Somewhat Positive Media Coverage Somewhat Unlikely to Impact Sprint (S) Stock Price

News coverage about Sprint (NYSE:S) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sprint earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the cell phone carrier an impact score of 45.5717251504066 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

A number of analysts have recently issued reports on S shares. Oppenheimer reaffirmed a “hold” rating on shares of Sprint in a research report on Wednesday, September 20th. Zacks Investment Research raised Sprint from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Tuesday, October 3rd. KeyCorp cut Sprint from a “sector weight” rating to an “underweight” rating and set a $5.50 price objective for the company. in a research report on Monday, November 6th. UBS Group reaffirmed a “buy” rating and issued a $7.50 price objective (down from $9.00) on shares of Sprint in a research report on Monday, November 6th. Finally, Deutsche Bank cut their price objective on Sprint to $5.50 and set a “hold” rating for the company in a research report on Monday, December 11th. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. Sprint has an average rating of “Hold” and an average price target of $6.84.

Sprint (S) traded up $0.07 during trading hours on Friday, reaching $5.91. The company had a trading volume of 10,618,600 shares, compared to its average volume of 15,313,338. The firm has a market cap of $23,700.00, a PE ratio of -39.40 and a beta of 0.79. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.03 and a current ratio of 1.10. Sprint has a 1-year low of $5.42 and a 1-year high of $9.65.

Sprint (NYSE:S) last released its quarterly earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The business had revenue of $7.93 billion during the quarter, compared to analysts’ expectations of $8.05 billion. Sprint had a negative return on equity of 3.19% and a negative net margin of 1.82%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.04) EPS. equities research analysts predict that Sprint will post -0.02 earnings per share for the current fiscal year.

In other Sprint news, CFO Tarek Robbiati sold 363,529 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $6.00, for a total transaction of $2,181,174.00. Following the transaction, the chief financial officer now owns 1,901,974 shares in the company, valued at approximately $11,411,844. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jorge Enrique Gracia sold 112,959 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $6.18, for a total value of $698,086.62. Following the transaction, the insider now owns 858,383 shares in the company, valued at approximately $5,304,806.94. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 38,863,775 shares of company stock valued at $227,562,120 and have sold 913,236 shares valued at $5,377,413. Company insiders own 0.18% of the company’s stock.

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About Sprint

Sprint Corporation (Sprint) is a holding company. The Company, along with its subsidiaries, is a communications company offering a range of wireless and wireline communications products and services that are designed to meet the needs of consumers, businesses, government subscribers and resellers. It operates through two segments: Wireless and Wireline.

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