T-Mobile (TMUS) PT, Estimates Raised at Jefferies

October 25, 2016 7:27 AM EDT
Get Alerts TMUS Hot Sheet
Price: $59.62 --0%

Rating Summary:
    20 Buy, 8 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
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Jefferies analyst Mike McCormack reiterated a Buy rating and raised his price target on T-Mobile US, (NASDAQ: TMUS) to $59.00 (from $55.00) following strong results.

commented, "T-Mobile continued its momentum with a postpaid handset net add beat, and stronger ARPU. ARPU remains a key focus, with an eye on the impact of promotional/competitive activity. Management expects "stable" ARPU going forward, which supports our bullish view on revenue growth. A guidance raise on adds and ARPU furthered sentiment. In our view, yesterday's stock performance was also fueled by M&A speculation, though we doubt a deal is in the offing near term."

The firm raised Q4 EPS from $0.21 to $0.36 and FY 2016 EPS from $1.27 to $1.63.

For an analyst ratings summary and ratings history on T-Mobile US, click here. For more ratings news on T-Mobile US, click here.

Shares of T-Mobile US, closed at $51.19 yesterday.

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