Barclays Maintains an 'Equalweight' on MetroPCS (PCS); Cutting Numbers on Higher Gas Costs/Delayed Tax Refunds

Barclays maintains an 'Equalweight' on MetroPCS (NYSE: PCS) price target of $14.00.

Analyst, James M. Ratcliffe, sees tax refunds delays affecting Q1 additions, citing the fact that 68% of PCS's customers pay their bills in cash. Ratcliffe expects 375k net adds, which would be a 48% year-over-year decline. For Q1, churn estimate was raised slightly, from 3.2% to 3.4% and APRU estimate marginally cut, from $41.56 to $40.97. FY12 EPS estimate lowered from $0.89 to $0.83.

For an analyst ratings summary and ratings history on MetroPCS click here. For more ratings news on MetroPCS click here.

Shares of MetroPCS closed at $9.78 yesterday.

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