Sprint Nextel (NYSE: S) was upgraded by investment analysts at Nomura from a “neutral” rating to a “buy” rating in a note issued to investors on Monday. The firm currently has a $7.00 target price on the stock.
Shares of Sprint Nextel traded up 2.39% during mid-day trading on Monday, hitting $5.15. Sprint Nextel has a 52 week low of $2.10 and a 52 week high of $5.49. The company’s market cap is $15.452 billion.
Sprint Nextel last announced its earnings results on Thursday, July 26th. The company reported ($0.46) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.41) by $0.05. Sprint Nextel’s revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that Sprint Nextel will post $0.00 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Sprint Nextel in a research note to investors on Friday. They now have a $4.25 price target on the stock. Separately, analysts at JPMorgan Chase reiterated an “overweight” rating on shares of Sprint Nextel in a research note to investors on Thursday. They now have a $6.00 price target on the stock. Finally, analysts at Jefferies Group reiterated an “underperform” rating on shares of Sprint Nextel in a research note to investors on Thursday, August 30th. They now have a $3.00 price target on the stock.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries.
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