Barclays covered Sprint (NYSE:S), boosting its stock price target to $6.00 earlier today
- Updated: September 20, 2016
In a report released on 9/20/2016 Barclays increased the target price of Sprint (NYSE:S) from $5 to $6 reporting a possible downside of -0.10%.
Previously on Thursday September 15 2016, Citigroup reported about Sprint(NYSE:S) raised the target price from $6.00 to $7.00. At the time, this suggested an upside of 0.08%.
Only yesterday Sprint (NYSE:S) traded 4.29% lower at $6.65. The company’s 50-day average is $6.28 and its 200-day moving average is $4.52. The last close is up 40.69% from the two hundred day average, compared with the S&P 500 which has decreased -0.01% over the same time period. 34,125,679 shares of S traded hands, up from ann avg. trading volume of 22,425,600.
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With a market cap of $0.0, Sprint has a one-year low of $2.18 and a 52 week high of $7.03 with a PE ratio of 0.
Also covering Sprint’s stock price target, a total of 21 brokerages have released a research note on S. The one year target price is $7.28 with two analysts rating the company a strong buy, 0 rating the company a buy, 19 firms rating the stock a hold, four analysts rating the company to underperform, and finally four brokeragesrating the stock as sell.
Brief Synopsis About Sprint (NYSE:S)
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. The Company offers wireless services on a postpaid and prepaid payment basis to retail subscribers and also on a wholesale basis. The Wireline segment provides voice, data and Internet Protocol (IP) communication services to its Wireless segment. The Company offers wireless and wireline services to subscribers in approximately 50 states, Puerto Rico, and the United States Virgin Islands under the Sprint corporate brand, which includes its retail brands of Sprint, Boost Mobile, and Virgin Mobile and Assurance Wireless on its wireless networks utilizing various technologies.
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