Boston, MA 08/01/2013 (wallstreetpr) – During the last trading session, the shares of Sprint Nextel Corp (NYSE:S) were traded down by 3.25% and closed at $5.96. Sprint Nextel Corp was containing a 12 month low of $ 5.15 and 12 month high of $ 7.14. At present, the 50-day moving average of the stock of Sprint Nextel Corp is $ 6.11. The market capitalization of the company is remaining as $ 17.99 billion.
Per analysts at the Zacks, the shares of Sprint Nextel Corp were re-iterated with a rating of ‘neutral’ in a research note to the investors. At present, these analysts have set a price target of $ 6.00 over the stock of Sprint Nextel Corp. In addition to this, analysts at the Goldman Sachs Group Inc have started with the coverage over the shares of the company in a research note to the investors. These analysts have set a rating of “sell” on the stock of Sprint Nextel Corp. Moreover, the analysts at the UBS AG have increased their price target to $ 7.00 from $ 6.00 over the shares of the company in a research note to the investors. These analysts also have given a ‘neutral’ rating on the stock of Sprint Nextel Corp.
The stock analysts at the BMO Capital Markets have decreased their target on the price of the shares of Sprint Nextel Corp to the value of $ 7.00 in a research note that was issued to the investors. At present, the firm has given a rating of ‘outperform’ on the stock. This objective over the price of shares of the company which was set by BMO Capital Markets would point a potential upward trend of about 21.95% from the previous close of the company’s stock.
Sprint Nextel Corporation has reported a net loss of 53 cents for each share. This is due to the greater loss faced by the company from the shutdown of the Nextel network than that was foreseen. The adjusted loss faced was 31 cents for each share.
