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

Rating:
Underperform
S
up 31.93 %

Sprint Nextel Corporation (S) downgraded to Underperform by BofA/Merrill

Posted on: Monday,  Jul 15, 2013  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Underperform Sprint Nextel Corporation (NYSE: S) on 07/15/2013. Previously BofA/Merrill rated Buy Sprint Nextel Corporation (NYSE: S) on
08/13/2012., when the stock price was $5.01. Since then, Sprint Nextel Corporation has gained 31.94% as of 07/15/2013's recent price of $6.61.
If you would have followed the previous BofA/Merrill's recommendation on S, you would have gained 31.93% of your investment in 336 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.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/15/2013 8:25 AM Sell
None
6.61
as of 12/13/2013
1 Week down  -6.84 %
1 Month down  -19.40 %
3 Months down  -25.44 %
1 YTD down  -10.96 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/13/2012 8:25 AM Buy
None
5.01

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