) -- Telecommunications company



was the worst-performing stock in the

S&P 500

midday Monday.

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


on Monday.

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

Iridium Communications

(IRDM) - Get Report


American Tower

(AMT) - Get Report

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.

TheStreet Ratings

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

>To contact the writer of this article, click here:

Alexandra Zendrian

>To submit a news tip, send an email to:


>To follow the writer on Twitter, go to

Alexandra Zendrian