Sprint's stock fell 4% yesterday as investors reacted to a report that the risk of the carrier going bankrupt was increasing. Bernstein analyst Craig Moffett downgraded Sprint shares from "market-perform" to "underperform" based on the news.
While the company, which happens to be the third largest wireless provider in the US, has had a long string of poor quarters over the past few years, analysts had high hopes for the carrier after it finally became an iPhone partner late last fall...