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Here’s What Analysts Recommend for Sprint in June

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Jun. 5 2019, Published 12:04 p.m. ET

Analyst recommendations

According to the data compiled by Reuters, as of June 3, among the 20 analysts following Sprint (S) stock, two recommended a “buy,” three recommended a “sell,” and 15 recommended a “hold.”

According to Wall Street analysts’ consensus, Sprint’s mean target price was $6.22 per share on June 3, which implies a downside potential of ~8.3% over the next 12 months from its current market price of $6.78 per share. The median target price was $6.00 on June 3.

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Sprint has generated returns of 30.4% in the trailing-12-month period and 16.9% in the trailing-one-month period. Sprint’s share price has decreased by 5.3% in the last five trading days. By comparison, T-Mobile (TMUS) and AT&T (T) have generated returns of -4.0% and -3.7%, respectively, in the last five trading days.

Bollinger Band

In the June 3 trading session, Sprint stock closed at $6.78, which is near its Bollinger Band mid-range level of $6.54. Sprint stock isn’t overbought or oversold.

Analyst recommendations for peers

About 86% of the 22 analysts tracking T-Mobile have recommended a “buy,” and 50% of the 30 analysts tracking AT&T have recommended a “buy.”

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