Citi raised the firm’s price target on T-Mobile to $184 from $176 and keeps a Buy rating on the shares. The analyst expects T-Mobile to report a solid Q1 performance with service revenue growth of 2% year-over-year, core EBITDA growth of 7%, and normalized fee cash flow growth of 25%. The firm updated its model for better postpaid phone net adds near consensus, while moderating its EBITDA outlook with a little more back-end loading than initially expected, partly on the better phone growth from prior estimates.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TMUS:
- Dialpad in partnership with T-Mobile announce Ai Recaps launch
- EchoStar does not believe T-Mobile spectrum option will be exercised
- AT&T’s (NYSE:T) Outage Was a Network Glitch, Not a Cyberattack
- T-Mobile says wireless network continuing to operate normally
- Wide-Scale Outage Sends Communications Stocks Down