Credit Suisse on Friday issued a report on T-Mobile US Inc TMUS after the company released its fourth-quarter earnings. Credit Suisse reiterated an Outperform rating and $39 price target.
Analyst Joseph Mastrogiovanni wrote, "T-Mobile demonstrated an ability to maintain strong subscriber momentum during 2014. Despite heavy competition, there were no signs of a slowdown in 4Q14...We believe strong operating performance during 2015 will continue to drive the stock price higher."
T-Mobile reported EBITDA of $1.751 billion for the fourth quarter, beating consensus estimates of $1.681 billion. In its call with investors, management at T-Mobile said that they do not expect to raise equity to meet funding requirements over the next couple of years. The company currently has over $5.3 billion in cash, giving them a net leverage of 3.2x.
T-Mobile recently traded at $32.01, up 0.5 percent.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.