Sprint (S) Lifts on Positive Credit Suisse Comments

July 17, 2012 10:45 AM EDT Send to a Friend
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Price: $5.61 --0%

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    9 Buy, 20 Hold, 6 Sell

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Shares of Sprint (NYSE: S) are stronger Tuesday following positive comments from analysts at Credit Suisse.

The firm said when the Network Vision project is largely completed in 2014, the company's EBITDA could reach $8.1 billion which would be nearly double the $4.3 billion this year.

For the upcoming second quarter, the firm sees Sprint beating the Q2 EBITDA cosnensus.

The firm raised their price target from $4 to $6, suggesting nearly 70 percent upside from current levels.

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

Shares of Sprint last traded up 3.2 percent to $3.57.




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