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Why T-Mobile's Stock Is Trading Higher Today

Tanzeel Akhtar

T-Mobile (NASDAQ: TMUS) shares are trading higher on Friday.

Raymond James maintained its Outperform rating on the stock and raised its price target from $99 to $105 per share.

Deutsche Telekom merged its T-Mobile USA unit with prepaid specialist MetroPCS in 2013, creating T-Mobile US. Following the merger, the firm provided nationwide service in major markets but spottier coverage elsewhere. T-Mobile is the third-largest carrier in the U.S., trailing AT&T and Verizon, though it will roughly match AT&T's size with the acquisition of Sprint.

T-Mobile shares were trading up 1.77% at $96.06 on Friday. The stock has a 52-week high of $102.73 and a 52-week low of $63.50.

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Latest Ratings for TMUS

Date Firm Action From To
May 2020 Raymond James Reiterates Outperform
May 2020 KeyBanc Maintains Overweight
May 2020 Citigroup Maintains Buy

View More Analyst Ratings for TMUS
View the Latest Analyst Ratings

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