MetroPCS Upgraded by Raymond James (PCS) - InvestingChannel

MetroPCS Upgraded by Raymond James (PCS)

MetroPCS opened at 9.54 on Monday. MetroPCS has a 52-week low of $5.53 and a 52-week high of $14.51. The stock?s 50-day moving average is currently $10.01. The company has a market cap of $3.474 billion and a price-to-earnings ratio of 7.69.

MetroPCS last announced its earnings results on Tuesday, October 30th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.12. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. The company?s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts predict that MetroPCS will post $1.06 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie reiterated an ?outperform? rating on shares of MetroPCS in a research note to investors on Tuesday, January 8th. They now have a $12.00 price target on the stock. Separately, analysts at Guggenheim reiterated a ?neutral? rating on shares of MetroPCS in a research note to investors on Wednesday, January 2nd. They now have a $10.00 price target on the stock. Finally, analysts at Zacks reiterated a ?neutral? rating on shares of MetroPCS in a research note to investors on Friday, December 21st. They now have a $10.00 price target on the stock. Three investment analysts have rated the stock with a buy rating, one has assigned an overweight rating, nineteen have issued a hold rating, one has given an underweight rating, and two have assigned a sell rating to the company?s stock. MetroPCS has a consensus rating of ?hold? and a consensus price target of $11.51.

MetroPCS Communications, Inc. (MetroPCS Communications) is a facilities-based wireless broadband mobile communications provider in the United States, including the Atlanta, Boston, Dallas/Fort Worth, Detroit, Las Vegas, Los Angeles, Miami, New York, Orlando/Jacksonville, Philadelphia, Sacramento, San Francisco, and Tampa/Sarasota metropolitan areas.