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Sprint (NYSE:S) target price raised to $8.00, reported today by FBR & Co.

Sprint (NYSE:S) had its price target upped to $8.00 by FBR & Co. in an issued report issued 10/19/2016. The upped price target implies a potential upside of 0.17% from the company's last stock close price.

Previously on 10/13/2016, Macquarie reported about Sprint (NYSE:S) raised the target price from $7.00 to $8.00. At the time, this indicated a possible upside of 0.18%.

Yesterday Sprint (NYSE:S) traded -0.87% lower at $6.86. The company’s 50-day moving average is $6.60 and its 200-day moving average is $4.98. The last stock close price is up 37.76% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 46,109,986 shares of the stock were exchanged, up from an average trading volume of 22,428,600

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Sprint (NYSE:S)

Sprint has a 52 week low of $2.18 and a 52 week high of $7.16 Sprint’s market capitalization is currently $0.

In addition to FBR & Co. reporting its stock price target, a total of 21 brokerages have issued a ratings update on the company. The average stock price target is $7.28 with 2 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 19 brokers rating the stock a hold, 4 brokers rating the stock a underperform, and finally 4 brokers rating the stock a sell.

General Information 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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