Morgan Stanley reports the firm’s wireless survey work points to an increase in the percentage of mobile subscribers planning to switch carriers. While AT&T (T) saw the highest percentage of planned switchers, with AT&T moving up the most year-over-year, it and T-Mobile (TMUS) were also the most popular intended destinations for switchers, the analyst tells investors. The firm, which updated estimates among the group, still prefers U.S. Wireless over U.S. Cable and Canadian Telecom, noted the analyst, who elevated T-Mobile to Top Pick among the group. The firm keeps an Overweight rating and $285 price target on T-Mobile shares.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TMUS:
- T-Mobile price target raised to $278 from $271 at Scotiabank
- TMUS, VZ, T: End of an Era as Dial-Up Internet Goes Extinct
- T-Mobile announces expansion of T-Satellite with Starlink
- T-Mobile price target raised to $300 from $280 at JPMorgan
- Evercore Analyst Hikes Apple Stock Forecast on a ‘Better-Than-Expected iPhone Refresh Cycle’