T-Mobile US: Gabelli reiterating TMUS as top Pick for 2015
Gabelli notes TMUS continues to be their top Telecom pick for 2015 with the company's solid spectrum position and opportunities to expand the MetroPCS prepaid brand to new geographic areas. The wireless sector in the U.S. continues to consolidate, and TMUS should command a 7.0-7.5x FY EBITDA multiple in a buyout/consolidation scenario. 2016 PMV of $50 per share.