3 Telecom Stocks Seeing Action: Sprint Trades Post-Merger, AT&T Readies for New Lumia, and T-Mobile’s Evolving Network

Sprint (NYSE:S): Sprint has opened its trading for the first time post-merger, with shares higher on an adjusted basis. Janco has upgraded shares to Strong Buy on Friday morning, while JPMorgan has resumed coverage at Neutral. SoftBank CEO Masayoshi Son says Sprint will spend a hefty $16 billion in capital expenditures over the next two years, with much of it going toward expanding LTE coverage.