Price Change to Note: Is Buying Sprint Corp Here a Winning Strategy?

Price Change to Note: Is Buying Sprint Corp Here a Winning Strategy?

The stock of Sprint Corp (NYSE:S) is a huge mover today! About 5.27 million shares traded hands. Sprint Corp (NYSE:S) has risen 113.59% since April 26, 2016 and is uptrending. It has outperformed by 108.33% the S&P500.
The move comes after 8 months positive chart setup for the $31.53 billion company. It was reported on Nov, 29 by Barchart.com. We have $8.35 PT which if reached, will make NYSE:S worth $1.58B more.

Analysts await Sprint Corp (NYSE:S) to report earnings on January, 24. They expect $-0.07 EPS, up 66.67% or $0.14 from last year’s $-0.21 per share. After $-0.04 actual EPS 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. Sprint Nextel Corporation has been the topic of 41 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Tuesday, July 26 the stock rating was maintained by Argus Research with “Hold”. The rating was maintained by RBC Capital Markets on Monday, November 23 with “Sector Perform”. The stock has “Outperform” rating given by FBR Capital on Thursday, August 6. Vetr upgraded Sprint Corp (NYSE:S) on Monday, September 21 to “Strong-Buy” rating. As per Wednesday, October 19, the company rating was maintained by FBR Capital. HSBC downgraded the shares of S in a report on Friday, November 6 to “Hold” rating. The rating was maintained by Canaccord Genuity on Wednesday, August 5 with “Hold”. On Wednesday, August 5 the stock rating was maintained by Cowen & Co with “Market Perform”. Zacks upgraded the shares of S in a report on Sunday, August 9 to “Hold” rating. Barclays Capital maintained it with “Equal-Weight” rating and $5 target price in Wednesday, September 9 report.

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 dived, 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.
Bnp Paribas Arbitrage reported 118,206 shares or 0% of all its holdings. Geode Cap Mngmt Limited Liability holds 0.01% or 4.97 million shares in its portfolio. Massmutual Trust Com Fsb Adv holds 43 shares or 0% of its portfolio. Park Corp Oh has 32,887 shares for 0.01% of their US portfolio. Fmr has 0% invested in the company for 5.24 million shares. First Eagle Investment Mngmt Lc last reported 0% of its portfolio in the stock. Moreover, Rhumbline Advisers has 0.01% invested in Sprint Corp (NYSE:S) for 596,112 shares. Hartford Investment accumulated 16,188 shares or 0% of the stock. Ibm Retirement Fund accumulated 89,730 shares or 0.02% of the stock. Savings Bank Of Montreal Can accumulated 5.50 million shares or 0.03% of the stock. Ls Investment Advsr Limited Liability Corporation has 26,351 shares for 0.01% of their US portfolio. Swiss Bancorporation accumulated 0.02% or 2.23 million shares. State Common Retirement Fund holds 0.01% or 2.18 million shares in its portfolio. Lpl Fincl Limited Co has 15,455 shares for 0% of their US portfolio. Moreover, Deutsche Financial Bank Ag has 0.01% invested in Sprint Corp (NYSE:S) for 1.69 million shares.

Insider Transactions: Since November 14, 2016, the stock had 0 insider purchases, and 2 insider sales for $761,160 net activity. On Wednesday, November 16 SOLE-RAFOLS ROGER sold $375,455 worth of the stock or 49,844 shares. 52,375 shares were sold by SCHIEBER PAUL W JR, worth $385,705.

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).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment