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

Rating:
Hold S
down 45.43 %

Sprint Nextel Corporation (S) downgraded to Hold with price target $2.50 by Kaufman Bros

Posted on: Monday,  Oct 10, 2011  8:25 AM ET by Kaufman Bros

Kaufman Bros rated Hold Sprint Nextel Corporation (NYSE: S) on 10/10/2011. Previously Kaufman Bros rated Buy Sprint Nextel Corporation (NYSE: S)
on 02/24/2011., when the stock price was $4.27. Since then, Sprint Nextel Corporation has lost 45.43% as of 10/10/2011's recent price of $2.33.
If you would have followed the previous Kaufman Bros's recommendation on S, you would have lost 45.43% of your investment in 228 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.

aufman Bros., L.P. recognizes that our research analysts act as the navigating force behind all of the services we offer. Through comments, profiles, reports and newsletters, our analysts track companies within their particular market segment on day-to-day happenings. Kaufman Bros. analysts bring to our tightly integrated team approach a variety of skill-sets and experience. Along with their direct communications industry, company development, and management backgrounds, they possess extensive investment community experience. Kaufman Bros. seeks to deliver comprehensive research coverage to the institutional and private investment communities in the following sectors: Cable, Satellite & Interactive Media Communications Equipment & Services Digital Media Software Enterprise Communications Technology Green Technology Internet & Digital Media IT Services & Enterprise Software Semiconductors
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/10/2011 8:25 AM Hold
None
2.33 2.50
as of 12/30/2011
1 Week   
1 Month   
3 Months down  -23.35 %
1 YTD down  -45.43 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/24/2011 8:25 AM Buy
None
4.27 6.25
2/23/2011 3:25 PM Buy
None
4.21 6.25

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