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

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

When you purchase through our sponsored links, we may earn a commission. By using this website you agree to our T&Cs.

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).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Our Editorial Standards

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.


Want Financial Guidance Sent Straight to You?

  • Pop your email in the box, and you'll receive bi-weekly emails from ValueWalk.
  • We never send spam — only the latest financial news and guides to help you take charge of your financial future.