T-Mobile Expansion In Untapped Markets Likely To Generate 'Significant' Cash Flow, Analyst Says


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


The continued deployment of low-band spectrum combined with the continuing expansion of retail stores will increase T-Mobile US Inc. (NASDAQ:TMUS)’s market presence and pave the way for strong revenue generation, according to Raymond James.

The Analyst

Ric Prentiss of Raymond James upgraded T-Mobile from Market Outperform to Strong Buy and reiterated a $76 price target.

The Thesis

T-Mobile undertook heavy expansion efforts in 2017, opening 1,500 T-Mobile-branded stores and 1,300 MetroPCS-branded stores, Prentiss said in a Friday note. (See the analyst’s track record here.)

Many of the stores were in legacy markets, and the company is now continuing expansion efforts into "greenfield" markets, indicating a growing retail presence, Prentiss said. This expansion into new markets  is likely to result in significant cash flow generation, he said. 

Price Action

T-Mobile shares closed Friday up 0.54 percent at $59.20.

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Photo by Mtaylor848/Wikimedia. 


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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Posted In: Analyst ColorUpgradesPrice TargetAnalyst RatingsRaymond JamesRic PrentissT-MobileWireless Carriers