UPDATE: Canaccord Genuity Starts T-Mobile US, (TMUS) at Hold

June 18, 2013 7:01 AM EDT
Get Alerts TMUS Hot Sheet
Price: $58.66 --0%

Rating Summary:
    20 Buy, 8 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
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(Updated - June 18, 2013 11:23 AM EDT)

Canaccord Genuity initiated coverage on T-Mobile US, (NYSE: TMUS) with a Hold rating and a price target of $22.00. Analyst Greg Miller views shares as fully valued.

"Although we feel the company is a highly attractive takeover candidate for whichever company does not manage to acquire Sprint and/or Clearwire (either Softbank or Dish Networks), absent such an event the stock appears fully valued. Adjusted for differences in accounting of handset subsidies for its Value Plans, T-Mobile US trades at a slightly lower valuation than its peers. However, we believe the discount is warranted given the differences in scale, growth trajectory and margin profile relative to other national carriers," he said.

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 $22.32 yesterday.

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