NEW YORK (
) -- Telecommunications company
was the worst-performing stock in the
The S&P was down 7.86 points to 1,361.77.
Shares of MetroPCS declined 5.87% to $9.94.
The stock was downgraded to market perform from outperform at
MetroPCS has an estimated price-to-earnings ratio for next year of 9.19 times; the average for mobile telecommunications companies is 18.76. For comparison, both
have higher forward P/Es of 10.22 and 31.98.
Seventeen of the 30 analysts who cover MetroPCS rated it hold. Twelve analysts gave the stock a buy rating and one rated it sell.
gives MetroPCS a B- grade with a buy rating and
price target. The stock has risen 14.4% year to date.
-- Written by Alexandra Zendrian
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