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Sprint Nextel Corporation (S) [hlAlert]

Rating:
Neutral S

Sprint Nextel Corporation (S) rated Neutral by Guggenheim

Posted on: Monday,  Apr 29, 2013  9:25 AM ET by Guggenheim

Sprint Nextel
Corporation (NYSE: S) rated Neutral by Guggenheim.

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.

Guggenheim
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/29/2013 9:25 AM Hold
None
7.13
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

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