Collins Stewart Upgrades Sprint (S) to Buy; Attractive Valuation

Collins Stewart upgraded Sprint (NYSE: S) to Buy with a price target of $5, citing compelling valuation.

The firm states, "We are upgrading Sprint to Buy from a long standing Neutral during this time of extreme volatility that have caused Sprint shares to under perform the S&P 500 index after outperforming the index for the first half of the year. With fairly low expectations for 2H11 and 2012, with a stock now trading at 4.6x estimated."

For more ratings news on Sprint click here and for the rating history of Sprint click here.

Shares of Sprint closed at $3.48 yesterday.

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