Mobile to Begin Trading on NASDAQ

The Analysts at DA Davidson announces a current price target of $50 per share.

“We are proud to welcome T-Mobile U.S. to the NASDAQ family and look forward to a successful partnership with the company and its shareholders”. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and seventeen have assigned a buy recommendation to the company. T-Mobile United States stocks have climbed 48% so far while rivals, AT&T and Verizon Communications have declined. 1,800,080 shares of the company traded hands. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.18 by $0.24. The company has a market cap of $32,196 million and there are 814,875,000 shares in outstanding. (NYSE:TMUS). The rating major has initiated the coverage with an buy rating on the shares.

The stock price of T-Mobile United States increased 47.93% over the last 200 days, and is in mighty up trend. DA Davidson initiates coverage on T-Mobile USA, Inc. Our stocks momentum model is shown on the price chart below.

“As America’s Un-carrier, we’re all about unleashing wireless for all Americans”, said J. Braxton Carter, Chief Financial Officer for T-Mobile. The company received an average rating of 1.53 from 19 analysts.

Separately, the cellphone carrier said today that it will move its stock-exchange listing to the Nasdaq Global Select Market from the New York Stock Exchange on October 26, after the market closes, the Wall Street Journal reports. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.