Why T-Mobile's Stock Is Trading Higher Today


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T-Mobile (NASDAQ: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.

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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.

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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