T-Mobile stock gets a downgrade amid competitive concerns

T-Mobile US Inc. TMUS, -1.41% faces stiff contention successful the wireless marketplace that could further dilatory its stock gains, according to KeyBanc Capital Markets expert Brandon Nispel. He downgraded T-Mobile's banal to assemblage value from overweight Sunday, successful a enactment titled "Just Another Carrier." In Nispel's view, the cablegram manufacture could beryllium the biggest stock gainer successful the wireless market, and helium expects cablegram operators to proceed winning share. As for T-Mobile, helium worries that "the postpaid to prepaid migration is taking above-normal stock of TMUS's ain postpaid telephone nett additions, suggesting little prime nett additions." Nispel argued that chap wireless operators Verizon Communications Inc. VZ, -0.02% and AT&T Inc. T, -0.09% are some positioning their offerings competitively, with Verizon successful peculiar rolling retired a compelling program afloat of "differentiated" add-ons similar escaped limited-time entree to Walt Disney Co.'s DIS, -0.50% Disney+ streaming work and Apple Inc.'s AAPL, +1.96% Apple Arcade gaming subscription. Further, Nispel wrote that T-Mobile's caller information breach "is apt to instrumentality immoderate upwind retired of the sail, conscionable astatine a clip erstwhile competitors are ramping up." Shares of T-Mobile person mislaid 2.2% implicit the past 3 months arsenic the S&P 500 [S: SPX] has gained 7.3%.