MetroPCS (PCS), Leap Wireless (LEAP) Could See Increased Competition
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Price: $49.97 +0.14%
Rating Summary:
12 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 2
Rating Summary:
12 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 2
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Shares of MetroPCS Communications (NYSE: PCS) and Leap Wireless International Inc. (NASDAQ: LEAP) are holding in positive territory today despite rumblings a major player could soon enter the pre-paid market.
According to Piper Jaffray analyst Christopher Larsen, Verizon Wireless (NYSE: VZ) may start a new prepaid brand in time for the holiday season. Another worry is T-Mobile, which may increase competition by offering unlimited talk and text for around $30 per month.
The firm has a Neutral rating on PCS, LEAP and VZ.
PCS is up 2.1 percent, while LEAP is up 3.4 percent. Both are off the highs of the session.
According to Piper Jaffray analyst Christopher Larsen, Verizon Wireless (NYSE: VZ) may start a new prepaid brand in time for the holiday season. Another worry is T-Mobile, which may increase competition by offering unlimited talk and text for around $30 per month.
The firm has a Neutral rating on PCS, LEAP and VZ.
PCS is up 2.1 percent, while LEAP is up 3.4 percent. Both are off the highs of the session.
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