uploads///Telecom Sprint Q Analysts Recommendations

Analyzing Sprint’s Stock Returns

Ambrish Shah - Author

Aug. 18 2020, Updated 5:27 a.m. ET

Analysts’ recommendations

According to data compiled by Reuters, as of May 7, among the 20 analysts tracking Sprint (S) stock, two recommended a “buy,” four recommended a “sell,” and 14 recommended a “hold.”

According to analysts’ consensus, Sprint’s mean target price was $6.24 per share on May 7, which implies an upside potential of ~7.8% over the next 12 months from its current market price of $5.79 per share. The median target price was $6.00 on May 7.

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Sprint has generated returns of 10.5% in the trailing 12-month period and 2.8% in the trailing one-month period. Sprint’s share price has increased 3.8% in the last five trading days. Sprint stock is trading 14.9% above its 52-week low of $5.04 and 12.4% below its 52-week high of $6.61.

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What do the technical indicators say?

Recently, Sprint rose above its 20-day moving average, which signifies a bullish sentiment in the stock. On May 7, Sprint stock closed the trading day at $5.79. Based on this figure, the stock was trading 0.7% above its 20-day moving average of $5.75, 3.0% below its 50-day moving average of $5.97, and 4.0% below its 100-day moving average of $6.03.

Sprint has a 14-day relative strength index score of 51, which suggests that the stock is trading between the overbought and oversold territory.


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