Media headlines about Sprint (NYSE:S) have trended somewhat positive on Friday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sprint earned a news impact score of 0.15 on Accern’s scale. Accern also gave media stories about the cell phone carrier an impact score of 46.3158924246993 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s analysis:
Several research analysts have issued reports on S shares. Moffett Nathanson reiterated a “sell” rating on shares of Sprint in a research note on Thursday, October 12th. KeyCorp restated a “hold” rating on shares of Sprint in a report on Wednesday, October 11th. ValuEngine cut Sprint from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Macquarie cut Sprint from a “neutral” rating to an “underperform” rating and set a $5.00 price target on the stock. in a report on Tuesday, January 23rd. Finally, Deutsche Bank decreased their price target on Sprint from $8.00 to $7.00 and set a “hold” rating on the stock in a report on Tuesday, October 10th. Eight investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $6.31.
Sprint (S) opened at $5.40 on Friday. The company has a market capitalization of $20,400.00, a P/E ratio of -34.00 and a beta of 0.64. Sprint has a one year low of $4.91 and a one year high of $9.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.03 and a current ratio of 1.10.
In other news, CFO Tarek Robbiati sold 363,529 shares of the business’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 completion of the transaction, the chief financial officer now owns 1,901,974 shares of the company’s stock, valued at approximately $11,411,844. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Group Corp Softbank bought 6,484,367 shares of the stock in a transaction on Tuesday, November 7th. The stock was purchased at an average cost of $5.92 per share, with a total value of $38,387,452.64. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 72,408,783 shares of company stock valued at $421,783,446 and sold 913,236 shares valued at $5,377,413. Insiders own 0.18% of the company’s stock.
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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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