Sprint Nextel stock hold rating have a $5.50 price target

Sprint Nextel stock hold rating have a $5.50 price target : Sprint Nextel (NYSE: S)‘s stock had its “hold” rating reaffirmed by Canaccord Genuity in a research note issued on Thursday, Stock Ratings Network.com reports. They currently have a $5.50 price target on the stock.

A number of other firms have also recently commented on S. Analysts at Jefferies Group reiterated a “hold” rating on shares of Sprint Nextel in a research note to investors on Wednesday. They now have a $7.00 price target on the stock. Separately, analysts at JP Morgan Cazenove raised their price target on shares of Sprint Nextel from $6.00 to $8.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Finally, analysts at UBS AG upgraded shares of Sprint Nextel to an “overweight” rating in a research note to investors on Tuesday.

One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $6.59.

Sprint Nextel (NYSE: S) traded up 0.35% on Thursday, hitting $7.115. Sprint Nextel has a 52-week low of $2.30 and a 52-week high of $7.33. The stock’s 50-day moving average is currently $6.08. The company’s market cap is $21.422 billion.

Sprint Nextel (NYSE: S) last posted its quarterly earnings results on Thursday, February 7th. The company reported ($0.44) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.46) by $0.02. The company had revenue of $9.01 million for the quarter, compared to the consensus estimate of $8.93 million. During the same quarter last year, the company posted ($0.43) earnings per share. Sprint Nextel’s revenue was up 3.2% compared to the same quarter last year. Analysts expect that Sprint Nextel will post $-0.88 EPS for the current fiscal year.

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