MetroPCS Breaks 52-Week Record High

AT&T has agreed to acquire T-Mobile for a sum of $39 billion. The merger is expected to go down over the 12 months but with a lot of scrutiny from regulatory boards. The announcement was made official a couple of hours ago only

MetroPCS Communications (PCS) raked up a new 52-week high as it traded at $15.21. MetroPCS is changing hands at $15.20 with 2.6 million shares traded as, with an average volume of 5.5 million shares over the past 30 days.

MetroPCS hits new 52-week high with trading at $15.21

The market cap for MetroPCS at the moment is $5.2 billion, with shares up 17.3% year to date as of the close of trading on Thursday.

The company has a P/E ratio of 26.9, which is equivalent to the average telecommunications industry P/E ratio (AT&T, Verizon Wireless, Sprint, T-Mobile) and above the S&P 500 P/E ratio of 15.6.

AT&T T-Mobile merger

On a side note, AT&T has agreed to acquire T-Mobile for a sum of $39 billion. The merger is expected to go down over the 12 months but with a lot of scrutiny from regulatory boards. The announcement was made official a couple of hours ago only.

MetroPCS Breaks 52-Week Record High