Financial ratings wrap-up: Sprint Nextel and Ericsson
November 26 2008 - 6:00 am ET | Kristen Beckman | RCR Wireless News
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.
Carrier
--Barclays Capital lowered its price target on Sprint Nextel to $5 from $10 an lowered its 2009 EPS estimate to a loss of 13 cents rather than a profit of 8 cents. The changes are a result of customer erosion and upward pressures on service costs due to data traffic growth.
Handset and infrastructure vendors
--Credit Suisse First Boston downgraded Ericsson to underperform from outperform on wireless infrastructure downturn.








