T-Mobile US (TMUS) has been capturing market attention with its strong performance and growth. In Q3 2024, the company saw substantial growth in customers, service revenues, profitability and cash flows, triggering the company to raise its year-end guidance. The telecom giant even announced an increase in its dividend to $0.88. This success resulted in upgraded
stock ratings and higher price targets by several firms, including
BofA Securities, TD Cowen, Benchmark, and
Oppenheimer. Despite this, Raymond James downgraded the company to 'Market Perform'. TMUS reported a Q3 net income boost of 43% and robust subscription strength driving stock prices. New initiatives such as the unveiling of
T-Priority for First Responders and a partnership with OpenAI provide promising developments. Still, threats loom large, with T-Mobile being the largest carrier in a fiercely competitive market. Other key updates include a $2.5 billion senior notes deal, a 35% quarterly dividend increase, and a provision to fund hurricane relief efforts. TMUS plans to acquire Metronet, in a joint venture with KKR, and U.S Cellular's wireless operations in a $4.4 billion deal.
T-Mobile Us TMUS News Analytics from Fri, 26 Apr 2024 07:00:00 GMT to Sat, 26 Oct 2024 10:40:31 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 6
