Sprint Nextel (NYSE:S) hit a new 52-week high Thursday as it is currently trading at $7.36, above its previous 52-week high of $7.35 with 18.3 million shares traded as of 10:05 a.m. ET. Average volume has been 47.4 million shares over the past 30 days.
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 Thursday as it is currently trading at $7.36, above its previous 52-week high of $7.35 with 18.3 million shares traded as of 10:05 a.m. ET. Average volume has been 47.4 million shares over the past 30 days. Sprint Nextel has a market cap of $21.79 billion and is part of the technology sector and telecommunications industry. Shares are up 29.1% year to date as of the close of trading on Wednesday. Sprint Nextel Corporation, through its subsidiaries, offers a range of wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. 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 solid stock price performance, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow 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. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.