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Enter Symbol:
 
Sprint Nextel Corporation (S) [hlAlert]

Rating:
Mkt Perform
S
down 36.91 %

Sprint Nextel Corporation (S) upgraded to Mkt Perform by Bernstein

Posted on: Tuesday,  Oct 16, 2012  8:25 AM ET by Bernstein

Bernstein rated Mkt Perform Sprint Nextel Corporation (NYSE: S) on 10/16/2012. Previously Bernstein rated Underperform Sprint Nextel Corporation (NYSE: S)
on 01/19/2010., when the stock price was $3.64. Since then, Sprint Nextel Corporation has gained 58.52% as of 10/16/2012's recent price of $5.77.
If you would have followed the previous Bernstein's recommendation on S, you would have lost 36.91% of your investment in 1001 days.

Sprint Nextel Corporation (Sprint Nextel) is a holding company that offers a range of wireless and wireline communications products and services for individual consumers, businesses and government customers. The Company conducts its operations through two segments: Wireless and Wireline. Sprint Nextel owns wireless networks and a global long distance, Tier 1 Internet backbone. The Company offers digital wireless service to subscribers in all 50 states, Puerto Rico and the United States Virgin Islands under the Sprint brand name utilizing wireless code division multiple access (CDMA) technology. The Company offers digital wireless services under its Nextel brand name using integrated digital enhanced network (iDEN) technology. On September 23, 2008, the Company closed the transaction with TowerCo Acquisition LLC, under which it sold 3,084 cell sites.In November 2009, the Company completed the acquisition of Virgin Mobile USA, Inc.

A central advantage for Bernstein clients is the ability to harness our highly regarded expertise in investment research and management. Originally known as a value investor, Bernstein has long been known for seeking out stocks with temporarily depressed prices due to unwarranted short-term pessimism about a company’s ability to recover from its current problems. This philosophy is embodied in our flagship Strategic Value portfolio. But since value and growth stocks have alternated leadership—with no clear signal of when one style will give way to the other—we’ve developed a Strategic Growth portfolio that seeks out leading companies whose stock prices don’t fully reflect their companies’ potential for superior earnings growth.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/16/2012 8:25 AM Hold
None
5.77
as of 12/31/2012
1 Week   
1 Month   
3 Months down  -4.52 %
1 YTD down  -146.58 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/19/2010 8:25 AM Sell
None
3.64 3.00
10/18/2007 9:25 AM Hold
None
17.62

(*) Stock Price at the time of the recommendation.
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