Metro Pcs Phones
November 14, 2010 by staff
Metro PCS, fifth of the country’s largest cellular phone company recorded revenues of the third quarter of this week more than 1 billion, as against 896 million and a year ago. It also added 223,249 subscribers and saw only 3.8 percent of its existing customers to cancel service each month, which is low, compared to other cellular operators.
Oppenheimer raised its rating to “outperform” from “Run” and raised its target price per share and 15.
In addition to solid quarterly results, Oppenheimer said that MetroPCS dominates no-contract service used by consumers with low incomes. And the company is just entering a seasonally strong period of the year, when investors should expect more growth.
However, Oppenheimer said that the high-end smartphones will represent 10 percent of the foundation of society, even if these phones are flying to store shelves.
If MetroPCS may expand its selection smartphone, especially those that use Google Inc. Android software, the company will have more growth potential, “said Oppenheimer.
MetroPCS rose 2.5 percent, or 30 cents, to 11.67 and in early trading.
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