In a report released today, Timothy Horan from Oppenheimer maintained a Buy rating on T Mobile US (TMUS), with a price target of $90. The company’s shares opened today at $68.
Horan commented:
“TMUS reported a solid quarter, in line with our estimates. Cash EBITDA of $2.80B in 4Q18, with a 24.5% margin, compares to our $2.79B estimate. Lower than estimated D&A and interest expense flowed into an EPS beat of $0.02 on reported $0.75 EPS. Subscriber metrics were very strong. Though pre-announced several weeks ago, phone-only net adds were 1.02M on record-low churn of 0.99% vs. our 1.06% est. Prepaid net adds of 135K were solid but slightly less than our 150K forecast, though TMUS is still working through rebranding. Phone-only RPU fell 0.2% y/y vs. our est. of flat, though it rose 0.3% sequentially.”
According to TipRanks.com, Horan is a top 100 analyst with an average return of 14.8% and a 69.2% success rate. Horan covers the Technology sector, focusing on stocks such as Zayo Group Holdings, Limelight Networks, and GTT Communications.
Currently, the analyst consensus on T Mobile US is a Strong Buy with an average price target of $83.33.
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The company has a one-year high of $70.94 and a one-year low of $55.09. Currently, T Mobile US has an average volume of 3.72M.
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T-Mobile US, Inc. engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 2004 and is headquartered in Bellevue, WA.
