Economy

A Good Time to Consider Sprint Corporation (S), Sunrun Inc. (RUN)

A Good Time to Consider Sprint Corporation (S), Sunrun Inc. (RUN)

Sprint Corporation (S) knifed -4.58 percent lower and now trades for $5.63. The firm now has a "hold" rating on the cell phone carrier's stock. Deutsche Bank reduced their target price on shares of Sprint from $8.00 to $7.00 and set a "hold" rating on the stock in a research note on Tuesday, October 10th.

Several other research analysts have also recently weighed in on the company. Macquarie restated a "hold" rating and set a $8.00 target price on shares of Sprint in a report on Thursday, October 26th. Jefferies maintained the shares of S in report on Tuesday, November 7 with "Underperform" rating. Oppenheimer maintained the shares of S in report on Thursday, August 10 with "Hold" rating. KeyCorp lowered Sprint from a "sector weight" rating to an "underweight" rating and set a $5.50 price objective for the company.in a research note on Monday, November 6th. Wells Fargo & Co reiterated an "outperform" rating on shares of Sprint Corp in a research report on Tuesday, January 31st.

In terms of Buy, Sell or Hold recommendations, Sprint Corporation (NYSE:S) has analysts' mean recommendation of 2.7. There are brokerage firms with lower targets than the average, including one setting a price target of $2.6. Moreover, Tower Rech Capital Lc (Trc) has 0% invested in Sprint Corporation (NYSE:S) for 5,114 shares.

On the other hand the company has Relative Strength Index (RSI 14) of 39.81 along with Average True Range (ATR 14) of 0.17, Consequently Sprint Corporation (NYSE:S)'s weekly and monthly volatility is 3.09%, 3.03% respectively. Current price places the company's stock -26.32% away from its 200-day simple moving average, -6.89%, away from the 50-day average and also -0.83% away from 20-day average. Sprint Corp has a 1-year low of $3.12 and a 1-year high of $9.65.

Previously Sprint Corporation (NYSE:S) reported $-0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.33 by $0.12. The cell phone carrier reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by $0.04.

More news: Needle Moving Activity Spotted in Boston Scientific Corporation (NYSE:BSX)

Sprint Corporation (NYSE:S) 52-week high price stands at $9.65 and low price stands at $5.42, its price distance from 52-week high is -41.66% while its distance from 52-week low price is 3.87%.

Sprint Corporation (NYSE:S)'s revenue estimates for the current quarter are $8.69 Billion according to 21 number of analysts, for the current quarter the company has high revenue estimates of $8.84 Billion in contradiction of low revenue estimates of $8.46 Billion. During the same period in the prior year, the company earned ($0.04) earnings per share.

According to analysts Sprint Corporation (NYSE:S)'s minimum EPS for the current quarter is at $0 and can go high up to $0. The firm owned 30,923,730 shares of the company's stock after buying an additional 310,828 shares during the period. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

On Wednesday, December 27th, Group Corp Softbank bought 4,282,600 shares of Sprint stock. The stock was sold at an average price of $5.74, for a total transaction of $826,795.34. Following the completion of the sale, the vice president now directly owns 204,168 shares of the company's stock, valued at approximately $1,171,924.32. The stock was purchased at an average price of $5.64 per share, with a total value of $28,738,896.36.

According to Finviz reported data, The SMA20 of the stock is at -0.83 percent, SMA50 is -6.89 percent, while SMA200 is -26.32 percent. Naya Capital Management UK Ltd. now owns 2,423,100 shares of the cell phone carrier's stock valued at $19,894,000 after purchasing an additional 973,100 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Sprint by 8.7% in the second quarter. Primecap Management Co Ca holds 0.24% in Sprint Corporation (NYSE:S) or 36.57M shares. Swiss National Bank now owns 2,905,351 shares of the cell phone carrier's stock worth $23,853,000 after acquiring an additional 83,900 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Sprint by 753.3% in the 2nd quarter. Institutional investors own 13.74% of the company's stock.


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