Cowen & Co. Keeps Their Hold Rating on Sprint Corp (S)

By Ryan Adsit

Cowen & Co. analyst Colby Synesael maintained a Hold rating on Sprint Corp (SResearch Report) on February 1 and set a price target of $4.50. The company’s shares closed on Friday at $6.22.

According to TipRanks.com, Synesael is a top 100 analyst with an average return of 15.1% and a 77.8% success rate. Synesael covers the Technology sector, focusing on stocks such as Zayo Group Holdings, GDS Holdings Ltd, and T Mobile US.

Sprint Corp has an analyst consensus of Moderate Sell, with a price target consensus of $4.75.

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Based on Sprint Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.6 billion and GAAP net loss of $141 million. In comparison, last year the company earned revenue of $8.24 billion and had a net profit of $7.16 billion.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock.

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Sprint Corp. provides wireless and wired telecommunications services. The company operates through two segments: Wireless and Wireline. The Wireless segment offers wireless services on a postpaid and prepaid payment basis to retail subscribers and also on a wholesale and affiliate basis, which includes the sale of wireless services.