Sprint Nextel Rises On Unusually High Volume (S)

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) is trading at unusually high volume Tuesday with 87.7 million shares changing hands. It is currently at 2.5 times its average daily volume and trading up 13 cents (+2.3%) at $5.69 as of 2:35 p.m. ET.

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Sprint Nextel has a market cap of $16.95 billion and is part of the technology sector and telecommunications industry. Shares are down 0.5% year to date as of the close of trading on Monday.

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.

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 heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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