Tag: t-mobile price target
According to Makan Delrahim, the T-Mobile and Sprint merger would increase competition in the wireless market and benefit consumers.
Currently, T-Mobile (TMUS) stock is trading at 19.75x analysts' fiscal 2019 EPS estimate of $4.01, and 16.50x their fiscal 2020 estimate of $4.80.
T-Mobile has paused some of its 5G network deployment efforts amid its pending Sprint merger. The stock fell 1.2% on Tuesday and closed at $77.13.
On Tuesday, Oppenheimer analyst Timothy Horan downgraded T-Mobile stock to “perform” from “outperform.” The analyst also removed the target price.
T-Mobile stock is trading at a discount of 10.3% to its 52-week high of $85.22. The stock is trading at a premium of 27.6% to its 52-week low of $59.96.
This week, Raymond James and RBC raised their target prices for T-Mobile stock from $86 to $94 and $80 to $87, respectively.