Sprint Corp. (S) Reports Q2 EBITDA of $1.39B, Offers Outlook
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November 4, 2014 9:27 AM EST
Goldman Sachs maintained a Neutral rating on Sprint (NYSE: S) and lowered its price target to $5.00 (from $5.75). The change follows Q3 results. Analyst Brett Feldman noted sub trends are improving but he pointed out top and bottom line pressures.
"Sprint reported CY3Q14 results that were weaker than expected across most key metrics (Exhibit 1). However, management noted that postpaid sub trends improved significantly in September and October, indicating that Sprints new... More
November 4, 2014 8:58 AM EST
Macquarie analyst Kevin Smithen is sticking with his Outperform rating on Sprint (NYSE: S) despite disappointing results, saying they were not as bad as they looked. He trimmed his price target to $7.25 (from $7.42).
Smithen commented, "While S shares are likely to be under pressure today... More
November 4, 2014 8:07 AM EST
Jefferies analyst Mike McCormack reiterated an Underperform rating and $4 price target on Sprint (NYSE: S) while cuting estimates following disappointing Q3 results.
McCormack commented, "As we had expected, effecting a turnaround is a costly proposition. 2015 EBITDA guidance is almost 20% lower than consensus forecasts,... More
