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.  

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
S Sprint Corporation 8.52 0.49 6.10 26,203,014 Trade
DUK Duke Energy Corporation (Holding Company) 84.25 -0.91 -1.07 1,799,186 Trade

Comments

Emerging Growth

Valuesetters Inc

Valuesetters Inc is a next generation technology company. The Company is focused in providing technologies and infrastructure-as-a-service (Iaas) to consumer through enterprise communications, entertainment, and game platforms.

Private Markets

iPRO Network, LLC

We provide the platform, tools, and resources to empower individuals and professionals to market desirable goods and services to the public, taking the place of traditional methods of commerce.

Quants Inc

Quants, Inc, a California Corporation, develops, markets and operates financial technology platforms and alternative investment products offering sophisticated risk management since 2010. The Company has primarily sharpened its focus with…