Raymond James Assigns a Buy Rating on T Mobile US

By Jason Carr

In a report released today, Ric Prentiss from Raymond James assigned a Buy rating to T Mobile US (NYSE: TMUS). The company’s shares opened today at $62.12.

Prentiss observed:

“We do not expect DT’s limit of 80% ownership of TMUS outstanding shares to be a concern any time soon.”

According to TipRanks.com, Prentiss is a 5-star analyst with an average return of 13.4% and a 74.8% success rate. Prentiss covers the Technology sector, focusing on stocks such as Shenandoah Telecommunications Co, Telephone & Data Systems Inc, and Iridium Communications.

Currently, the analyst consensus on T Mobile US is Strong Buy and the average price target is $72.22, representing a 16.3% upside.

In a report issued on November 21, HSBC also upgraded the stock to Buy.

The company has a one-year high of $68.88 and a one-year low of $54.60. Currently, T Mobile US has an average volume of 4.81M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

T-Mobile US, Inc. engages in the provision of mobile communications services under the T-Mobile and MetroPCS brands in the U.S., Puerto Rico, and the U.S. Virgin Islands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services.