Wells Fargo Maintains an 'Outperform' on Sprint (S); OnTime 4G LTE Launch Gains Momentum

July 16, 2012 10:56 AM EDT
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Wells Fargo maintains an 'Outperform' on Sprint (NYSE: S).

Analyst, Jennifer M. Fritzsche, views Sprint's announcement to launch its 4G LTE network across 15 cities as positive, especially considering recent chatter that suggested the company was cutting back on Network Vision sites, etc. Also the markets that were pre-announced are being launched on time, and with the addition of the Waco market, Fritzche, believes Network Vision is gaining Momentum.

For an analyst ratings summary and ratings history on Sprint click here. For more ratings news on Sprint click here.

Shares of Sprint closed at $3.33 yesterday.

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