Barclays Reiterates Equal-Weight on T-Mobile US as Subscriber Momentum Persists

In a report published Thursday, Barclays Capital analyst Amir Rozwadowski reiterated an Equal-Weight rating and $24.00 price target on T-Mobile US (NYSE: TMUS).

In the report, Barclays Capital noted, “Overall, recent checks suggest that T-Mobile US' subscriber trends continue to benefit from its well received marketing initiatives as positive post paid net additions remain robust, thereby leading us to once again edge up our estimates. Though gains are again likely to come at the expense of margins, we believe ongoing momentum remains the principle driver of the shares, keeping our near-term constructive view in place.”

T-Mobile US closed on Wednesday at $26.61.