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Sprint (NYSE:S) target price raised to $8.00, issued a report today by Macquarie

Yesterday Sprint (NYSE:S) traded -1.77% lower at $6.78. S’s 50-day average is $6.53 and its two hundred day average is $4.88. With the last stock price close up 36.48% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 5,514,834 shares of S changing hands under the typical 21,767,600

Sprint (NYSE:S) had its target price raised to $8.00 by Macquarie in a report released 10/13/2016. The new target price indicates a possible upside of 0.18% based on the company's last closing price.

Previously on 9/20/2016, Barclays Capital reported on Sprint (NYSE:S) raised the target price from $5.00 to $6.00. At the time, this indicated a possible downside of -0.03%.

See Chart Below

Sprint (NYSE:S)

Sprint has a 52 week low of $2.18 and a 52 week high of $7.03 The company’s market cap is currently $0.

Also covering Sprint's price target, a total of 21 analysts have released a report on Sprint. The 12-month price target is $7.28 with two analysts rating the company a strong buy, zero analysts rating the company a buy, nineteen equity analysts rating the company a hold, four equity analysts rating the company a underperform, and lastly four equity analysts rating the company a sell.

More 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, Virgin Mobile and Assurance Wireless on its wireless networks utilizing various technologies.

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