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UPDATE: BMO Capital Initiates Coverage On T-Mobile US

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In a note released Tuesday morning, BMO Capital analyst Kevin Manning initiated coverage on T-Mobile US (NYSE: TMUS) with an Outperform rating and a $40.00 price target.

Manning believes that T Mobile's continued subscriber growth, as well as its acquisition potential, outweigh concerns with the company. In terms of the deal with Sprint, Manning said there is a 60 percent chance the deal will go through, which is above the consensus expectations.

Shares of T-Mobile are down 1.15 percent Tuesday.

Latest Ratings for TMUS

DateFirmActionFromTo
Jan 2017Evercore ISI GroupInitiates Coverage OnBuy
Oct 2016Goldman SachsMaintainsBuy
Aug 2016Wells FargoUpgradesMarket PerformOutperform

View More Analyst Ratings for TMUS
View the Latest Analyst Ratings

Posted-In: BMO Capital Kevin ManningAnalyst Color Price Target Initiation Analyst Ratings

 

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