Canaccord Genuity Comments on Renewed T-Mobile US (TMUS) Takeover Rumors

Canaccord Genuity analyst Gregory Miller weighed in on T-Mobile US, (NYSE: TMUS) amid renewed takeover speculation, this time by Carlos Slim-controlled American Movil.

"Although such speculation has been offered and subsequently dismissed in the marketplace before, we do not expect the seemingly never-ending stream of speculation to end anytime soon," Miller said. "We continue to believe that the best case scenario for the industry overall would be a merger with Sprint (NYSE: S). We also believe the regulatory approval of such is likely at least two years out, after it becomes clear that a four competitor market is simply not sustainable over the long term. Finally, although we do not expect the same level of share gains for 4Q14
as witnessed earlier this year, we expect a return of market share growth in early 2015."

The firm reiterated a Buy rating and price target of $39 on TMUS.

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 $26.68 yesterday.

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