0836 ET - Verizon, T-Mobile and AT&T look like they have more upside potential as, for virtually the first time, all three carriers are implementing price increases at the same time, Oppenheimer analysts say in a research note. All three are also better monetizing their new 5G standalone networks and keeping spending flat, they say. Promotions are still aggressive and subscriber growth is weakening, but the level of intensity should wane in 2Q, the analysts say. The industry has been disciplined about pricing and growing free cash flow, the analysts say, adding that they expect the carriers to beat their current guidance. The analysts upgrade the price targets on all three carriers by about 10%. (dean.seal@wsj.com)
(END) Dow Jones Newswires
April 01, 2025 08:36 ET (12:36 GMT)
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