a “Mkt Perform” rating to “Outperform” rating in a note sent to investors and clients on Wednesday, 13 June.

The stock increased 2.07% or $0.11 during the last trading session, reaching $5.42. About 11.32 million shares traded. Sprint Corporation (S) has declined 38.18% since June 13, 2017 and is downtrending. It has underperformed by 50.75% the S&P500.

Analysts await Sprint Corporation (NYSE:S) to report earnings on August, 7. They expect $0.01 earnings per share, down 80.00 % or $0.04 from last year’s $0.05 per share. S’s profit will be $40.11M for 135.50 P/E if the $0.01 EPS becomes a reality. After $0.02 actual earnings per share reported by Sprint Corporation for the previous quarter, Wall Street now forecasts -50.00 % negative EPS growth.

Sprint Corporation, through its subsidiaries, provides various wireless and wireline communications services and products to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. The company has market cap of $21.74 billion. Virgin Islands. It has a 2.99 P/E ratio. The firm operates in two divisions, Wireless and Wireline.

More notable recent Sprint Corporation (NYSE:S) news were published by: 247Wallst.com which released: “Why The Huge AT&T Win May Bode Well For Other Takeover Targets” on June 13, 2018, also Benzinga.com with their article: “Wall Street Analysts Reflect On AT&T-Time Warner Ruling, Assess Implications Outside Tech, Media” published on June 13, 2018, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: Applied Materials, Comcast, HUYA, Sprint, Time Warner, Yelp and More” on June 13, 2018. More interesting news about Sprint Corporation (NYSE:S) were released by: Benzinga.com and their article: “25 Stocks Moving In Wednesday’s Pre-Market Session” published on June 13, 2018 as well as Fool.com‘s news article titled: “3 Big Implications of the AT&T-Time Warner Decision” with publication date: June 13, 2018.

Sprint Corporation (NYSE:S) Institutional Positions Chart

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