Sprint Nextel Corporation (NYSE:S) Draws a Downgrade at JPMorgan Chase & Co. (NYSE:JPM); Cites Decelerating Revenues - AMX, PCS, SKM

Pompano Beach, FL -- (SBWIRE) -- 01/14/2013 -- No Limit Stocks - NOLIMITSTOCKS.com covers all the latest on up and coming stocks in the market. No limit Stocks team contain experts that study and analyzes the stock market and help individuals break through the limits and make them better & more successful investors.

Sprint Nextel Corporation (NYSE:S) downgraded at JPMorgan Chase & Co. (NYSE:JPM) to Neutral from Overweight the firm maintained a price estimate of $6.00.

JP Morgan said that they are lowering Sprint from Overweight to Neutral given the latest run in the stock, forecasts for increasing Capex, and progressively complicated merger scenarios.

Should Sprint Nextel a Buy or Sell Now? Find Out Here

They added that while they continue to think that Sprint has the assets and now financial support to succeed in the wireless industry, 2013 looks like a year of substantial capital investment and uncertain subscriber impetus.

They further stated that with more negative than positive risk for the next 3-6 months they choose to back away at this mark and may look to respond afterward in the year.

Sprint Nextel Corporation (NYSE:S) shares so far in this session lost -3.38% to $5.72 with the Stock being traded within the range of $5.70 – $5.84. In the past year, it has not traded below $2.10 and was unable to surpass $6.04. The current session’s volume of 33.56 million shares is down from the average daily trading volume of 36.41 million shares.

Has Sprint Nextel Found The Bottom And Ready To Gain Momentum? Find Out Here

Turning to some other stocks within industry, America Movil SAB de CV, MetroPCS Communications Inc and SK Telecom Co., Ltd. are in the gainers list. Below in this article, we will have a quick look on their Market performance.

So far in the ongoing trade, America Movil SAB de CV (ADR) (NYSE:AMX) shares are up +0.73% to $24.71 while the stock has traded within the range of $24.60 – $25.29. In the last 52-week period, shares changed hands between $22.10 and $28.47. The current session’s volume of 2.73 million shares is lower than their average daily trading volume of 7.50 million shares.

Will AMX Continue To Move Higher? Find Out Here

MetroPCS Communications Inc (NYSE:PCS) shares in the current session moved up +0.84% reaching at $9.62. The stock traded in a range of $9.49 – $9.80. In the last year the stock has moved within a range of $5.53 – $14.51. The current session’s volume of 3.24 million shares is higher from their average daily trading volume of 8.32 million shares.

Why Should Investors Buy PCS After The Recent Gain? Just Go Here and Find Out

Another rival company, SK Telecom Co., Ltd. (ADR) (NYSE:SKM) is at a premium of +3.98% to $16.97. In today’s trading so far, the stock price was found in a range of $16.75 and $16.97. In the previous 52 weeks the stock’s price ranged between $10.85 and $16.97. The current session’s volume of 1.04 million shares was higher from their average daily trading volume of 1.25 million shares.

For How Long SKM’s Gloss will Attract Investors? Find out via this report

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