MetroPCS (NYSE: PCS)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued to investors on Tuesday. They currently have a $11.00 price target on the stock.
A number of other analysts have also recently weighed in on PCS. Analysts at Bank of America reiterated an “underperform” rating on shares of MetroPCS in a research note to investors on Monday. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of MetroPCS in a research note to investors on Friday, March 1st. They now have a $11.00 price target on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of MetroPCS in a research note to investors on Thursday, February 28th. They now have a $12.00 price target on the stock.
Three research analysts have rated the stock with a buy rating, one has given an overweight rating, sixteen have given a hold rating, one has given an underweight rating, and one has issued a sell rating to the company’s stock. MetroPCS has a consensus rating of “hold” and a consensus price target of $10.64.
MetroPCS traded down 1.62% on Tuesday, hitting $10.33. 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 $9.99. The company has a market cap of $3.800 billion and a price-to-earnings ratio of 9.81.
MetroPCS last issued its quarterly earnings data on Tuesday, February 26th. The company reported $0.09 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.11 by $0.02. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that MetroPCS will post $0.71 EPS for the current fiscal year.
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.
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