Sprint Corporation (S) 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 reverses the recent trend for the company, as the stock is now down 13% in the past one-month time frame.
This wireless communications services provider has seen three positive estimate revisions in the last 30 days and the Zacks Consensus Estimate has also moved higher over the same period. This implies more solid trading ahead for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
Sprint Corp. currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Better-ranked stocks in the same industry include Telecom Corporation of New Zealand Limited (NZTCY), Level 3 Communications, Inc. (LVLT) and Oi SA (OIBR). While NZTCY sports a Zacks Rank #1 (Strong Buy), LVLT and OIBR bear a Zacks Rank #2 (Buy).
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