T-Mobile Investors Likely To Win Regardless Of Sprint Outcome, Says Nomura

WHAT'S NOTABLE

On Monday, Cowen analyst Colby Synesael said he remains positive on T-Mobile and that he expects more meaningful upside in 2020 on a no deal outcome as opposed to deal approval. The analyst said he believes the deal will be denied but sees upside because the company continues to execute and it is now generating significant free cash flow yet trades at just 7.0x EBITDA on a standalone basis. Synesael reiterated his Outperform rating and $96 price target on T-Mobile shares.

PRICE ACTION

 In morning trading, shares of T-Mobile were up about 1% to $79.38. Meanwhile, Sprint shares were down fractionally at $5.20 per share.

 

 

 

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Comments

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David P. Goldsmith 4 months ago Member's comment

So either way $T is a win? Sounds good to me.