Sprint (S) PT Raised to $6 at Nomura
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Sprint Corp. (S) Proved It Can Grow Share And Cut Costs - Macquarie
July 26, 2016 7:59 AM EDTMacquarie analyst, Amy Yong, reiterated her Outperform rating on shares of Sprint (NYSE: S) after financial results proved that management can grow share AND simultaneously cut costs. She is modeling FY16 revenue/EBITDA of ~US$32.5bn/~US$10bn in line with managements guidance driven by: 173k postpaid... More
Sprint (S) PT Raised to $5.50 at UBS
July 26, 2016 7:48 AM EDTUBS analyst John Hodulik raised his price target on Sprint (NYSE: S) to $5.50 (from $4.00) but maintained a Neutral rating following results.
Hodulik commented, "F1Q results suggest that management's "low-spend" turnaround strategy is working. We believe this, combined with the stock's high short... More
Sprint Corp. (S): Can You Hear Me Now? Sprint's Catching Up - FBR
July 26, 2016 7:47 AM EDTFBR Capital analyst, David Dixon, reiterated his Outperform rating on shares of Sprint (NYSE: S) and raised his price target to $7.00. Sprint's fiscal 1Q results were a standout, showing accelerating momentum in its continuing turnaround while providing better-than-expected adjusted free cash flow guidance. Adjusted EBITDA of $2.5B were 4.6%... More
Sprint Corp. (S) Sees Sharp Gains Following Q1 Results
July 25, 2016 10:13 AM EDTSprint Corp. (NYSE: S) is sharply higher following results this morning. Shares are up 17.3% to $5.42.
... MoreSprint Corp. (S) Announces Q1 Results; Reports 173k Postpaid Net Sub Adds
July 25, 2016 7:35 AM EDTSprint Corporation (NYSE: S) reported operating results for the first quarter of fiscal year 2016, including the lowest postpaid phone churn in company history at 1.39 percent and a total liquidity position of nearly $11 billion. The company also reported total net operating revenues of $8 billion, net loss of $302 million, operating income of $361 million, and Adjusted EBITDA* of $2.5 billion.
We had another quarter of solid progress in our turnaround with the highest first quarter postpaid phone net additions in nine years1, the lowest postpaid phone churn in company history, and finally being postpaid net port... More
