uploads///Telecom Sprint Q Analysts Recommendations

Sprint: Why Most Analysts Have a ‘Hold’ Rating

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Dec. 4 2020, Updated 10:43 a.m. ET

Analysts’ recommendations

Wall Street analysts expect a potential upside of 2.8% for Sprint (S) based on the company’s closing price on March 26. Analysts revised the stock’s target price upward from $5.92 in January to $6.58 in February. Analysts reiterated the target price of $6.58 in March.

Among the 20 analysts covering Sprint, 13 recommended a “hold,” four recommended a “sell,” and three recommended a “buy.”

On March 26, Sprint closed at $6.40, which was 1.8% higher than the previous closing price, 33.1% higher than its 52-week low of $4.81, and 3.3% lower than its 52-week high of $6.62. The company’s market cap is $26.1 billion.

Based on the closing price on March 26, Sprint has reported returns of 0.6% in the last five trading days, 1.0% in the trailing one-month period, and 27.7% in the trailing 12-month period. The company has reported returns of 10.0% year-to-date.

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Revenue and EPS estimates

Analysts expect Sprint’s revenues to see a YoY (year-over-year) change of 1.4% to $8.2 billion in the fourth quarter of fiscal 2018. The fourth quarter ends on March 31. Analysts also expect Sprint to report an adjusted EPS of -$0.01 in the fourth quarter.

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