Why T-Mobile (TMUS) Stock Is Up Today

NEW YORK (TheStreet) -- T-Mobile  (TMUS) shares rose Thursday after its parent company, Deutsche Telecom (DTEGY) , said it would be willing to negotiate a sale of the fourth-largest U.S. wireless carrier if a deal valued the company at a minimum of $35 a share, according to Bloomberg.

Senior managers at Deutsche Telekom discussed the U.S. wireless carrier's valuation during a meeting in Berlin on Thursday, according to the report. T-Mobile recently rejected French carrier Iliad's bid of $33 a share, and Bloomberg's source said the company has yet to receive an increased offer from any prospective buyer.

Sprint  (S) , the third-largest U.S. carrier, also withdrew from contention to acquire T-Mobile earlier this month.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

T-Mobile was up 1.63% to $29.92 at 2:23 p.m. More than 7.5 million shares had changed hands, compared to the average volume of 4,511,420.

TMUS Chart TMUS data by YCharts

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

More from Markets

Jim Cramer on Earnings: All Stories Aren't Equal

Jim Cramer on Earnings: All Stories Aren't Equal

Stocks Seek Direction Amid a Rise in Bond Yields, Strong Earnings

Stocks Seek Direction Amid a Rise in Bond Yields, Strong Earnings

4 Stocks Making Important Moves Wednesday

4 Stocks Making Important Moves Wednesday

Dow Futures Turn Positive After Boeing Earnings Blowout; Twitter Boosts Nasdaq

Dow Futures Turn Positive After Boeing Earnings Blowout; Twitter Boosts Nasdaq

Facebook, Boeing, Shire and Credit Suisse - 5 Things You Must Know

Facebook, Boeing, Shire and Credit Suisse - 5 Things You Must Know