MetroPCS Up 5.5% After Ratings Upgrade, Nearing 52-Week High (PCS)

Shares of MetroPCS Communications, Inc. PCS are currently up 5.5% at $12.75 per share during Monday afternoon trading, nearing the stock's 52-week high of $12.93 per share. The rise in MetroPCS Communications' shares was fueled by an upgrade by RBC Capital Markets of the company's rating from Sector Perform to a rating of Outperform. Today's trading range for shares of MetroPCS Communications, Inc. (PCS) has been between $12.40 and $12.75 per share. The consensus price target of analysts covering the company's stock is $12.93 per share. Volume of 4.7 million shares is nearing the daily average volume of 4.9 million shares. MetroPCS Communications, Inc is a provider of unlimited wireless communications service for a flat-rate with no annual contract. MetroPCS is the fifth largest facilities-based wireless carrier in the United States based on number of subscribers served. Read more from Benzinga's Company news.