Sprint: S&P Intraday Gainer

NEW YORK ( TheStreet) - Sprint Nextel ( S) was the best performer in the S&P 500 intraday Friday.

The S&P 500 rose 6.46 points, or 0.47%, to 1,372.37 in trading Friday morning.

Shares of Sprint Nextel rose 8.27% to $2.82. Wells Fargo analysts said in a report Thursday they see Sprint boosting subscribers.

"Our checks show that Sprint's CDMA segment continues to gain customers from both AT&T and TMobile," Wells Fargo analysts wrote in a report Thursday. "We believe Sprint's marketing and overall messaging has capitalized well on AT&T's moves to increase pricing.'

Twenty-three of the 34 analysts who cover Sprint Nextel rated it hold. Eight analysts gave the stock a buy rating and three rated it sell.

TheStreet Ratings gives Sprint Nextel a D grade and sell rating. The stock has risen 20.3% year to date.

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-- Written by Alexandra Zendrian

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