JPMorgan Chase Upgrades Sprint Nextel to Overweight (S)

By admin | 6 years ago

Sprint Nextel (NYSE: S) was upgraded by analysts at JPMorgan Chase (NYSE: JPM) from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Friday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Guggenheim upgraded shares of Sprint Nextel from a “neutral” rating to a “buy” rating in a research note to investors on Friday, May 18th. They now have a $3.50 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Sprint Nextel in a research note to investors on Thursday, May 17th. They now have a $2.50 price target on the stock. Finally, analysts at UBS AG (NYSE: UBS) cut their EPS estimates on shares of Sprint Nextel in a research note on Thursday. They now have a “neutral” rating and a $2.50 price target on the stock.

Sprint Nextel traded up 0.40% on Friday, hitting $2.52. Sprint Nextel has a 1-year low of $2.10 and a 1-year high of $5.80. The company’s market cap is $7.557 billion.

Sprint Nextel last posted its quarterly earnings results on Wednesday, April 25th. The company reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.13. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Sprint Nextel will post $-0.39 EPS next quarter.

Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries.

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