Are Analysts Bearish Sprint Corp (NYSE:S) After Last Week?

Out of 21 analysts covering Sprint Nextel Corporation (NYSE:S), 2 rate it “Buy”, 8 “Sell”, while 19 “Hold”. This means 7% are positive. Sprint Nextel Corporation was the topic in 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Below is a list of Sprint Corp (NYSE:S) latest ratings and price target changes.

27/01/2016 Broker: Citigroup Rating: Old Target: $4.50 New Target: $3.75 Target Down
27/01/2016 Broker: DA Davidson Rating: Neutral Old Target: $4.50 New Target: $4.00 Target Down
27/01/2016 Broker: Oppenheimer Old Rating: Underperform New Rating: Perform Upgrade
23/11/2015 Broker: Barclays Capital Rating: Equal Weight Old Target: $5.00 New Target: $4.00 Target Down
23/11/2015 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $6 New Target: $5 Maintain
06/11/2015 Broker: HSBC Old Rating: Buy New Rating: Hold Downgrade
21/10/2015 Broker: Keefe Bruyette & Woods Old Rating: Outperform New Rating: Mkt Perform Downgrade
16/10/2015 Broker: Nomura Rating: Neutral New Target: $4.00 Initiate
02/10/2015 Broker: Citigroup Rating: Neutral Old Target: $4.00 New Target: $4.50 Target Up
01/10/2015 Broker: DA Davidson Rating: Neutral New Target: $4.50 Initiate

About 2.12M shares traded hands. Sprint Corp (NYSE:S) has declined 9.26% since July 23, 2015 and is downtrending. It has underperformed by 1.93% the S&P500.

Sprint Corporation is a holding company. The company has a market cap of $14.28 billion. The Company, along with its subsidiaries is a wireless communications firm offering a range of wireless and wireline communications services and products. It currently has negative earnings. The Firm operates in two divisions: Wireless and Wireline.

The institutional sentiment increased to 0.88 in Q3 2015. Its up 0.18, from 0.7 in 2015Q2. The ratio improved, as 48 funds sold all Sprint Corp shares owned while 75 reduced positions. 34 funds bought stakes while 74 increased positions. They now own 508.83 million shares or 15.12% less from 599.46 million shares in 2015Q2.

Mig Capital Llc holds 5.23% of its portfolio in Sprint Corp for 5.65 million shares. Litespeed Management L.L.C. owns 9.44 million shares or 4.47% of their US portfolio. Moreover, Nevsky Capital Llp has 3.44% invested in the company for 5.20 million shares. The Hong Kong-based Parametrica Management Ltd has invested 3.01% in the stock. Hoertkorn Richard Charles, a California-based fund reported 742,615 shares.

Since February 27, 2015, the stock had 5 insider purchases, and 0 selling transactions for $260.81 million net activity. Softbank Group Corp bought 14.53 million shares worth $60.60M. Jones Jaime sold 38,879 shares worth $183,548. Wunsch Charles R sold 121,411 shares worth $573,093. Euteneuer Joseph J bought 3,600 shares worth $18,180. The insider Hallock Jeffrey D sold 54,792 shares worth $288,819.

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