Why T-Mobile's Stock Is Trading Higher Today

T-Mobile TMUS shares are trading higher on Friday.

Raymond James maintained its Outperform rating on the stock and raised its price target from $99 to $105 per share.

Deutsche Telekom merged its T-Mobile USA unit with prepaid specialist MetroPCS in 2013, creating T-Mobile US. Following the merger, the firm provided nationwide service in major markets but spottier coverage elsewhere. T-Mobile is the third-largest carrier in the U.S., trailing AT&T and Verizon, though it will roughly match AT&T's size with the acquisition of Sprint.

T-Mobile shares were trading up 1.77% at $96.06 on Friday. The stock has a 52-week high of $102.73 and a 52-week low of $63.50.

Related Links:

T-Mobile Reports Q4 Earnings Beat

SoftBank Plans $20B Offering Of Its T-Mobile Shares In Addition To Sale To Deutsche Telekom