The Zacks Analyst Blog Highlights: MetroPCS Communications, Google, Apple and
CHICAGO, Feb. 4, 2013
CHICAGO, Feb. 4, 2013 /PRNewswire/ --Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include MetroPCS Communications Inc.
(NYSE:PCS), Google Inc. (Nasdaq:GOOG), Apple (Nasdaq:AAPL) and AT&T, Inc.
Get the most recent insight from Zacks Equity Research with the free Profit
from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Friday's Analyst Blog:
MetroPCS Unveils New 4G Smartphone
MetroPCS Communications Inc. (NYSE:PCS), one of the leading prepaid telecom
carriers in the U.S. has launched a 4G smartphone – Spirit 4G. Google Inc.'s
(Nasdaq:GOOG) Android based Spirit 4G by LG Electronic is available at $199
plus tax with no contract. For 4G services, customers can team up their
smartphone with MetroPCS' affordable 4G plans starting at $40. We believe the
company's effort to boost its LTE services with new offers and product
launches garners significant market traction, driving market penetration and
Earlier this month, MetroPCS reported net subscriber loss of 93,237, a steep
drop from the year-ago gain of 197,410 subscribers. Stiff competition at the
high-end smartphone market that remains dominated by large players is mainly
responsible for the shrinking customer base. High-end devices like Apple's
(Nasdaq:AAPL) iPhone and the Samsung Galaxy series are mostly availed through
tiered contracts at cheaper rates with giant sellers like AT&T, Inc. (NYSE:T).
As a result, it becomes important for the company to introduce competitive
products that can address the present need of its target market. Although, the
company does not market Apple products, it has set a line-up for the popular
In 2011, the company launched it ambitious project "Android for All" program
that increased smartphone penetration to 50% of its total subscriber base. In
August 2012, MetroPCS launched LG Connect 4G Android smartphone, representing
the first-ever launch of VoLTE (Voice over LTE) enabled 4G LTE smartphone
The company aims to deliver spectrum efficiency by shifting its customers to
the VoLTE service. This move would increase network capacity and boost free
spectrum, leading to enhanced 4G experience.
Further, MetroPCS also forayed into the live mobile TV market with the launch
of Samsung Galaxy S Lightray 4G. The phone is enabled with Dyle application
that enables users to watch live shows through a broadcast television signal.
The company's mobile TV services are branded as Dyle Mobile TV. The company
expects to cover Dyle Mobile TV in 32 markets, including major hubs like
Atlanta, Las Vegas, Los Angeles, New York, Boston, San Francisco, Texas,
Detroit, Dallas, Jacksonville, Philadelphia, with 72 stations and 50% coverage
of its subscriber base over the near term.
We believe the advanced 4G LTE network, cost effective 4G devices and
affordable 4G service plans will remain the key drivers for MetroPCS'
near-term prospects. The company has already deployed high-speed 4G LTE
services in most of its major markets and covered 97% of its market with a 5x5
megahertz channel bandwidth.
MetroPCS has a Zacks Rank #3 (Hold).
Want more from Zacks Equity Research? Subscribe to the free Profit from the
Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative
analysis to help investors know what stocks to buy and which to sell for the
Continuous coverage is provided for a universe of 1,150 publicly traded
stocks. Our analysts are organized by industry which gives them keen insights
to developments that affect company profits and stock performance.
Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the
latest analysis from Zacks Equity Research. Subscribe to this free newsletter
Zacks.com is a property of Zacks Investment Research, Inc., which was formed
in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in
stock market data that would lead to superior investment results. Amongst his
many accomplishments was the formation of his proprietary stock picking
system; the Zacks Rank, which continues to outperform the market by nearly a 3
to 1 margin. The best way to unlock the profitable stock recommendations and
market insights of Zacks Investment Research is through our free daily email
newsletter; Profit from the Pros. In short, it's your steady flow of
Profitable ideas GUARANTEED to be worth your time! Register for your free
subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance
numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook:
Disclaimer: Past performance does not guarantee future results. Investors
should always research companies and securities before making any investments.
Nothing herein should be construed as an offer or solicitation to buy or sell
Zacks Investment Research
800-767-3771 ext. 9339
SOURCE Zacks Investment Research, Inc.
Press spacebar to pause and continue. Press esc to stop.