BUZZ-Street View: T-Mobile to extend lead as telecom's top growth story

Reuters
02/12
BUZZ-Street View: T-Mobile to extend lead as telecom's top growth story

** T-Mobile TMUS.O raised forecast for 2027 service revenue and adjusted free cash flow on rising demand for its broadband offerings and premium 5G mobile plans that include streaming perks

** Average rating of 31 analysts is "buy"; their median PT is $262.50 - LSEG-compiled data

MULTI-YEAR GROWTH

** J.P.Morgan ("overweight," PT: $300) says TMUS' outlook on volume growth, competition and its emphasis on account-level and ARPA growth should reassure investors and ease concerns about rising competitive pressures and undisciplined pricing in wireless market

** Deutsche Bank ("buy," PT: $300) says TMUS will continue to be fastest-growing company in telecom-cable sector over next few years and remains well-positioned despite not having fixed line home broadband footprint as large as others in industry

** Scotiabank ("sector outperform," PT: $266) says, "it all comes down to free cash flow and on that metric it is hard not to like what we see"

** Morgan Stanley ("overweight," PT: $260) says TMUS remains only large-cap growth business in global telecom

(Reporting by Joel Jose in Bengaluru)

((joeljose@thomsonreuters.com))

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