T-Mobile US (TMUS) Target Lifted to $30 at Jefferies
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Price: $183.04 +1.00%
Rating Summary:
37 Buy, 10 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
37 Buy, 10 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Jefferies analyst Mike McCormack bumped his price target on Hold on T-Mobile US, (NYSE: TMUS) from $27 to $30 citing "undeniable positive changes," but stopped short of upgrading the stock due to remaining risks and maintained a Hold rating.
McCormack said, "Recent strategic actions by TMUS, together with operating momentum exiting 2013, provide reason to be more optimistic. Pricing actions, plan changes, and the factoring of receivables suggest a more disciplined approach with an eye towards managing cash flow. Nevertheless, we continue to see risks to the story. In addition, device financing and receivables factoring makes comparability with Street estimates, and among carriers less meaningful."
The firm trimmed Q1 EPS from $0.41 to $0.34 and FY 2014 EPS from $1.09 to $0.73.
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 $31.20 yesterday.
McCormack said, "Recent strategic actions by TMUS, together with operating momentum exiting 2013, provide reason to be more optimistic. Pricing actions, plan changes, and the factoring of receivables suggest a more disciplined approach with an eye towards managing cash flow. Nevertheless, we continue to see risks to the story. In addition, device financing and receivables factoring makes comparability with Street estimates, and among carriers less meaningful."
The firm trimmed Q1 EPS from $0.41 to $0.34 and FY 2014 EPS from $1.09 to $0.73.
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 $31.20 yesterday.
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