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

Rating:
Underperform
S
up 82.24 %

Sprint Nextel Corporation (S) downgraded to Underperform by Jefferies

Posted on: Thursday,  Dec 19, 2013  9:25 AM ET by Jefferies

Jefferies rated Underperform Sprint Nextel Corporation (NYSE: S) on 12/19/2013, when the stock price was $9.24. Since
then, Sprint Nextel Corporation has lost 45.13% as of 01/27/2016's recent price of $5.07.
If you would have followed this Jefferies's recommendation on S, you would have gained 82.24% of your investment in 769 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.

Jefferiess' research efforts cover U.S. & International equity, high yield, convertibles, derivatives and option strategies, investment grade fixed income, post-reorganization securities, as well as special situations and quantitative research. Our team of more than 150 research professionals covers nearly 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes while providing in-depth, thought provoking, objective research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/19/2013 9:25 AM Sell
None
9.24
as of 8/27/2015
1 Week down  -8.10 %
1 Month down  -10.69 %
3 Months down  -6.96 %
1 YTD up  52.83 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/15/2012 8:25 AM Hold
None
5.78

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