Business

September 10, 2012

Sprint shares jump after analyst upgrades stock

Shares in Overland Park-based Sprint Nextel Corp., the third- largest U.S. wireless carrier, rose the most in almost a month after Nomura Securities upgraded the stock to buy.

Shares in Overland Park-based Sprint Nextel Corp., the third- largest U.S. wireless carrier, rose the most in almost a month after Nomura Securities upgraded the stock to buy.

Sprint climbed 5.3 percent to $5.30 in early afternoon trading. That’s the biggest intraday gain since Aug. 15. The shares had already more than doubled this year.

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