“Shares of T-Mobile USA (TMUS) are up 17 cents, or 0.9%, at $20.09, after Deutsche Bank’s Brett Feldman raised his rating on the shares to Buy from Hold, and set a $28 price target, writing that it trades at a ‘significant’ discount to peer stocks while there it has ‘operating momentum,'” Tiernan Ray reports for Barron’s.
“On the operations side, Feldman thinks the company’s planned upgrade to its network to support ‘long-term evolution,’ the higher-capacity 4G cellular standard, will help it leapfrog Sprint-Nextel,” Ray reports. “Feldman also thinks T-Mobile will recoup a decline in gross subscriber additions to 11% growth in Q1 from 15% two years earlier, now that it has Apple‘s (AAPL) iPhone.”
Ray reports, “Feldman thinks estimates can go higher as the combined T-Mobile and MetroPCS expand into new markets.”
Read more in the full article here.