T-mobile

Morgan Stanley analyst Simon Flannery maintains T-Mobile US (NASDAQ:TMUS) with a Overweight and raises the price target from $179 to $180.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our 12-month target price at $175, applying an EV/EBITDA multiple of 9.9x to our 2024 estimate, a premium to its three-year historical average multiple at 9.0x, reflecting strong postpaid consumer net additions. We trim our 2023 EPS estimate by $0.12 to $7.64 and lower 2024’s by $0.08 to $10.17. TMUS reported Q3 operating EPS of $2.00 vs. $2.27, $0.11 above the consensus. Q3 service revenue increased 4%, driven by 6% growth in postpaid service, while equipment revenue fell 20% due to lower postpaid upgrades and prepaid sales. Postpaid phone net additions were 850K, leading the industry, while prepaid net adds were 79K and Internet net adds came in at 557K. Overall results were very strong, with a slight increase to FCF guidance despite slightly higher

T-Mobile  (NASDAQ:TMUS) Dividend Payable Dec. 15 to Shareholders of Record Dec. 1

T-mobile (NASDAQ:TMUS) had revenue of $20.27 billion in the fourth quarter of 2022 and is expected to be $20.54 billion.