Sprint Nextel Corporation (NYSE:S) Drops Nextel From Its Name As SoftBank Takes Charge


Dallas, Texas 08/12/2013 (Financialstrend) – Sprint Nextel Corp. (NYSE: S) is dropping down the Nextel part of its name as it finishes a transaction with Tokyo-based SoftBank, which proviodes the Japanese firm majority possession of the 3rd biggest US wireless carrier.

The firm will keep hold of its ticker sign ‘‘S’’ on the NYSE and go by the altered name Sprint Corp., a report stated.

Sprint Nextel Corp. (NYSE:S) Stock Rating Upgraded To ‘Strong-buy’

Janco Partners has upgraded Sprint Nextel Corp. (NYSE:S) scrip to a “sturdy-buy” valuation from a “buy” rating in a research note forwarded last week.

As per reports, the company, at the present time, possesses a $9.00 price objective on its scrip. Janco Partners’ price aim hints a possible upside of 39.53 per cent from the scrip’s earlier closure.

Sprint Nextel Corp. (NYSE:S): The New King of Spectrum

Sprint Nextel Corp. (NYSE:S) is a holding firm, mainly carried out by its divisions. The well known firm functions in 2 sections comprising Wireline and Wireless.

The company is a well known communication firm, which offers a broad variety of Wireline and wireless communications, which are intended to meet up the requirements of biz sections, administrative subscribers, resellers and individual customers.

Sprint Nextel Corp. (NYSE:S) – Why the New King?

Recent reports stated that that Sprint Nextel Corp. (NYSE:S) comes forth as the novel king of spectrum with countless bandwidth available for LTE as against countrywide contenders. Apart from having additional spectrums for LTE, the company also boasts the biggest high frequency spectrum holdings. The company has 205 megahertz spectrum, whilst competitor AT&T just possesses 105 megahertz and Verizon owns 99 megahertz.

What the professional say about Sprint Nextel Corp. (NYSE:S)?

As per Brett Feldman, the Deutsche Bank forecaster, they think that higher frequency bandwidth is regarded as helpful as the network densifies.

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