BUZZ - T-Mobile shares rise as its third-quarter revenue beats expectations

October 29 - ** U.S. wireless carrier T-Mobile (TMUS.O) shares rose 3.5% in premarket trading to $153.25

** TMUS reported quarterly revenue of $23.58 billion, higher than the $23.14 billion estimated by analysts polled by LSEG

** The report showed third-quarter earnings per share of $3.22, compared to $2.41 in the same period last year

** Raised its full-year core adjusted EBITDA forecast range from the previous $37.1-$37.5 billion to $37.35-$37.45 billion

** Stated that results benefited from strong postpaid business performance, primarily due to higher adoption of premium plans and modernization of pricing plans

** Of the 28 brokerages covering the stock, 24 have a “buy” or higher rating, and 4 have a “hold” rating; median target price is $231.94—data compiled by LSEG

** TMUS currently trades at 11.14 times its expected earnings over the next 12 months, compared with 7.99 times for AT&T (T.N) and 8.21 times for Verizon (VZ.N)

** As of the previous session close, TMUS is down more than 27% year-to-date

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