Somewhat Favorable News Coverage Somewhat Unlikely to Affect Sprint (NYSE:S) Stock Price

Headlines about Sprint (NYSE:S) have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. 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 daily sentiment score of 0.06 on Accern’s scale. Accern also gave headlines about the cell phone carrier an impact score of 45.718150633671 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news headlines that may have effected Accern Sentiment’s scoring:

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A number of brokerages recently weighed in on S. KeyCorp set a $5.00 price objective on shares of Sprint and gave the company an “underweight” rating in a report on Tuesday, January 2nd. TheStreet cut shares of Sprint from a “c-” rating to a “d+” rating in a report on Tuesday, December 19th. Deutsche Bank dropped their price objective on shares of Sprint to $5.50 and set a “hold” rating for the company in a report on Monday, December 11th. Macquarie cut shares of Sprint from a “neutral” rating to an “underperform” rating and set a $5.00 price target for the company. in a report on Tuesday, January 23rd. Finally, ValuEngine cut shares of Sprint from a “sell” rating to a “strong sell” rating in a report on Wednesday. Ten analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. Sprint has an average rating of “Hold” and an average price target of $6.02.

Shares of S stock traded down $0.02 during mid-day trading on Friday, reaching $5.15. 8,814,790 shares of the company were exchanged, compared to its average volume of 10,773,889. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.92 and a quick ratio of 0.83. Sprint has a fifty-two week low of $4.81 and a fifty-two week high of $9.22.

Sprint (NYSE:S) last released its quarterly earnings data on Friday, February 2nd. The cell phone carrier reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The firm had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $8.19 billion. Sprint had a net margin of 21.41% and a negative return on equity of 0.94%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.46) earnings per share. equities analysts anticipate that Sprint will post -0.01 earnings per share for the current fiscal year.

In other news, major shareholder Group Corp Softbank purchased 5,348,176 shares of Sprint stock in a transaction dated Tuesday, January 9th. The stock was bought at an average price of $5.82 per share, with a total value of $31,126,384.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have bought 17,736,804 shares of company stock valued at $101,618,582. Corporate 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.

Insider Buying and Selling by Quarter for Sprint (NYSE:S)

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