National Securities Lowers MetroPCS to Neutral (PCS)
MetroPCS (NYSE: PCS) was downgraded by analysts at National Securities from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday.
Other equities research analysts have also recently issued reports about the stock. Analysts at Argus downgraded shares of MetroPCS from a “buy” rating to a “hold” rating in a research note to investors on Friday. Separately, analysts at Wells Fargo & Co. (NYSE: WFC) downgraded shares of MetroPCS from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. Finally, analysts at Deutsche Bank (NYSE: DB) downgraded shares of MetroPCS from a “buy” rating to a “hold” rating in a research note to investors on Friday. They now have a $9.00 price target on the stock, down previously from $13.00.
MetroPCS traded up 4.14% on Friday, hitting $7.30. MetroPCS has a 1-year low of $6.79 and a 1-year high of $18.79. The company has a market cap of $2.651 billion and a price-to-earnings ratio of 9.63.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.06 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.18 EPS by $0.12. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts expect that MetroPCS will post $0.20 EPS next quarter.
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.