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T-Mobile US (TMUS) Stock Boosted by Favorable Coverage Initiation

NEW YORK (TheStreet) -- T-Mobile US (TMUS - Get Report) shares are rallying 2.10% to $40.79 on Friday after analysts at Nomura began coverage of the carrier with a "buy" rating and a $48 price target.

"T-Mobile vaulted beyond its failed AT&T (T) deal into a market share gainer," analysts said.

The firm is bullish on the communications service's growth story and expects its share gains to continue in the future.

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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.

It will trade under its current symbol and its preferred stock will trade under (TMUSP), the Journal added.

So far this year, shares have increased 48%.

Separately, TheStreet Ratings team rates T-MOBILE US INC as a Buy with a ratings score of B-. TheStreet Ratings Team...


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