Strength Seen in Sprint Corporation (S): Stock Rises 8.2%

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Sprint Corporation (SAnalyst Report) was a big mover last session, as the company saw its shares rise over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the as the stock is now up over 24% in the past one-month time frame.

The telecom carrier has seen 11 positive revisions in the past 30 days and its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Sprint. So make sure you keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Sprint Corp. currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

However, better-ranked stocks in the diversified communication services industry include Hawaiian Telcom Holdco, Inc. ((HCOMSnapshot Report)), Shenandoah Telecommunications Co. ((SHENSnapshot Report)) and Telstra Corporation Ltd. ((TLSYY)). All these sport a Zacks Rank #1 (Strong Buy).

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At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were audited and attested by Baker Tilly, an independent accounting firm.

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