Sprint Corp (S) Given Consensus Rating of "Hold" by Brokerages

Sprint Corp (NYSE:S) major shareholder Group Corp Softbank bought 2,563,780 shares of the business's stock in a transaction on Friday, December 22nd. The stock was purchased at an average price of $5.68 per share, with a total value of $18,352,744.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Following the completion of the transaction, the insider now owns 1,165,158 shares in the company, valued at approximately $6,653,052.18.

On Tuesday, January 9th, Group Corp Softbank acquired 5,348,176 shares of Sprint stock. The transaction's shares have a market value of exactly $35.57 million Dollars.

On Thursday, January 11th, Group Corp Softbank acquired 6,239,538 shares of Sprint stock.

On Friday, January 5th, Group Corp Softbank acquired 5,161,418 shares of Sprint stock. The stock was purchased at an average price of $5.92 per share, with a total value of $12,444,739.84.

On Friday, December 29th, Group Corp Softbank purchased 4,243,452 shares of Sprint stock. The shares were acquired at an average price of $5.96 per share, for a total transaction of $25,635,044.72.

On Wednesday, January 3rd, Group Corp Softbank acquired 4,301,182 shares of Sprint stock. The stock was bought at an average price of $5.82 per share, with a total value of $31,126,384.32.

On Wednesday, December 20th, Group Corp Softbank purchased 5,095,549 shares of Sprint stock. Macquarie restated an outperform rating and set a $8.00 price target (up previously from $7.00) on shares of Sprint Corporation in a research report on Thursday, October 13th.

On Thursday, December 14th, Group Corp Softbank bought 3,231,117 shares of Sprint stock. The shares were purchased at an average cost of $5.64 per share, for a total transaction of $28,738,896.36.

On Monday, December 4th, Group Corp Softbank acquired 1,045,040 shares of Sprint stock. The shares were purchased at an average cost of $5.60 per share, for a total transaction of $28,221,071.20.

Shares of Sprint Corp (NYSE:S) traded up $0.07 during trading on Friday, reaching $5.69. Sprint Corporation has a 12-month low of $2.45 and a 12-month high of $9.65. The company operates in the Communication Services sector with a market capitalization of 22.09 Million.

Among 26 analysts covering Sprint Nextel Corporation (NYSE:S), 4 have Buy rating, 6 Sell and 16 Hold. The cell phone carrier reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.04. The firm had revenue of $7.93 billion for the quarter, compared to analyst estimates of $8.05 billion. Sprint had a negative net margin of 1.82% and a negative return on equity of 3.19%. The Illinois-based Hightower Advsrs Limited Liability Company has invested 0% in Sprint Corporation (NYSE:S). During the same period in the previous year, the company posted ($0.04) earnings per share. equities analysts predict that Sprint will post -0.02 EPS for the current year. BTIG Research maintained the stock with "Sell" rating in Wednesday, October 18 report. Zacks Investment Research raised Sprint from a hold rating to a buy rating and set a $8.50 price objective on the stock in a report on Tuesday, October 3rd. Sprint now has a consensus rating of "Hold" and a consensus price target of $6.72. Finally, TheStreet lowered Sprint from a "c-" rating to a "d+" rating in a report on Tuesday, December 19th. Moreover, Ontario Teachers Pension Plan Board has 4.75% invested in Sprint Corporation (NYSE:S) for 46.08M shares. The firm earned "Hold" rating on Wednesday, December 6 by SunTrust.

Institutional investors have recently modified their holdings of the stock. Commerce Bank bought a new position in shares of Sprint during the 3rd quarter worth $100,000. Capital Bank & Trust Co now owns 21,625 shares of the cell phone carrier's stock worth $168,000 after acquiring an additional 21,427 shares during the period. Bank of New York Mellon Corp boosted its stake in Sprint by 1.5% during the third quarter. Ltd. lifted its holdings in shares of Sprint by 1,182.2% in the 3rd quarter. Janney Montgomery Scott LLC bought a new position in Sprint during the second quarter worth about $125,000. FMR LLC now owns 3,835,837 shares of the cell phone carrier's stock worth $31,492,000 after buying an additional 115,192 shares during the period. Hedge funds and other institutional investors own 13.74% of the company's stock.

ILLEGAL ACTIVITY NOTICE: "Sprint Corp (S) Given Consensus Rating of "Hold" by Brokerages" was reported by BBNS and is the property of of BBNS. If you are reading this report on another site, it was stolen and republished in violation of U.S. & global trademark & copyright law. Sprint Nextel Corporation had 71 analyst reports since July 24, 2015 according to SRatingsIntel. The Company, along with its subsidiaries, is a communications company offering a range of wireless and wireline communications products and services that are created to meet the needs of consumers, businesses, government subscribers and resellers.