Nomura Securities Starts T-Mobile US, (TMUS) at Buy

Nomura Securities initiates coverage on T-Mobile US, (NYSE: TMUS) with a Buy rating and a price target of $48.00.

Analyst Jeffrey Kvaal commented, "We initiate coverage of T-Mobile (TMUS) with a Buy rating and a $48 target price. T-Mobile has vaulted beyond its failed AT&T deal into a market share-gaining insurgent. We expect its share gains and EBITDA expansion to continue in the near term, given limited competitive response. We consider T-Mobile’s 6.1x EV/EBITDA multiple undemanding. Our $48 target price is 6.8x and 6.0x our 2016 and 2017 EBITDA estimates, respectively."

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 $39.94 yesterday.

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