BTIG Says Investors Should Sell Their Shares of Sprint
BTIG downgraded Sprint from neutral to sell Monday, saying Sprint is unlikely to find a path to positive earnings or revenue growth. “With proper execution, we believe Sprint’s deep spectrum assets enable material market share gains from all three of…
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its national competitors,” analyst Walter Piecyk wrote. “However, we are tired of waiting and simply can’t ignore the high cash burn rate and recent comments by Sprint’s Chairman Masa Son and latest CEO Marcelo Claure that outlined a clouded network vision and market strategy that we do not believe offers a clear revenue growth opportunity.”