Soleil Securities Initiates Coverage on MetroPCS (PCS) with a Buy; Low-Cost Should Deliver Outsized Returns
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Soleil Securities initiates coverage on MetroPCS (NYSE: PCS) with a Buy. Price target $23.
Soleil analystg says, "We expect recent market launches in New York City and Boston (February 2009) to kindle an additional phase of significant growth. We view the prospect for strong subscriber growth in PCS''s expansion markets as a potentially positive catalyst for the stock over the next 12 months."
MetroPCS Communications, Inc. (MetroPCS) is a wireless communications provider that offers wireless broadband mobile services under the MetroPCS brand in selected metropolitan areas in the United States over its own licensed networks or networks of entities, in which the Company holds a substantial non-controlling ownership interest.
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