Thursday, March 24, 2011

Phone Companies || Metro PCS



Stock Quotes from Google Finance
NYSE:PCS
Range: 15.47 - 15.70
52 week: 6.83 - 15.92
A year ago at March 24th, 2010: 7.07

Market Trend
The stocks seem to have jumped up this weekend, but the stocks have steadily dropped.

News Headlines
- For Consumers, Little to Cheer in AT&T Deal
- MetroPCS Targets Low-Cost Data Services
- The upstart company that made the AT&T-mobile merger possible

Projections for This Stock
The merger of AT&T and T-mobile is "supposed to be too big for regulators to ever accept (CNN Money)", but this gives Metro PCS a chance to compete in the market since consumers will look for other options, as the merged corporations might increase the prices on their plans.

I think the stocks will be uncertain until the merger between AT&T and T-mobile is approved. The price went up over the weekend, but is steadily dropping and the stock is near its year high. I would buy it because people might want to switch over to Metro PCS due to the potential merge, and that would contribute to the rise in stocks.

- By Anna L.

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