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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.

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.

Related Links:

T-Mobile Reports Q4 Earnings Beat

SoftBank Plans $20B Offering Of Its T-Mobile Shares In Addition To Sale To Deutsche Telekom

Latest Ratings for TMUS

DateFirmActionFromTo
May 2020Raymond JamesReiteratesOutperform
May 2020KeyBancMaintainsOverweight
May 2020CitigroupMaintainsBuy

View More Analyst Ratings for TMUS
View the Latest Analyst Ratings

 

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Latest Ratings

StockFirmActionPT
REGNCFRAMaintains549.0
NACFRAMaintains59.0
MRSNSVB LeerinkReiterates21.0
CTASB of A SecuritiesDowngrades
VICRBWS FinancialInitiates Coverage On84.0
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