Sprint Nextel Stock Hits New 52-Week High (S) - TheStreet

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK (

TheStreet

) --

Sprint Nextel

(NYSE:

S

) hit a new 52-week high Wednesday as it is currently trading at $5.58, above its previous 52-week high of $5.49 with 59.4 million shares traded as of 2:25 p.m. ET. Average volume has been 63.9 million shares over the past 30 days.

Sprint Nextel has a market cap of $15.81 billion and is part of the

technology

sector and

telecommunications

industry. Shares are up 121.8% year to date as of the close of trading on Tuesday.

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.

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TheStreet Ratings rates Sprint Nextel as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk. You can view the full

Sprint Nextel Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

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