Deutsche Bank Upgrades T-Mobile US, (TMUS) to Buy

May 20, 2013 7:02 AM EDT
Get Alerts TMUS Hot Sheet
Price: $59.62 --0%

Rating Summary:
    20 Buy, 8 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 11 | New: 9
Trade TMUS Now!
Join SI Premium – FREE
Deutsche Bank upgraded T-Mobile US, (NYSE: TMUS) from Hold to Buy with a price target of $28, suggesting 40% upside.

The firm's call is based on 2 key factors: (1) TMUS's improved operating momentum looks sustainable, and (2) TMUS's significant valuation discount vs. its peers looks too wide, even if we adjust for accounting differences and some strategic uncertainty.

The firm said both forecasts and our price target methodology may be conservative. The key risks to the story are the lack of scale versus AT&T and Verizon and its uncertain role in further consolidation.

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 $19.92 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Hot Upgrades, Upgrades

Related Entities

Deutsche Bank

Add Your Comment