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

Rating:
Mkt Perform
S
down 79.11 %

Sprint Nextel Corporation (S) downgraded to Mkt Perform by Wachovia

Posted on: Monday,  Mar 16, 2009  8:25 AM ET by Wachovia

Wachovia rated Mkt Perform Sprint Nextel Corporation (NYSE: S) on 03/16/2009. Previously Wachovia rated Buy Sprint Nextel Corporation (NYSE: S)
on 10/12/2007., when the stock price was $18.15. Since then, Sprint Nextel Corporation has lost 79.12% as of 03/16/2009's recent price of $3.79.
If you would have followed the previous Wachovia's recommendation on S, you would have lost 79.11% of your investment in 521 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.

Wachovia offers a full range of products and services to meet the needs of corporate and institutional clients nationwide. These include capital raising, market making, and financial advisory products and services, to name just a few. We have the experience and resources you need to help your business grow and succeed. With a unified culture and integrated platform, ours is an organization that executes without distraction. We are focused and proactive, working as a team to deliver the ideas and capital for your needs.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/16/2009 8:25 AM Hold
None
3.79
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  107.10 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/12/2007 9:25 AM Buy
None
18.15

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