Barclays Keeps Their Hold Rating on Sprint Corp (S)

By Ryan Adsit

In a report released yesterday, Kannan Venkateshwar from Barclays maintained a Hold rating on Sprint Corp (SResearch Report), with a price target of $6.00. The company’s shares closed last Monday at $6.35.

According to TipRanks.com, Venkateshwar is a 3-star analyst with an average return of 1.7% and a 52.4% success rate. Venkateshwar covers the Services sector, focusing on stocks such as Charter Communications, Clear Channel Outdoor, and Altice Usa Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sprint Corp with a $8.00 average price target, representing a 25.6% upside. In a report released yesterday, Wells Fargo also reiterated a Hold rating on the stock.

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The company has a one-year high of $8.06 and a one-year low of $5.44. Currently, Sprint Corp has an average volume of 15.71M.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of S in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Sprint Corp. is a holding company which engages in the provision of telecommunications services. The company operates through the Wireless and Wireline segments. The Wireless segment offers a variety of wireless voice and data transmission services, devices and accessories, and equipment rentals from devices leased to customers.