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

Rating:
Hold S
up 23.02 %

Sprint Nextel Corporation (S) downgraded to Hold by Argus

Posted on: Thursday,  Jun 20, 2013  8:25 AM ET by Argus

Argus rated Hold Sprint Nextel Corporation (NYSE: S) on 06/20/2013. Previously Argus rated Buy Sprint Nextel Corporation (NYSE: S) on
10/17/2012., when the stock price was $5.69. Since then, Sprint Nextel Corporation has gained 23.02% as of 06/20/2013's recent price of $7.00.
If you would have followed the previous Argus's recommendation on S, you would have gained 23.02% of your investment in 246 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.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/20/2013 8:25 AM Hold
None
7.00
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD up  23.45 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/17/2012 8:25 AM Buy
None
5.69 7.50
10/11/2011 8:25 AM Hold
None
2.17
2/16/2011 1:33 PM Buy
None
4.52 7.00

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