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

Loading...
Loading...
TMUS Logo
TMUST-Mobile US Inc
$240.76-0.19%

Stock Score Locked: Edge Members Only

Benzinga Rankings give you vital metrics on any stock – anytime.

Unlock Rankings
Edge Rankings
Momentum
87.45
Growth
44.30
Quality
75.79
Value
23.38
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm

Posted In:
Comments
Loading...