T-Mobile set for its ninth consecutive session of gains; on-track for a record high

T-Mobile US (NASDAQ:TMUS) shares were on track for their ninth straight session of advances, gaining about 7% over that period.

The telecommunications company rose 1.52% to $158.78 by early afternoon, eyeing a record high if the stock ends the day with gains. The current optimism also meant that TMUS was on track for its sixth consecutive record high.

Overall, TMUS has gained about 12.49% since the start of the year, underperforming the S&P 500, which has gained about 20.40% in the same period.

Looking at Seeking Alpha’s Quant ratings, T-Mobile has a Strong Buy rating, with a score of 4.51 out of 5. The Washington-based company receives an A+ and an A on profitability and growth prospects but receives a D+ on its valuation.

Turning to the Wall Street community, 27 analysts gave the company a Buy or higher rating, while one gave it a Hold and another one gave the company a Sell or lower recommendation.

Seeking Alpha analysts generally see the stock as a Buy. SA Analyst GS Investing endorses the stock as a Buy due to its consistent cash generation and shareholder-friendly approach.

“3Q23 results showed solid growth in total revenue and service revenue, as well as higher-than-expected free cash flow.” the analyst added.

The month of November was favorable to TMUS with 14 sessions in green and seven in red.