NEW YORK (

TheStreet

) --

MetroPCS Communications

(NYSE:

PCS

) hit a new 52-week high Monday as it traded at $15.96 compared with its previous 52-Week high of $15.92. MetroPCS is changing hands at $15.82 with 296,582 shares traded as of 9:32 a.m. ET. Average volume has been 5.6 million shares over the past 30 days.

MetroPCS has a market cap of $5.6 billion and is part of the

technology

sector and

telecommunications

industry. Shares are up 23% year to date as of the close of trading on Friday.

MetroPCS Communications, Inc., a wireless telecommunications carrier, offers wireless broadband mobile services in the United States. The company has a P/E ratio of 29.2, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates MetroPCS as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

MetroPCS Ratings Report

.

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