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

Rating:
Underperform
S
up 12.21 %

Sprint Nextel Corporation (S) downgraded to Underperform by Credit Suisse

Posted on: Wednesday,  Sep 18, 2013  8:25 AM ET by Credit Suisse

Credit Suisse rated Underperform Sprint Nextel Corporation (NYSE: S) on 09/18/2013. Previously Credit Suisse rated Outperform Sprint Nextel Corporation (NYSE: S)
on 10/22/2012., when the stock price was $5.65. Since then, Sprint Nextel Corporation has gained 12.21% as of 09/18/2013's recent price of $6.34.
If you would have followed the previous Credit Suisse's recommendation on S, you would have gained 12.21% of your investment in 331 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.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/18/2013 8:25 AM Sell
None
6.34
as of 12/13/2013
1 Week down  -6.84 %
1 Month down  -19.40 %
3 Months down  -38.61 %
1 YTD down  -21.15 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/22/2012 11:25 AM Buy
None
5.65
11/16/2009 8:25 AM Buy
None
3.38 6.00
10/23/2009 10:25 AM Hold
None
3.36 4.00

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