Morgan Stanley Sees Limited Growth Prospects for T-Mobile US

In a report published Wednesday, Morgan Stanley analyst Simon Flannery reiterated an Equal-Weight rating on

. In the report, Morgan Stanley noted, “Increased competition and a highly saturated wireless market should limit growth prospects in the US. The postpaid business remains with two dominant national players, Verizon and AT&T, with significant family / business plan exposure that have better churn characteristics, which could limit T-Mobile from taking share.” T-Mobile US closed on Tuesday at $30.47.