Tigress Financial Maintains Buy Rating for T-Mobile US: Here's What You Need To Know

Tigress Financial has decided to maintain its Buy rating of T-Mobile US TMUS and raise its price target from $202.00 to $204.00.

Shares of T-Mobile US are trading up 0.9% over the last 24 hours, at $139.42 per share.

A move to $204.00 would account for a 46.32% increase from the current share price.

About T-Mobile US

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 spent aggressively on low-frequency spectrum, well suited to broad coverage, and has substantially expanded its geographic footprint. This expansion, coupled with aggressive marketing and innovative offerings, produced rapid customer growth. With the Sprint acquisition, the firm's scale now roughly matches its larger rivals: T-Mobile now serves 73 million postpaid and 21 million prepaid phone customers, equal to around 30% of the U.S. retail wireless market. In addition, the firm provides wholesale service to resellers.

About Analyst Ratings

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This article was generated by Benzinga's automated content engine and reviewed by an editor.