Sprint Corp (NYSE:S) Seems to Be a Stock That Raymond James Is Excited About; Firm Upgrades Shares

June 13, 2018 - By Marguerite Chambers

Sprint Corporation (NYSE:S) Logo

Investors sentiment decreased to 0.93 in Q1 2018. Its down 0.06, from 0.99 in 2017Q4. It is 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.

Hudock Group Inc Ltd Co has 0.01% invested in Sprint Corporation (NYSE:S). Cwm Limited, a Nebraska-based fund reported 507 shares. Hap Trading Lc accumulated 0.42% or 1.71M shares. Highlander Mngmt Limited Liability Corporation invested 0% of its portfolio in Sprint Corporation (NYSE:S). Ontario Teachers Pension Plan Board has invested 3.36% in Sprint Corporation (NYSE:S). Walleye Trading Ltd Liability Com accumulated 273,818 shares or 0.01% of the stock. Wealthtrust reported 6,200 shares stake. Nordea Mngmt Ab owns 30,258 shares. Hsbc Public Ltd Llc holds 0% of its portfolio in Sprint Corporation (NYSE:S) for 576,346 shares. Scout Invs stated it has 5.90M shares or 0.69% of all its holdings. Jacobs Levy Equity Mgmt Inc has 0.05% invested in Sprint Corporation (NYSE:S). 2,500 were accumulated by Synovus Fin Corporation. Westpac Bk Corporation holds 0% or 40,429 shares in its portfolio. Fil holds 87,354 shares or 0% of its portfolio. First Advisors L P invested in 0.01% or 1.14M shares.

Since December 13, 2017, it had 6 insider purchases, and 1 sale for $161.57 million activity. SCHIEBER PAUL W JR also sold $827,487 worth of Sprint Corporation (NYSE:S) on Wednesday, December 13. 88,319 Sprint Corporation (NYSE:S) shares with value of $574,074 were sold by SAW JOHN.

Sprint Corp (NYSE:S) Stock Upgrade

In a research report made public this morning, Raymond James upgraded their rating on shares of Sprint Corp (NYSE:S) to a Buy

Sprint Corporation (NYSE:S) Ratings Coverage

Among 12 analysts covering Sprint Corporation (NYSE:S), 0 have Buy rating, 2 Sell and 10 Hold. Therefore 0 are positive. Sprint Corporation has $7 highest and $3 lowest target. $5.05’s average target is -6.13% below currents $5.38 stock price. Sprint Corporation had 17 analyst reports since January 2, 2018 according to SRatingsIntel. As per Monday, February 5, the company rating was upgraded by KeyBanc Capital Markets. The stock of Sprint Corporation (NYSE:S) has “Underperform” rating given on Monday, February 5 by Bank of America. The company was upgraded on Thursday, April 19 by Macquarie Research. RBC Capital Markets maintained Sprint Corporation (NYSE:S) on Monday, February 5 with “Hold” rating. The stock has “Hold” rating by Cowen & Co on Thursday, January 18. The stock has “Underweight” rating by KeyBanc Capital Markets on Tuesday, January 2. The rating was upgraded by Guggenheim to “Neutral” on Monday, April 30. The stock has “Hold” rating by KeyBanc Capital Markets on Friday, February 2. Cowen & Co maintained the shares of S in report on Sunday, February 4 with “Hold” rating. The stock of Sprint Corporation (NYSE:S) has “Hold” rating given on Tuesday, May 1 by Jefferies.

The stock increased 1.32% or $0.07 during the last trading session, reaching $5.38. About 23.96M shares traded or 44.86% up from the average. Sprint Corporation (NYSE:S) has declined 38.18% since June 14, 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 EPS, down 80.00 % or $0.04 from last year’s $0.05 per share. S’s profit will be $40.12M for 134.50 P/E if the $0.01 EPS becomes a reality. After $0.02 actual EPS 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 $21.58 billion. Virgin Islands. It has a 2.97 P/E ratio. The firm operates in two divisions, Wireless and Wireline.

More notable recent Sprint Corporation (NYSE:S) news were published by: Fool.com which released: “Is Sprint Corp. (S) a Buy?” on June 07, 2018, also 247Wallst.com with their article: “The 6 Most Shorted NYSE Stocks” published on June 12, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For June 13, 2018” on June 13, 2018. More interesting news about Sprint Corporation (NYSE:S) were released by: Benzinga.com and their article: “Benzinga Pro’s 5 Stocks To Watch Today” published on June 13, 2018 as well as 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: Applied Materials, Comcast, HUYA, Sprint, Time Warner, Yelp and More” with publication date: June 13, 2018.

Sprint Corporation (NYSE:S) Institutional Positions Chart

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