Stocks Under $10: Why Sprint is a Strong Buy

Richard Suttmeier |

Sprint Nextel (S) – ($7.15) has been upgraded to a Strong Buy rating according to ValuEngine with fair value at $7.61, which makes the stock 6.0% undervalued. The one-year price target is $8.18. ValuEngine Profile – “Sprint Nextel offers a comprehensive range of wireless and wireline communications services to consumer, business and government customers. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two robust wireless networks offering industry leading mobile data services; instant national and international push-to-talk capabilities; and an award-winning and global Tier 1 Internet backbone.”

Analysis – The daily chart for Sprint shows declining momentum with the stock above its 21-day, 50-day and 200-day simple moving averages at $6.92, $6.36 and $5.60. My semiannual value level is $6.90 with a monthly pivot at $7.20 and weekly risky level at $7.28.


Courtesy of Thomson / Reuters

Ticker

Company Name

Mkt Price

Fair Value

One-Year Price Target

Last 12-Mon Retn (%)

5-Yr Avg Retn (%)

P/E Ratio

S

SPRINT NEXTEL

7.15

7.61

8.18

188.31

-5.53

n/a

If you have any questions, please contact me at Rsuttmeier@gmail.com.  

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Companies

Symbol Name Price Change % Volume
S Sprint Corporation 7.98 0.04 0.50 8,775,180
DUK Duke Energy Corporation (Holding Company) 73.42 0.67 0.92 3,754,148

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