NEW YORK (TheStreet) -- MetroPCS Communications (NYSE:PCS)
hit a new 52-week high Friday as it traded at $15.21 compared with its
previous 52-Week high of $15.20. MetroPCS is changing hands at $15.20
with 2.6 million shares traded as of 12:07 p.m. ET. Average volume has
been 5.5 million shares over the past 30 days.
MetroPCS has a market cap of $5.2 billion and is part of the technology sector and telecommunications industry. Shares are up 17.3% year to date as of the close of trading on Thursday.
MetroPCS Communications, Inc., a wireless telecommunications
carrier, offers wireless broadband mobile services in the United
States. The company has a P/E ratio of 26.9, equal to the average
telecommunications industry P/E ratio and above the S&P 500 P/E
ratio of 15.6.
TheStreet Ratings rates MetroPCS as a buy. The company's
strengths can be seen in multiple areas, such as its revenue growth,
good cash flow from operations, expanding profit margins and solid
stock price performance. We feel these strengths outweigh the fact that
the company has had sub par growth in net income. You can view the full
MetroPCS Ratings Report.
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