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T-Mobile falls as KeyBanc downgrades to 'underweight'

ReutersJul 9, 2025 11:20 AM

Shares of wireless carrier T-Mobile TMUS.O fall 1.8% to $231.8 premarket

Brokerage KeyBanc Capital Markets downgrades TMUS to "underweight" from "sector weight"

"We think TMUS's consumer value prop has deteriorated due to recent pricing actions, which suggest TMUS shouldn't take outsized share of the industry net adds," brokerage says

19 of 30 brokerages rate the stock "buy" or higher, 10 "hold" and 1 "sell"; their median PT is $271

Up to last close, stock had risen 6.9% YTD

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