Deutsche Bank AG Reaffirms Hold Rating for Sprint Corporation (S)

Deutsche Bank AG Reaffirms Hold Rating for Sprint Corporation (S)

Sprint Corporation (NYSE:S)‘s stock had its “hold” rating reissued by stock analysts at Deutsche Bank AG in a research note issued to investors on Friday. They presently have a $6.00 price objective on the cell phone carrier’s stock. Deutsche Bank AG’s target price points to a potential downside of 34.92% from the company’s previous close.

S has been the subject of several other research reports. Macquarie reissued a “buy” rating and set a $10.25 price objective on shares of Sprint Corporation in a research report on Sunday, January 22nd. Wells Fargo & Company downgraded shares of Sprint Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday. Nomura reissued a “neutral” rating and set a $8.00 price objective (up previously from $6.00) on shares of Sprint Corporation in a research report on Friday, December 16th. RBC Capital Markets reissued a “hold” rating and set a $6.00 price objective on shares of Sprint Corporation in a research report on Tuesday, January 3rd. Finally, BTIG Research reissued a “sell” rating and set a $2.50 price objective on shares of Sprint Corporation in a research report on Wednesday, December 21st. Ten research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $5.07.

Sprint Corporation (NYSE:S) traded down 2.23% during midday trading on Friday, hitting $9.22. 14,006,823 shares of the company traded hands. The stock’s 50-day moving average is $8.66 and its 200-day moving average is $7.00. Sprint Corporation has a 12-month low of $2.45 and a 12-month high of $9.48. The firm’s market capitalization is $36.71 billion.

In other news, insider Roger Sole-Rafols sold 49,844 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $7.53, for a total value of $375,325.32. Following the sale, the insider now directly owns 1,516,241 shares in the company, valued at approximately $11,417,294.73. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Paul W. Schieber, Jr. sold 52,375 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $7.36, for a total transaction of $385,480.00. Following the completion of the sale, the vice president now owns 205,808 shares in the company, valued at $1,514,746.88. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Several large investors have recently bought and sold shares of S. Alps Advisors Inc. increased its stake in Sprint Corporation by 169.5% in the second quarter. Alps Advisors Inc. now owns 30,795 shares of the cell phone carrier’s stock worth $140,000 after buying an additional 19,369 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Sprint Corporation by 3.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 51,809 shares of the cell phone carrier’s stock worth $234,000 after buying an additional 1,878 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Sprint Corporation by 1.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,146,632 shares of the cell phone carrier’s stock worth $9,724,000 after buying an additional 39,804 shares during the last quarter. Boston Private Wealth LLC increased its stake in Sprint Corporation by 6.3% in the second quarter. Boston Private Wealth LLC now owns 269,000 shares of the cell phone carrier’s stock worth $1,219,000 after buying an additional 16,000 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in Sprint Corporation during the second quarter worth $520,000. Institutional investors own 14.61% of the company’s stock.

Sprint Corporation Company Profile

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.

Related posts

Leave a Comment