T-Mobile falls as Oppenheimer downgrades to 'perform' from 'outperform'

Telecom operator T-Mobile's TMUS.O shares fall 1.2% to $208 premarket

Oppenheimer downgrades rating to "perform" from "outperform"; maintains PT of $300, representing a 42.5% upside to the stock's last close

TMUS will "have a difficult time beating subscriber and FCF estimates after a decade of outsized share gains and margin expansion"- brokerage

Competitor Comcast CMCSA.O has aggressively lowered broadband prices, and Verizon VZ.N likely to increase handset promotions and content bundles, leading to intensified competition and driving TMUS to eventually increase prices and slow share gains - brokerage

Avg rating of 31 anaysts is "buy," their median PT is $270 - data compiled by LSEG

Up to last close, stock down 4.6% this year