Could Sprint Get The New iPhone?

It could, if you believe research from BTIG. In a note from

BTIG is upgrading shares of Sprint

from Sell to Neutral, but did not have a price target on shares. Analyst Walter Piecyk mentioned that the company is trading under five times BTIG's 2012 earnings estimate. He did not go to Buy because of several factors, including uncertain earnings, high debt leverage, lack of free cash flow and its 4G strategy. He did not that the potential launch of Apple's

iPhone 5 could be positive for Sprint going forward if the two companies did come to an agreement.