Citadel Securities Starts MetroPCS (PCS) at Neutral
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Price: $49.78 -0.04%
Rating Summary:
12 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
12 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Citadel Securities initiates coverage on MetroPCS (NYSE: PCS) with a Neutral. PT $18.
Citadel analyst says, "In essence, we believe that the market will be increasingly "trifurcated" among low-end, mid-tier, and high-end subscribers. We believe that the national carriers – particularly AT&T (NYSE: T) and Verizon (NYSE: VZ) – will continue to focus an overwhelming amount of attention on the last group. However, we believe that given rapid declines in device prices (especially 3G smartphones), Leap (Nasdaq: LEAP) and, to a smaller degree, Metro, could be poised to gain share from the lower end of the postpaid market."
For more ratings news on MetroPCS click here and for the rating history of MetroPCS click here.
Shares of MetroPCS closed at $17.55 yesterday.
Citadel analyst says, "In essence, we believe that the market will be increasingly "trifurcated" among low-end, mid-tier, and high-end subscribers. We believe that the national carriers – particularly AT&T (NYSE: T) and Verizon (NYSE: VZ) – will continue to focus an overwhelming amount of attention on the last group. However, we believe that given rapid declines in device prices (especially 3G smartphones), Leap (Nasdaq: LEAP) and, to a smaller degree, Metro, could be poised to gain share from the lower end of the postpaid market."
For more ratings news on MetroPCS click here and for the rating history of MetroPCS click here.
Shares of MetroPCS closed at $17.55 yesterday.
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