On July 16, T-Mobile US rose 3.13% in regular trading, trading at $193.265/share, with turnover of $234 million. The stock advanced alongside a broad rally in the wireless telecommunications sector, with peers Vodafone gaining 3.28% and Rogers Communications rising 2.82%.
On the news front, the move was supported by multiple bullish catalysts. Morgan Stanley recently reiterated T-Mobile as its top pick in the wireless space, arguing that wireless carriers are better positioned than cable operators as Starlink broadband expands, with cable providers like Comcast and Charter losing approximately 500,000 broadband subscribers annually. BofA Securities also upgraded the stock to Buy from Neutral with a $220 price target earlier this month. Additionally, Scotiabank maintained its Sector Outperform rating while adjusting its target to $243.
Fundamental support remains solid heading into the Q2 earnings report scheduled for July 23. In Q1, the company delivered EPS of $2.27, beating consensus estimates by over 12%, and raised its full-year postpaid net account addition guidance to 950,000–1,050,000, signaling confidence in sustained subscriber growth momentum.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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