T-Mobile (TMUS) Stock Gains Despite Huawei Patent Suit

T-Mobile (TMUS) stock is up as the company faces a patent suit by Huawei Technologies over the latter’s 4G technology.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of T-Mobile (TMUS) - Get Report  are up 1.37% to $43.55 this afternoon after Huawei Technologies filed a copyright infringement lawsuit against the company.

Huawei, a Chinese telecommunications company, is accusing the U.S. carrier provider of using its patented wireless technology without signing a licensing agreement.

Huawei said in a statement that its patents are integral to the operation of fourth-generation (4G) wireless network services, the Wall Street Journal reports.

T-Mobile and Huawei had previously discussed a deal to license the patents, but disagreements between the two companies ended the conversation.

Both were involved in a lawsuit in 2014 when T-Mobile accused Huawei of using its patented phone-tested technology. That suit will go to trial this fall.

Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B.

The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations.

TheStreet Ratings feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that TheStreet Ratings evaluated.

You can view the full analysis from the report here: TMUS

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

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