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    TMUS   US8725901040

T-MOBILE US

(TMUS)
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T Mobile US : Mobile's subscriber boos challenges A& for spo as second-larges U.S. carrier

08/06/2020 | 10:40pm EDT
A T-Mobile logo is seen on the storefront door of a store in Manhattan

T-Mobile US Inc added more monthly phone subscribers than expected in the second quarter and said on Thursday it has overtaken rival AT&T Inc as the second-largest wireless provider in the United States.

T-Mobile got a boost as more people used its services to stay connected and work remotely during coronavirus lockdowns, sending shares up 5.4% to $114.02 in extended trading.

The company said it has overtaken AT&T across postpaid, in which customers pay a recurring monthly bill, and prepaid phones - customers paying for service in advance.

T-Mobile reported 98.3 million customers in those categories, while AT&T had nearly 93 million postpaid and prepaid subscribers in its second quarter.

Subscriber figures between U.S. carriers can be difficult to compare given the variety of plans offered. AT&T declined to comment.

T-Mobile added 253,000 net new phone subscribers who pay a monthly bill, compared with 710,000 additions a year earlier.

Analysts had expected 169,200 new subscribers, according to research firm FactSet. 

The carrier, which completed its merger with Sprint in April, reported the quarterly results as a combined company for the first time.

T-Mobile said during the earnings call with analysts that more than 10% of network traffic from Sprint's postpaid customers have been migrated to T-Mobile.

The carrier has sought to attract budget-constrained customers with its cheaper phone plans after the pandemic left millions of people in the United States unemployed.

T-Mobile's second-quarter net income fell to $110 million, or 9 cents per share, from $939 million, or $1.09 per share, a year earlier, due to Sprint merger costs.

Revenue jumped 61% to $17.67 billion, above analysts' estimates of $17.61 billion, according to IBES data from Refinitiv.

By Sheila Dang and Munsif Vengattil


ę Reuters 2020
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Financials (USD)
Sales 2021 79 664 M - -
Net income 2021 2 593 M - -
Net Debt 2021 68 525 M - -
P/E ratio 2021 65,3x
Yield 2021 -
Capitalization 183 B 183 B -
EV / Sales 2021 3,15x
EV / Sales 2022 3,01x
Nbr of Employees 75 000
Free-Float 55,8%
Chart T-MOBILE US
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T-Mobile US Technical Analysis Chart | TMUS | US8725901040 | MarketScreener
Technical analysis trends T-MOBILE US
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 32
Average target price 163,01 $
Last Close Price 146,45 $
Spread / Highest target 70,7%
Spread / Average Target 11,3%
Spread / Lowest Target -11,2%
EPS Revisions
Managers and Directors
NameTitle
G. Michael Sievert President, Chief Executive Officer & Director
Peter Osvaldik Chief Financial Officer & Executive VP
Timotheus H÷ttges Chairman
Cody Sanford Executive VP, Chief Information & Product Officer
Abdul Saad Chief Technology Officer & Executive VP
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