Andre Almeida, a director at T-Mobile US, Inc. (NASDAQ:TMUS), a $254 billion telecommunications giant with a "GOOD" financial health rating according to InvestingPro, recently purchased shares of the company, according to a filing with the Securities and Exchange Commission. The transaction, which took place on December 9, involved the acquisition of 3,807.65 shares at an average price of $235.717 per share, totaling approximately $897,527. This purchase reflects Almeida's direct ownership of the shares. The stock has delivered an impressive 37% return over the past year, and analysts maintain a bullish outlook with price targets reaching up to $280. Discover more valuable insights about T-Mobile and access comprehensive analysis with InvestingPro, which offers additional ProTips and detailed financial metrics in its Pro Research Report.
In other recent news, T-Mobile US has seen several significant developments. The telecommunications giant reported robust service revenue growth, projected by Citi at approximately 4.5% in the fourth quarter of 2024, with core EBITDA expected to grow by 10%. The company's current EBITDA stands at $30.66 billion, with data showing five analysts recently revised their earnings expectations upward.
T-Mobile also announced a new shareholder return program, authorizing up to $14 billion in buybacks and dividends through December 31, 2025. This program is in addition to the previously announced return program set to conclude at the end of 2024.
In analyst notes, KeyBanc Capital Markets downgraded T-Mobile's stock from Overweight to Sector Weight due to concerns over the company's current valuation. Meanwhile, Bernstein SocGen Group initiated coverage on T-Mobile with a Market Perform rating, highlighting the company's transformation from a trailing competitor to a leader in the wireless industry.
These are recent developments in T-Mobile's journey, as the company continues to demonstrate strong market performance and operational strategies.
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