Sprint Nextel (NYSE:S) maintained Buy, $6 target, at Citigroup. The stock closed yesterday at $4.84 on volume of 211,823,200 shares, above the average daily volume of 52,497,205.
In the past 52-weeks, shares of Sprint Nextel have traded between a low of $2.78 and a high of $5.31 and are now at $4.84, which is 74.1% above that low price.
Sprint Nextel is currently above its 50-day moving average (MA) of $4.63 and above its 200-day MA of $3.92. In the last five trading sessions, the 50-day MA has climbed 1.09% while the 200-day MA has risen 0.71%.
Sprint Nextel Corporation offers a range of wireless and wireline communications services to consumer, business, and government customers. The Company develops, engineers, and deploys various technologies, including two wireless networks offering mobile data services, instant national and international push-to-talk capabilities, and a global Tier 1 Internet backbone.