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Sprint Nextel Corporation (S) [hlAlert]

Rating:
Buy S
down 38.24 %

Sprint Nextel Corporation (S) upgraded to Buy with price target $10.50 by Nomura

Posted on: Thursday,  Dec 5, 2013  8:25 AM ET by Nomura

Nomura rated Buy Sprint Nextel Corporation (NYSE: S) on 12/05/2013, when the stock price was $8.21. Since
then, Sprint Nextel Corporation has lost 38.25% as of 01/27/2016's recent price of $5.07.
If you would have followed this Nomura's recommendation on S, you would have lost 38.24% of your investment in 783 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.

Nomura
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/5/2013 8:25 AM Buy
None
8.21 10.50
as of 12/13/2013
1 Week up  6.84 %
1 Month up  2.67 %
3 Months up  2.67 %
1 YTD up  31.94 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/7/2013 8:25 AM Hold
None
7.33
9/10/2012 8:25 AM Buy
None
5.16

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