On August 5, T-Mobile US fell 4.1% in after-hours trading, trading at $169.87/share, with turnover of $95.02 million.
On the news front, T-Mobile US executives have formally informed controlling shareholder Deutsche Telekom that the company no longer supports the previously proposed $300 billion merger between the two entities. Additionally, some non-controlling shareholders have explicitly stated they would not support the deal, causing negotiations to reach an impasse.
The merger collapse comes amid a period of otherwise solid operational performance. T-Mobile's Q2 earnings released on July 23 showed EPS of $2.99, beating the consensus estimate of $2.59 by nearly 16%, though revenue of $22.8 billion slightly missed the $22.9 billion expectation. The company also raised its full-year adjusted free cash flow guidance to $18.4-$18.8 billion, up from a prior range starting at $18.1 billion. Multiple analysts have since adjusted price targets downward, with the current mean target at $242.52 according to FactSet, well above current trading levels.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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