Sprint Corp. (S): Now The Hard Part Begins - Macquarie

September 22, 2016 8:38 AM EDT
Get Alerts S Hot Sheet
Price: $8.73 +0.92%

Rating Summary:
    8 Buy, 26 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
Trade S Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

Macquarie analyst, Amy Yong, reiterated her Outperform rating on shares of Sprint (NYSE: S) along with the price target of $7. The analyst noted that the first two years into the five-year plan were largely successful, marked by improved liquidity, a new regional sales structure, and a stabilized customer base. However, she also believes that the next three years will be a grind although there are signs of operational momentum, which underpins her 5.75x multiple target.

The analyst noted that the one-two punch of Unlimited Freedom that began August 26th and the iPhone 7 will likely put Sprint in a net port positive position. The analyst believes that Sprint's iPhone Forever initiative is clearly working, minimizing churn. Meanwhile, Unlimited Freedom is attracting both single and sticky multi-line plans, driving average lines per account higher.

For an analyst ratings summary and ratings history on Sprint click here. For more ratings news on Sprint click here.

Shares of Sprint closed at $6.36 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments

Add Your Comment