Cowen Remains Bullish on T-Mobile (TMUS) Following 2Q15 Results
Cowen reiterated an Outperform rating and $45.00 price target on T-Mobile US (NYSE: TMUS) following 2Q15 results. TMUS reported revenue of $8.179B vs. the Street’s $7.901BE. EBITDA was $1.817 vs. the Street’s $1.761BE.
Analyst Colby Synesael commented, "With sub metrics already pre-announced, the 2Q15 print proved T-Mobile is hitting on all cylinders (subs, ARPU, margins) proving that sub growth and profitability can coexist. The stock rallied as the consensus view expected 2015 EBITDA to track at the low-end of guidance while 1H15 results/mgmt. commentary suggests the mid-point or better remains within reach. Reiterate Outperform."
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 $38.86 yesterday.