Evercore ISI telecom analyst Jonathan Schildkraut this afternoon reiterated a Sell rating on shares of Sprint (S), after updating his estimates for the company to reflect lower profit as the company sustains deeper subscriber losses than expected.

Sprint on November 3rd missed fiscal Q2 expectations, and cut its Ebitda outlook for this year to a range of $5.8 billion to $5.9 billion, down from a prior forecast of $6.7 billion to $6.9 billion. The company had 336,000 postpaid subscriber net losses in the quarter, observes Schildkraut,...