Shares of T-Mobile US Inc. are up 0.3% in Wednesday trading after Barclays analyst Amir Rozwadowski reinstated coverage of the stock with an overweight rating. "We think T-Mobile's improving cash generation capabilities provide a number of options for shareholder value creation with or without" regulatory approval for its Sprint Corp. deal, he wrote. Rozwadowski also reinstated coverage of Sprint shares, with an equal weight rating, writing that the company would have a lot of work to do if the T-Mobile acquisition offer isn't approved. "While Sprint's shares should benefit if the deal gets approved, the company's balance sheet and acknowledged need to ramp network investments could strain its financial and competitive flexibility should a deal not come to fruition," he wrote. T-Mobile shares have fallen 1.7% over the past 12 months, while Sprint shares have dropped 34% and the S&P 500 has gained 13%.