Market Overview

Vetr Sees End Of Merger Talks A Strong Buying Opportunity, Upgrades Sprint

Share:
Related S
JPMorgan's Q3 Wireless Cheat Sheet
Elastic's IPO: What You Need To Know
Turnaround Dividend Stock With A 10% Yield, Big Growth, Higher Guidance And No K-1 (Seeking Alpha)

The Vetr crowd on Tuesday upgraded its rating on Sprint Corporation (NYSE: S) from 3.5 stars (Buy), issued six days ago, to five stars (Strong Buy). Crowd sentiment at the time of the upgrade was unanimously positive, with 100 percent of Vetr user ratings bullish.

Vetr's downgrade comes a couple days after talks between Sprint and T-Mobile US Inc (NASDAQ: TMUS) ended for good after the companies failed to reach a merger agreement. Sprint's stock fell more than 15 percent to a low of $5.73 on Monday's open, and analysts with KeyBanc downgraded the stock to Underweight.

Sprint's stock rose slightly over the course of that session, but closed lower on Tuesday at $5.75.

See how crowdsourced ratings could help you time the market.

Currently, the Vetr crowd's average price target on Sprint is up at $7.10, which is still well below the average analyst price target of $8.76. Less than 2 percent of Vetr users are holding Sprint in their watch-lists.

Latest Ratings for S

DateFirmActionFromTo
Jun 2018Raymond JamesUpgradesMarket PerformOutperform
May 2018JefferiesUpgradesUnderperformHold
Apr 2018CitigroupMaintainsNeutralNeutral

View More Analyst Ratings for S
View the Latest Analyst Ratings

Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings General

 

Related Articles (S + TMUS)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
AAPLWedbushInitiates Coverage On310.0
DHTJP MorganUpgrades0.0
DISBarclaysUpgrades130.0
DXCMGoldman SachsUpgrades125.0
ORLYJP MorganUpgrades398.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Analysis: Under Armour And Nike's Dedication To Heritage Could Hurt Them

Snap Plummets After Big Q3 Sales Miss