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Sprint Nextel Corporation (S) [hlAlert]

Rating:
Neutral S

Sprint Nextel Corporation (S) rated Neutral with price target $8 by UBS

Posted on: Wednesday,  Feb 12, 2014  1:25 PM ET by UBS

Sprint Nextel Corporation (NYSE:
S) rated Neutral with price target $8 by UBS.

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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/12/2014 1:25 PM Hold
None
8.01 8.00
as of 10/17/2014
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/16/2013 10:25 AM Hold
None
6.66 7.00
1/14/2013 8:25 AM Hold
None
5.83
2/20/2009 1:25 PM Hold
None
3.01 3.50
5/13/2008 10:25 AM Hold
None
9.11 10.00
1/3/2008 8:25 AM Hold
None
12.97 14.50
9/20/2007 9:25 AM Hold
None
18.10 20.00

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