Sprint (S) Raised to Buy at ValuEngine

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Sprint (NYSE:S) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Tuesday, December 18th.

Separately, Zacks Investment Research cut Sprint from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $5.70.

NYSE S traded up $0.09 during trading hours on Tuesday, hitting $6.37. The company’s stock had a trading volume of 13,963,332 shares, compared to its average volume of 10,910,925. Sprint has a 12 month low of $4.81 and a 12 month high of $6.62. The company has a market capitalization of $25.06 billion, a price-to-earnings ratio of 91.00, a PEG ratio of 5.12 and a beta of 0.64. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.05 and a current ratio of 1.12.

Sprint (NYSE:S) last released its quarterly earnings data on Wednesday, October 31st. The cell phone carrier reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.06. Sprint had a return on equity of 1.36% and a net margin of 23.12%. The company had revenue of $8.43 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period last year, the company earned ($0.01) EPS. Sprint’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts predict that Sprint will post 0.06 earnings per share for the current fiscal year.

In other Sprint news, insider Jorge Enrique Gracia sold 129,652 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $6.38, for a total value of $827,179.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ronald D. Fisher sold 327,525 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $6.20, for a total value of $2,030,655.00. Following the completion of the transaction, the director now directly owns 2,419,275 shares in the company, valued at approximately $14,999,505. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in S. Korea Investment CORP bought a new position in shares of Sprint during the 2nd quarter worth $2,041,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Sprint during the 2nd quarter worth $808,000. IndexIQ Advisors LLC lifted its stake in shares of Sprint by 8.0% during the 3rd quarter. IndexIQ Advisors LLC now owns 1,912,738 shares of the cell phone carrier’s stock worth $12,509,000 after purchasing an additional 141,307 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Sprint by 15.4% during the 3rd quarter. Panagora Asset Management Inc. now owns 508,499 shares of the cell phone carrier’s stock worth $3,326,000 after purchasing an additional 67,915 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sprint during the 3rd quarter worth $1,277,000. 12.95% of the stock is currently owned by institutional investors.

About Sprint

Sprint Corporation, together with its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. It operates in two segments, Wireless and Wireline.

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