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

Rating:
Neutral S
down 31.26 %

Sprint Nextel Corporation (S) downgraded to Neutral with price target $3 by Collins Stewart

Posted on: Monday,  Oct 10, 2011  8:25 AM ET by Collins Stewart

Collins Stewart rated Neutral Sprint Nextel Corporation (NYSE: S) on 10/10/2011. Previously Collins Stewart rated Buy Sprint Nextel Corporation (NYSE: S)
on 08/16/2011., when the stock price was $3.39. Since then, Sprint Nextel Corporation has lost 31.27% as of 10/10/2011's recent price of $2.33.
If you would have followed the previous Collins Stewart's recommendation on S, you would have lost 31.26% of your investment in 55 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.

Collins Stewart's research department is built around a number of sector-specialist teams. Our analysts are leaders in their area of specialisation and combine deep industry knowledge with decades of stock broking experience to produce insightful, independent sector research. Our research approach encompasses Questâ„¢ principles and focuses on cash-driven valuation techniques. Research is a Collins Stewart cornerstone; it is leveraged throughout the organisation.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/10/2011 8:25 AM Hold
None
2.33 3.00
as of 12/30/2011
1 Week   
1 Month   
3 Months down  -23.35 %
1 YTD down  -31.26 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/16/2011 8:25 AM Buy
None
3.39 5.00

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