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Credit Suisse's 4 Stocks With Huge Upside

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1. Sprint Nextel (S) is a wireless telecom carrier.

Its stock has gained 19% in 12 months and 9% this year. But, it tumbled 14% on March 18 as news broke that AT&T (T) plans to buy T-Mobile. Sprint is sending representatives to Washington to campaign against the deal, which, it argues, will put it at a strategic disadvantage and thereby hurt the U.S. consumer. Before news of the deal, Sprint was on a run, helped by cost-cutting initiatives. Its fourth-quarter net loss decreased to $929 million, or 31 cents a share, from $980 million, or 34 cents, a year earlier. The gross margin fell from 48% to 45%. The operating margin remained in negative territory.

Cash and equivalents rose 39% to $5.5 billion and debt hovered above $20 billion. Sprint trades at a book value multiple of 0.9, a sales multiple of 0.4 and a cash flow multiple of 2.9, massive industry discounts. Credit Suisse forecasts that the stock will rise 73% to $8. Similarly, Deutsche Bank is bullish on a turnaround, valuing Sprint at $7 a share. In contrast, Sanford Bernstein predicts that Sprint's stock will drop 33%.

-- Written by Jake Lynch in Boston.

>>To see these stocks in action, visit the Credit Suisse Stocks With Huge Upside portfolio on Stockpickr.

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