The stock of Sprint Corp (NYSE:S) is a huge mover today! About 9.60M shares traded hands. Sprint Corp (NYSE:S) has risen 63.22% since March 7, 2016 and is uptrending. It has outperformed by 55.63% the S&P500.
The move comes after 8 months positive chart setup for the $26.58 billion company. It was reported on Oct, 10 by Barchart.com. We have $9.09 PT which if reached, will make NYSE:S worth $9.30 billion more.
Analysts await Sprint Corp (NYSE:S) to report earnings on November, 1. They expect $-0.07 EPS, up 46.15% or $0.06 from last year’s $-0.13 per share. After $-0.06 actual EPS reported by Sprint Corp for the previous quarter, Wall Street now forecasts 16.67% 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. Sprint Nextel Corporation has been the topic of 39 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Tuesday, July 26, the company rating was upgraded by Pacific Crest. Citigroup maintained it with “Neutral” rating and $7 target price in Thursday, September 15 report. The rating was upgraded by Oppenheimer to “Perform” on Wednesday, January 27. The stock of Sprint Corp (NYSE:S) earned “Outperform” rating by Macquarie Research on Tuesday, April 5. Barclays Capital maintained the stock with “Equal Weight” rating in Wednesday, August 5 report. The stock has “Perform” rating given by Oppenheimer on Tuesday, July 26. The firm earned “Neutral” rating on Thursday, October 1 by DA Davidson. Bernstein maintained the shares of S in a report on Wednesday, March 23 with “Market Perform” rating. The stock has “Equal-Weight” rating given by Barclays Capital on Wednesday, September 9. The rating was maintained by Argus Research on Tuesday, July 26 with “Hold”.
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 1.13 in Q2 2016. Its down 0.52, from 1.65 in 2016Q1. The ratio is 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.
Moreover, Blackrock has 0% invested in Sprint Corp (NYSE:S) for 575,982 shares. The Massachusetts-based Boston Private Wealth Limited Co has invested 0.05% in Sprint Corp (NYSE:S). Moreover, Ww Asset Inc has 0% invested in Sprint Corp (NYSE:S) for 18,827 shares. Dnb Asset Mngmt As accumulated 81,220 shares or 0% of the stock. Moreover, Country Club Tru Na has 0.01% invested in Sprint Corp (NYSE:S) for 11,000 shares. Robeco Institutional Asset Bv owns 2,594 shares or 0% of their US portfolio. Alps last reported 0% of its portfolio in the stock. Rhumbline Advisers accumulated 596,112 shares or 0.01% of the stock. Moreover, Mizuho Asset Mgmt Coltd has 0.01% invested in Sprint Corp (NYSE:S) for 14,601 shares. Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Wealthtrust last reported 7,510 shares in the company. First Quadrant Lp Ca reported 30,200 shares or 0% of all its holdings. Cibc Asset Inc accumulated 0.01% or 152,435 shares. Price T Rowe Md has 153,960 shares for 0% of their US portfolio. Citigroup Incorporated owns 3.13 million shares or 0.01% of their US portfolio.
More recent Sprint Corp (NYSE:S) news were published by: Investorplace.com which released: “Why GoPro Inc (GPRO), Sprint Corp (S) and Deutsche Bank AG (USA) (DB) Are 3 of …” on September 20, 2016. Also Cnbc.com published the news titled: “IPhone 7 preorders at Sprint are almost 5 times higher than last year’s 6s” on September 20, 2016. Investorplace.com‘s news article titled: “Sprint Corp Will Break Out Sooner Than Later (S)” with publication date: September 21, 2016 was also an interesting one.
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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