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

Rating:
Neutral S

Sprint Nextel Corporation (S) downgraded to Neutral by Citigroup

Posted on: Thursday,  Jul 11, 2013  8:25 AM ET by Citigroup

Sprint Nextel Corporation
(NYSE: S) downgraded to Neutral by Citigroup.

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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/11/2013 8:25 AM Hold
None
as of 12/31/2012
1 Week up  3.09 %
1 Month down  -1.04 %
3 Months up  2.71 %
1 YTD up  142.30 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/9/2009 8:25 AM Buy
None
4.20 5.50
6/28/2007 11:25 AM Hold
None
21.09

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