Sprint Nextel (NYSE:S) has formed a Mobile Security Council to work against mobile security issues.

The Springdale, Arkansas based telecommunications company, Sprint Nextel (NYSE:S), has reportedly formed a Mobile Security Council that will bring various players in the mobile ecosystem ltogether to deal with mobile security for consumers and businesses.

Fared Adib, vice president of product development, Sprint Nextel (NYSE:S), said, “Sprint Nextel (NYSE:S) sees the need to comprehensively address mobile security, and we are bringing the industry together in our Mobile Security Council. Sprint Nextel (NYSE:S) and our partners are taking action to identify and get out ahead of potential threats and to raise awareness of security and protection solutions for wireless customers. We welcome new participants from throughout the wireless industry.”

Sprint Nextel (NYSE:S) stocks were at 2.81 at the end of the last day’s trading. There’s been a -24.9% movement in the stock price over the past 3 months.

Sprint Nextel (NYSE:S) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.57
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.26
Zack’s Rank: 4 out of 40 in the industry