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

Rating:
Underperform
S
up 48.50 %

Sprint Nextel Corporation (S) downgraded to Underperform by Oppenheimer

Posted on: Wednesday,  Dec 10, 2014  8:25 AM ET by Oppenheimer

Oppenheimer rated Underperform Sprint Nextel Corporation (NYSE: S) on 12/10/2014, when the stock price was $4.47. Since then, Sprint
Nextel Corporation has lost 32.66% of its value until Oppenheimer rated S Perform on 01/27/2016, when the price was $3.01.
If you would have followed this Oppenheimer's recommendation on S, you would have gained 48.5% of your investment in 413 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.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/27/2016 9:25 AM None
None
3.01
as of 10/17/2014
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/10/2014 8:25 AM Sell
None
4.47
5/5/2009 8:25 AM None
None
5.35
9/29/2008 8:25 AM Sell
None
6.51

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