Wall Street’s Recommendations for T-Mobile
About 74.2% of 31 recommendations by Wall Street’s analysts on T-Mobile’s stock was for a “buy” as of April 27, 2016. Meanwhile, the share of “hold” recommendations on T-Mobile represented ~22.6% of these recommendations.
T-Mobile’s forward EV-to-EBITDA metric was ~5.5x as of April 27, 2016. This multiple was larger than that of Sprint at ~4.9x on the same date.
T-Mobile continued to boost its 4G LTE coverage in 1Q16. During the quarter’s earning call on April 26, 2016, the company noted that its 4G LTE network encompassed 308 million people.
T-Mobile’s prepaid customers grew by ~12.5% year-over-year to reach ~18.4 million by the end of 1Q16.
T-Mobile’s postpaid phone churn was ~1.3% in 1Q16. The carrier’s postpaid phone churn metric for 4Q15 was ~1.46%.
By the end of 1Q16, T-Mobile’s postpaid subscribers had grown by a significant ~15.6% YoY and reached ~32.7 million.
An April 26, 2016, report noted that Time Warner’s (TWX) Turner planned to launch an online movie subscription service called FilmStruck later in 2016. This could be a move by Time Warner to increase its share of the Millennials market.
T-Mobile’s service revenue continued its solid growth trend, increasing by ~13% YoY to reach ~$6.6 billion during 1Q16. In 4Q15, this stream had increased by ~11.7% YoY.
T-Mobile (TMUS) reported its 1Q16 results on April 26, 2016. The US wireless company had an EPS of $0.56 in 1Q16.
Of the 49 analysts covering Apple’s stock, 37 have given it “buy” recommendations, and 12 have recommended “holds.”
Apple (AAPL) decided to slash Apple Watch prices last month. Average daily sales rose 250% sequentially, according to new metrics from Slice Intelligence.
Apple’s board of directors authorized a buyback, setting a repurchase authorization at $175 billion, a rise from the $140 billion announced in April 2015.
Apple Pay expanded its services in Australia last week, five months after American Express introduced Apple Pay to the Australian market via a partnership.
SoundCloud’s Go service will provide “amateur remixes, but also the artists’ official recordings,” similar to Spotify and Apple Music (AAPL).
The services segment is now the second-largest revenue producer for Apple. It consists of the iTunes, App Store, AppleCare, and Apple Pay businesses.
Apple’s (AAPL) revenue in China (FXI) fell 26% YoY (year-over-year), from $16.8 billion in fiscal 2Q15 to $12.5 billion in fiscal 2Q16.
In fiscal 2Q16, Apple shipped approximately 10.3 million iPad units and generated revenue of $4.4 billion. It shipped 12.6 million units in fiscal 2Q15.
Apple saw a 9% YoY fall in its Mac revenue. Its revenue in this business segment fell to $5.1 billion in fiscal 2Q16 from $5.6 billion in fiscal 2Q15.
Apple launched the iPhone SE in India (INDA) on April 8, 2016. It commands a 36% price premium in India compared to the United States.
Brean Capital remains bullish on Apple, but it expects total iPhone sales to fall by 16 million units in 2016, driven by a slowdown in the global market.