MetroPCS Communications, Inc. (PCS)

[bowonwing]

S&P raises TP to $13 from $12 & "planned rapid move to LTE could make it an attractive acquisition candidate."
July 13, 2010
S&P REITERATES STRONG BUY OPINION ON SHARES OF
METROPCS (PCS 9.6*****):We expect PCS to report Q2 earnings results on
August 5, and we forecast revenue of $1.0B, EBITDA of $278M, and earnings per
share of $0.15.We have reduced our '10 earnings per share by $0.04 to $0.50 on
slightly higher net additions and higher equipment costs.We are raising our '11
estimate by $0.02 to $0.79 on lower expected churn.We also believe that PCS'
planned rapid move to LTE could make it an attractive acquisition candidate. We
are increasing our 12-month target by $1 to $13 based on enterprise
value/EBITDA peer analysis. /J.Moorman-CFA, from S&P's PCS Stock Repot dated 7/13/10