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Sprint Nextel Corporation (S) [hlAlert]

Rating:
Neutral S
up 18.75 %

Sprint Nextel Corporation (S) downgraded to Neutral by Pali Research

Posted on: Tuesday,  Dec 8, 2009  8:25 AM ET by Pali Research

Pali Research rated Neutral Sprint Nextel Corporation (NYSE: S) on 12/08/2009. Previously Pali Research rated Buy Sprint Nextel Corporation (NYSE: S)
on 03/03/2009., when the stock price was $3.36. Since then, Sprint Nextel Corporation has gained 18.75% as of 12/08/2009's recent price of $3.99.
If you would have followed the previous Pali Research's recommendation on S, you would have gained 18.75% of your investment in 280 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.

Richard Greenfield and Walter Piecyk are Managing Directors and Co-Heads of Pali Capital Research in the U.S. Pali is committed to providing the highest quality, independent research free of the potential conflicts of interest associated with proprietary trading and investment banking.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/8/2009 8:25 AM Hold
None
3.99
as of 12/31/2009
1 Week   
1 Month up  7.54 %
3 Months up  1.01 %
1 YTD up  118.03 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/3/2009 8:25 AM Buy
None
3.36 7.00
8/7/2008 8:25 AM Buy
None
7.35 10.00
1/18/2008 12:25 PM Hold
None
8.70

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