Sprint Nextel Gets Analyst Upgrade (S)

Posted in pre-market 
April 19th, 2010

Sprint Nextel Corp. (NYSE: S) is being kept down by a soft trade tape in pre-market trading.  The stock’s analyst rating was raised to Outperform at Wells Fargo as some of the longer-term prospects are looking up.  If there was a better tape the sketchy past at Sprint-Nextel would have probably allowed a ‘follow-the-leader’ mentality for more gains.  At 8:49 AM EST shares are up 1.2% at $4.13 on 503,000 shares.  The average volume is over 56 million shares and the 52-week range is $2.78 to $5.94.  Again, this call would have helped boost shares more had it been on a day with a batter stock tape.

JON OGG

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