uploads///Telecom Recommendations for Sprint

Wall Street’s Take on Sprint as of March 11, 2016

Ray Sheffer - Author

Aug. 18 2020, Updated 5:17 a.m. ET

Price performance of Sprint and some peers

Elsewhere in this series, we look at Sprint’s (S) value proposition among major US wireless players and note that Sprint’s forward EV-to-EBITDA (enterprise value to earnings before interest, taxes, depreciation, and amortization) multiple was higher than that of T-Mobile (TMUS) as of March 11, 2016. But T-Mobile had the lowest figure in this metric among the top four US wireless players, including AT&T (T) and Verizon (VZ). Now let’s look at other select market-based views and metrics of Sprint, starting with the price performance of the company’s stock.

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The stock price movements of Sprint during the one-month and three-month periods were in the positive territory as of as of March 11, 2016. In the past three-month period, the stock’s price has increased by ~5.4%, and Sprint’s price movement has seen a significant ~39.5% movement in the past month as of the same date.

Wall Street’s view of Sprint

As of March 11, analyst recommendations for Sprint’s stock came in at ~66.7% “hold.” The proportion of “buy” recommendations was about 10%, and the remaining ~23.3% of these analysts have issued “sell” recommendations. The median target price for Sprint was ~$3.5 as of the same date, when the stock’s closing price was $3.71.

For diversified exposure to telecom companies in the US, you might consider investing in the SPDR S&P 500 ETF (SPY), which had ~2.4% of its total holdings in US telecom players at the end of December 2015.


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