Canaccord Genuity Maintains a 'Hold' on Sprint (S); Not Calling It A Victory Just Yet
Tweet
Share
E-mailGet Alerts S Hot Sheet
Price: $23.11 -3.06%
Rating Summary:
24 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
24 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Canaccord Genuity maintains a 'Hold' on Sprint (NYSE: S) price target raised to $3.80.
Analyst, Greg Miller, said, "Despite significant progress in its long overdue network reconstruction progress and a significant turn-around in its communications with the Street, we continue to rate Sprint with a HOLD while we await further progress on its network reconstruction initiative. Over the past seven years, all too often have investors thought we had reached an inflection point on earnings only to be disappointed in the subsequent quarter. Given that the easiest part of the vision process is decommissioning underutilized iDEN sites (20mm user network with 4.4mm on it), we cannot yet call victory on the network reconstruction process."
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 $4.05 yesterday.
Analyst, Greg Miller, said, "Despite significant progress in its long overdue network reconstruction progress and a significant turn-around in its communications with the Street, we continue to rate Sprint with a HOLD while we await further progress on its network reconstruction initiative. Over the past seven years, all too often have investors thought we had reached an inflection point on earnings only to be disappointed in the subsequent quarter. Given that the easiest part of the vision process is decommissioning underutilized iDEN sites (20mm user network with 4.4mm on it), we cannot yet call victory on the network reconstruction process."
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 $4.05 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- Pro Diversity Network (IPDN) Reports Q2 Loss of $0.15
- UBS Reiterates Buy Rating on NVIDIA (NVDA), Expects Q2 Revenue Beat
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Earnings, Canaccord GenuitySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
