On July 24, T-Mobile US rose 3.79% in regular trading, trading at 178.09 USD/share, with turnover of approximately $58.65 million. The stock rebounded after plunging over 8% the previous session following a Q2 revenue miss.
On the news front, multiple investment banks adjusted their price targets post-earnings but maintained positive ratings. Deutsche Bank lowered its target to $250 from $285 while keeping a Buy rating; Scotiabank cut its target to $232 from $243, maintaining Sector Outperform; Benchmark reduced its target to $280 from $295. The FactSet consensus mean price target stands at $242.52 with an average Buy rating.
On fundamentals, the company reported Q2 EPS of $2.99, beating the consensus estimate of $2.58 by approximately 16%, while raising full-year adjusted free cash flow guidance to $18.4-$18.8 billion, above the prior $18.1 billion expectation. Although revenue of $22.79 billion missed the $22.94 billion estimate and net account additions declined 13% year-over-year, strong profitability and improved cash flow guidance provided support for the rebound.
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