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Sprint Nextel Corporation (S) [hlAlert]

Hold S

Sprint Nextel Corporation (S) rated Hold with price target $6 by Deutsche Securities

Posted on: Monday,  Nov 10, 2008  1:25 PM ET by Deutsche Securities

Sprint Nextel Corporation (S)
rated Hold with price target $6 by Deutsche Securities.

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.

Deutsche Bank's award-winning Research team manages a range of functions from asset allocation, through economic forecasting across a broad range of industry sectors including cement and construction, chemicals, electronics, energy, engineering, machinery, media, software, tobacco, retailing and utilities, and oil and gas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/10/2008 1:25 PM Hold
3.05 6.00
as of 12/24/2008
1 Week up  1.70 %
1 Month up  13.27 %
3 Months up  69.91 %
1 YTD down  -32.25 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/4/2008 12:25 PM Hold
8.23 9.00
5/13/2008 12:25 PM Hold
9.07 8.00
3/13/2008 12:25 PM Hold
5.99 7.00
1/30/2008 8:25 AM Hold
10.36 11.00
11/2/2007 9:25 AM Hold
16.74 17.00

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