BTIG Upgrades T-Mobile US, (TMUS) to Buy

BTIG upgraded T-Mobile US, (NYSE: TMUS) from Neutral to Buy with a price target of $42.00. Analyst Walter Piecyk pointed to FCF and EPS potential.

"T-Mobile is one of the few, true growth stories left in telecom and its management team continues to find new ways to grow the customer base. T-Mobile’s sustained market share gains have enabled the company to achieve the scale necessary to produce meaningful free cash flow and even EPS. These are key milestones that merit a re-rating of the stock. T-Mobile is also a key strategic asset that could enable a new entrant to enter the attractive US market. The company is controlled by Deutsche Telekom, which we do not believe would sell cheaply," said Piecyk.

For an analyst ratings summary and ratings history on T-Mobile US, click here. For more ratings news on T-Mobile US, click here.

Shares of T-Mobile US, closed at $32.76 yesterday.

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