The carrier is now offering people the chance to switch their plans over to Sprint and pay half of what they were paying with other carriers. Wells Fargo reissued an “outperform” rating on shares of Sprint Corp in a report on Tuesday, August 4th. The company has a market cap of $15,840 million and the number of outstanding shares have been calculated to be 3,969,872,000 shares. Moffett Nathanson reissued a “sell” rating on shares of Sprint Corp in a research report on Friday, October 9th. Jefferies Group lowered their price objective on Sprint Corp from $4.00 to $3.00 and set an “underperform” rating on the stock in a research report on Thursday, July 23rd.
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Sprint Corp (NYSE:S) last released its earnings results on Tuesday, November 3rd.
The truly basic phone plans start at just $15 per month for 300 voice minutes, text or multimedia messages plus unlimited mobile web, keep in mind that these plans cannot be chosen with a smartphone. The company earned $7.98 billion during the quarter, compared to the consensus estimate of $8.49 billion.
Of note, the report revealed findings around users’ intent to switch telecom services (AT&T, Sprint or Verizon), generally peaking around brands’ major offers and campaigns. In the current year, it is in the midst of a $2.5 billion cost-cutting program. Finally, Barclays increased their price target on Sprint Corp from $4.00 to $5.00 and gave the stock an equal weight rating in a report on Wednesday, September 9th.
Company shares have received an average consensus rating of Hold for the current week Many analysts have commented on the company rating. The shares were purchased at an average cost of $4.70 per share, with a total value of $100,240,603.60. The higher price target estimate for the stock has been calculated at $7 while the lower price target estimate is at $3. HSBC downgrades its rating on Sprint Corporation (NYSE:S). The Company, along with its subsidiary companies is a wireless communications firm offering a wide selection of wireline and wireless communications products. Its services are supplied through its ownership of wireless networks, an all-digital global wireline network as well as a Tier 1 Internet backbone.
Then there’s the fact that AT&T and T-Mobile users will not be able to roll over data any longer, as Sprint does not have that feature.
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“Customers have 28 days to experience Sprint service”. It promotes its postpaid services. Additionally, it sells accessories, including carrying cases, and it sells accessories and devices for resale to other third-party providers and brokers and hands free devices.
