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Sprint (S) Worth Watching: Stock Rises 6.6%

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Sprint Corporation (S - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above past one month’s volatile price range of $5.39 to $5.89.

This wireless and wireline communications service provider has seen a mixed track record when it comes to estimate revisions of 1 increase and 2 decreases in the last 30 days. Meanwhile, the Zacks Consensus Estimate has moved higher over the same period. This implies solid trading potential 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 Corporation currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some notable stocks in the telecommunication industry are Telefonica (TEF - Free Report) , China Mobile LImited (CHL - Free Report) and Singapore Telecommunications Limited . While Telefonics and China Mobile sport a Zacks Rank #1 (Strong Buy), Singapore Telecommunications carries a Zacks Rank #2 (Buy).

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