Sprint Nextel (NYSE: S) has decided to extend its Nascar Cup sponsorship to 2016.

Overland Park, Kansas based telecommunications company, Sprint Nextel (NYSE:S), has reportedly decided to extend its title sponsorship of NASCAR top-level cup series to 2016.

Dan Hesse, CEO of Sprint Nextel (NYSE:S), said, “I could not be more pleased than to announce and celebrate tonight that Sprint Nextel (NYSE:S) and NASCAR have agreed to an extension of our relationship.”

Sprint Nextel (NYSE:S) shares were at 2.65 at the end of the last day’s trading. There’s been a -24.9% change in the stock price over the past 3 months.

Sprint Nextel (NYSE:S) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.64
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.23
Zack’s Rank: 4 out of 38 in the industry