Sprint Nextel Corp (S): Today's Featured Telecommunications Laggard

Sprint Nextel (S) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Sprint Nextel fell 3 cents (-0.7%) to $4.31 on light volume. Throughout the day, 21.5 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 56.9 million shares. The stock ranged in price between $4.27-$4.37 after having opened the day at $4.36 as compared to the previous trading day's close of $4.34. Other company's within the Telecommunications industry that declined today were: NII Holdings (NIHD), down 24.4%, Leap Wireless International (LEAP), down 18.7%, Technical Communications (TCCO), down 14.2%, and Inteliquent (IQNT), down 12.8%.

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Sprint Nextel Corporation, together with its subsidiaries, offers wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. Sprint Nextel has a market cap of $12.81 billion and is part of the technology sector. Shares are up 82.5% year to date as of the close of trading on Monday. Currently there are nine analysts that rate Sprint Nextel a buy, four analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Sprint Nextel as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally weak debt management and feeble growth in its earnings per share.

• You can view the full Sprint Nextel Ratings Report.

On the positive front, Internet Gold Golden Lines (IGLD), up 24.3%, B Communications (BCOM), up 22.6%, Ubiquiti Networks (UBNT), up 12%, and Plantronics (PLT), up 10.2%, were all gainers within the telecommunications industry with Nokia Oyj (NOK) being today's featured telecommunications industry leader.

• Use our telecommunications section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom (IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication (TLL).

• Find other investment ideas from our top rated ETFs lists.

For more information on Sprint Nextel Corp click any of the following:

• Sprint Nextel Corp Stock Price

• Sprint Nextel Corp Analyst Ratings

• Sprint Nextel Corp Key Stats & Profile

• Sprint Nextel Corp Earnings

• Sprint Nextel Corp Ratio Comparison

• Sprint Nextel Corp Growth Rates

• Sprint Nextel Corp Balance Sheet

• Sprint Nextel Corp Cash Flow

• Sprint Nextel Corp Income Statement