MetroPCS Stock Hits New 52-Week High (PCS)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- MetroPCS Communications (NYSE: PCS) hit a new 52-week high Tuesday as it is currently trading at $13.22, above its previous 52-week high of $12.48 with 2.5 million shares traded as of 10:06 a.m. ET. Average volume has been 7.1 million shares over the past 30 days.

MetroPCS has a market cap of $4.26 billion and is part of the technology sector and telecommunications industry. Shares are up 34.9% year to date as of the close of trading on Monday.

MetroPCS Communications, Inc., a wireless telecommunications carrier, together with its subsidiaries, provides wireless broadband mobile services in the United States. The company has a P/E ratio of 13, above the average telecommunications industry P/E ratio of 12.9 and below the S&P 500 P/E ratio of 17.7.

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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, solid stock price performance, attractive valuation levels, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full MetroPCS Ratings Report.

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