Jim Cramer Notes T-Mobile's Valuation Alongside Earnings Growth Forecast

T-Mobile US, Inc. (NASDAQ:TMUS) is one of the relatively cheap S&P 500 stocks Jim Cramer talked about. Cramer started his list with the company stock and remarked:

“Now, first, T-Mobile, which announced the leadership transition before the open this morning, with CEO Mike Sievert set to become vice chairman on November 1st, a bit of a surprise, and [will] be succeeded by the company’s current COO Srini Gopalan. Now Sievert’s created a tremendous amount of value… since he has been CEO, but I believe in this team. T-Mobile’s on track to give you 19.4% earnings growth next year. Yet it’s selling for just over 18 times next year’s numbers. Plain and simple.”

T-Mobile US, Inc. (NASDAQ:TMUS) provides wireless communication services, high-speed internet, and mobile devices. The company’s products include voice, data, and messaging services, device financing, insurance, and accessories. Cramer showed bullish sentiment toward the stock in an April episode. He commented:

“Next, T-Mobile. Listen to this, it’s been roaring again. It’s the most aggressive of the phone companies. T used to have excellent deals to get an iPhone…. Now, as long as Mike Sievert is running the show at T-Mobile, T-Mobile’s got it.”

Since the above comment was aired, the stock is down about 9.4%.

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Disclosure: None. This article is originally published at Insider Monkey.