Why T-Mobile Stock Is Increasing Today

T-Mobile (TMUS) stock is rising on Friday afternoon after Pacific Crest called it a best investment compared to mobile phone carriers
By Annie Palmer ,

NEW YORK (TheStreet) -- T-Mobile (TMUS) - Get Report stock climbed 0.94% to $44.44 in trading Friday afternoon after Pacific Crest called it a best investment when compared to Verizon (VZ), AT&T (T) and Sprint (S).

T-Mobile may be the catalyst behind Verizon's latest efforts to trim data charges, which could lead to further cuts at AT&T and Sprint as Apple's (APPL) iPhone 7 launches this fall, Pacific Crest said, according to Barron's

"Over the long term, carriers' ability to monetize their customers data usage will be limited, and leads to our belief that market share takers are the best way to invest," Pacific Crest noted. 

The firm added that overall growth will be sluggish in the second quarter, particularly for AT&T and Sprint. 

Additionally, T-Mobile announced yesterday that it would be offering free, unlimited data for the viral Nintendo (NTDOY) app Pokemon Go on July 19. It will also provide free Lyft (LYFT) rides up to $15 to a new PokeStop or Gym.

Separately, 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. TheStreet Ratings has this to say about the recommendation:

We rate T-MOBILE US INC as a Buy with a ratings score of B. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. 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. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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

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