Services Sector Overview; Sprint Nextel (S) in Talks with DISH Network (DISH) Over Partnership – S, DISH, T, GEO, CBK

Last trading session data confirmed that Services sector reacted positively with +0.22% change. The Geo Group, Inc (NYSE:GEO) and Christopher & Banks Corporation (NYSE:CBK) were major percentage gainer in this sector while AT&T Inc (NYSE:T) was most active stock.

The Overland Park, Kansas-based Sprint Nextel Corporation (NYSE:S) has approached DISH Network Corp (NASDAQ:DISH) regarding a partnership that would permit the satellite-TV corporation to offer mobile-phone service regarding the carrier’s network, according to 2 persons with knowledge about the issue.

The people further reported that Sprint would receive access to Dish’s mobile airwaves as shown by the possible deal, announced in recent months.

Sprint Nextel Corporation’s YTD performance was recorded as -1.44% while its market capitalization was $17.10 billion. The company has P/B ratio of 2.01. Institutional ownership owns 88.80% shares of the company while beta factor, which is used to measure riskiness of the security, was 1.12. Net profit margin of the company was -12.28% while its gross profit margin was 41.22%.

DISH Network Corp. has market capitalization of $17.01 billion. Its current ratio was 2.01 while its shares were looking forward SMA50 with 9.40. The company offered earnings per share of 1.65 while its 451.43 million shares were outstanding. YTD performance of the stock was 32.30%.

AT&T Inc. (NYSE:T) has the market capitalization of $191.61 billion. The company’s EPS was 0.77 while its 5.68 billion shares were outstanding. Its institutional ownership was 56.03%. Shares of the company were moving behind of SMA50 with -4.00% while its YTD performance was 17.58%.

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