Auriga Changes Estimates on MetroPCS (PCS), Maintains Price Target and Buy Rating

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Auriga's Buy rating remains on MetroPCS (NYSE: PCS) as they change their 4Q10 EPS estimate go to ($0.03) from $0.19. Their 2012 EPS estimate go from $1.00 to $1.06.

The firm reports that their estimate changes are a result of the companies recent bond swap activities. PCS recently sold new bonds with lower interest rates. The proceeds were used to call in older bonds.

For more ratings news on MetroPCS click here and for the rating history of MetroPCS click here.

Shares of MetroPCS closed at $12.57 yesterday, with a 52 week range of $5.52-$11.42.

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