T-Mobile US reported strong numbers this week and an increased forecast for 2020, which has also met with a response from analysts. So Goldman Sachs remains convinced of the paper and remains on the “conviction buy list” for the telecommunications value. The experts increase their target price for the Telekom share from 22 euros to 23 euros after the news from the Bonn company about the US subsidiary was better than expected. For comparison: The DAX stock ended Friday’s XETRA trading at EUR 14.175 and a 1.94 percent gain.
The DZ Bank analysts are surprised at how significantly the forecast has been raised. You confirm the buy recommendation for the shares of Deutsche Telekom. The price target for the papers from Bonn remains at EUR 19.50.
T-Mobile’s third-quarter revenue was $ 19.3 billion and adjusted EBITDA was $ 7.1 billion. Almost 2 million customers have been acquired. The US subsidiary now has more than 100 million customers. With the numbers, T-Mobile US increases the forecast. In the second half of the year there should be an EBITDA of $ 13.6 billion to $ 13.7 billion. The old estimate was $ 12.4 billion to $ 12.7 billion.
At a glance – chart and news: Deutsche Telekom