T-Mobile US, (TMUS) FWA App Downloads Up ~30% QoQ - Morgan Stanley
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Rating Summary:
37 Buy, 8 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
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Morgan Stanley analyst Simon Flannery reiterated an Overweight rating and $159.00 price target on T-Mobile US, (NASDAQ: TMUS), highlighted that FWA app downloads were up ~30% sequentially in Q3. The stock is a Top Pick for the firm.
The analyst commented, "... the latest data from Sensor Tower shows a record 383k T-Mobile Home Internet app downloads in September, which is up 6% from 363k in August. This puts total 3Q22 downloads at 1.07mn, up 29% from 834k in 2Q22. T-Mobile's momentum through the quarter could
relate to both improved seasonality (back to school) and the launch of a nationwide capped FWA product."
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 $134.17 yesterday.
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