Sprint To Offer Unlimited Data Plan for iPhone 5

September 10, 2011

Bloomberg reported that Sprint Nextel (NYSE:S) plans to offer Apple's (NASDAQ:AAPL) iPhone 5 with an unlimited service plans when it launches the phone in mid-October, citing people familiar with the matter. Sprint Nextel (NYSE:S) has a potential upside of 56.5% based on a current price of $3.43 and an average consensus analyst price target of $5.37. Sprint Nextel is currently below its 50-day moving average (MA) of $4.27 and below its 200-day MA of $4.60.