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

Rating:
Hold S

Sprint Nextel Corporation (S) rated Hold with price target $4 by Soleil

Posted on: Tuesday,  Apr 28, 2009  8:25 AM ET by Soleil

Soleil rated Hold Sprint Nextel Corporation (NYSE: S) on 04/28/2009. Previously Soleil rated Equal
Weight Sprint Nextel Corporation (NYSE: S) on 05/08/2008., when the stock price was $9.00. Since then, Sprint Nextel Corporation has lost 53.78% as of 04/28/2009's recent price of $4.16.

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.

Soleil focuses on institutional research without ties to proprietary trading. By aggregating unbiased, actionable research, we allow our institutional clients to access a variety of perspectives and investment opinions from one trusted source. Our experienced sales professionals and research production team evaluate and filter dozens of independent research analysts to create a select group of research partners that best serve our clients. Each of our analysts has considerable industry experience, significant institutional relationships, a deep understanding of a particular sector, and the ability to deliver proprietary data and insights. Through expanded coverage of conventional and under-followed companies, they provide multiple perspectives and divergent viewpoints across a variety of industry sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/28/2009 8:25 AM Hold
None
4.16 4.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/8/2008 8:25 AM None
None
9.00
11/5/2007 9:25 AM Hold
None
17.08 16.00

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