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T-Mobile US, Inc. has received a Buy rating from UBS, highlighting its strong position in mobile telecommunications services, which account for 80.5% of its revenue. The company serves 119.7 million subscribers as of the end of 2023 and also generates revenue from equipment sales and other services. T-Mobile operates approximately 3,400 retail outlets and offers products online under the T-Mobile and Metro by T-Mobile brands.
T-Mobile US, Inc. specializes in mobile telecommunication services, generating 80.5% of its sales from mobile and data services for 119.7 million subscribers as of 2023. Equipment sales account for 18%, primarily from handsets and accessories, with the remainder from other services. The company operates around 3,400 retail stores under the T-Mobile and Metro by T-Mobile brands, alongside online sales.
UBS has raised its target price for T-Mobile US to $255, maintaining a 'Buy' rating. The stock closed at $233.61, reflecting a 5.73% increase on October 24, with trading activity across various exchanges showing positive momentum. The annual high for the stock stands at $234.31, while the low is $137.99.
UBS has increased its price target for T-Mobile US from $210 to $255, maintaining a "Buy" rating following the company's quarterly results, which surpassed expectations and demonstrated industry-leading growth. Analyst John Hodulik highlighted the strong performance in his initial reaction.
T-Mobile US Inc. reported a net gain of 865,000 monthly phone subscribers, surpassing analysts' expectations of 732,900. The Bellevue-based carrier also raised its forecasts for new customers and earnings this year, with revenue increasing 4.7% to $20.16 billion, slightly above the anticipated $20 billion.
T-Mobile has reached a $31.5 million settlement with the FCC following multiple data breaches that compromised the personal information of millions of customers. The agreement includes a $15.75 million fine and an equal investment in cybersecurity improvements. The breaches affected approximately 37 million customers in January 2023, with previous incidents in 2022 and 2021 impacting 76 million accounts.
T-Mobile US, Inc.
Companies
| Symbol | TMUS |
| Name | T-Mobile US, Inc. |
| Currency | USD |
| Sector | Communication Services |
| IndustryGroup | Telecommunication Services |
| Industry | Diversified Telecommunication Services |
| Market | NASDAQ Global Select |
| Country | United States |
| State | WA |
| City | Bellevue |
| Zipcode | 98006-1350 |
| Website | http://www.t-mobile.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
T-Mobile US receives buy rating as subscriber base reaches 119.7 million
18:20 24.10.2024
T-Mobile US maintains strong performance with diverse telecommunication services and retail network
15:10 24.10.2024
ubs raises t-mobile us price target to 255 dollars
14:23 24.10.2024
UBS raises T-Mobile US price target to 255 dollars maintaining buy rating
14:23 24.10.2024
T-Mobile surpasses subscriber expectations and raises earnings guidance
22:11 23.10.2024
T-Mobile agrees to 31.5 million settlement over multiple data breaches
02:00 03.10.2024
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