Market Overview

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

Share:
T-Mobile Expansion In Untapped Markets Likely To Generate 'Significant' Cash Flow, Analyst Says
Related
82 Biggest Movers From Yesterday
66 Stocks Moving In Wednesday's Mid-Day Session
Merger Arbitrage Mondays - November 19, 2018 (Seeking Alpha)

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.

Related Links

Move Over Verizon, T-Mobile Is The New Top Mobile Network

T-Mobile's Layer3 TV Acquisition Is Scaring The Telecom Space

Photo by Mtaylor848/Wikimedia. 

Latest Ratings for TMUS

DateFirmActionFromTo
Oct 2018NomuraMaintainsNeutralNeutral
Oct 2018Wells FargoMaintainsOutperformOutperform
Jun 2018Wells FargoUpgradesMarket PerformOutperform

View More Analyst Ratings for TMUS
View the Latest Analyst Ratings

Posted-In: Raymond James Ric Prentiss T-Mobile Wireless CarriersAnalyst Color Upgrades Price Target Analyst Ratings Best of Benzinga

 

Related Articles (TMUS)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
XECImperial CapitalDowngrades35.0
SSTIImperial CapitalUpgrades49.0
AVDLoop CapitalUpgrades29.0
FCREYDeutsche BankUpgrades0.0
OECUBSUpgrades34.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Pot Stocks, ETFs And Other Top News In The Cannabis Industry This Week

Was This Week A 'Healthy' Pullback? Doesn't Seem Like It.