Mobile US Inc (TMUS): Positioned For 'Double Consolidation'?

Gladys Abbott
May 20, 2017

Feldman cited T-Mobile chief financial officer Braxton Carter's earnings conference call comments saying it is looking to return "cash to our shareholders". The stock has been active on the tape, now trading at $65.91, up from yesterday's close by 0.33%.

A number of other research firms have also recently weighed in on TMUS. Evercore ISI assumed coverage on shares of T-Mobile US in a research report on Monday, January 30th.

Reuters reported in February that Sprint's controlling shareholder, SoftBank Group Corp (9984.T), was positioning itself for deal talks with T-Mobile's top shareholder, Deutsche Telekom AG (DTEGn.DE), once a USA government auction of wireless airwaves ended. They issued a "buy" rating and a $76.00 price target for the company. Vanguard Group Inc. increased its position in shares of T-Mobile US by 2.6% in the first quarter. Finally, Morgan Stanley reissued an overweight rating and issued a $72.00 price target on shares of T-Mobile US in a research report on Thursday, February 16th. Buy rating has been given by 2 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and no analyst given HOLD rating. The current share price indicate that stock is -1.64% away from its one year high and is moving 36.32% ahead of its 52-week low. 4,936,294 shares of the stock were exchanged. Company's distance from 20 day simple moving average is -0.61% and distance from 50-Day simple moving average is 1.87%. Now T-Mobile US, Inc.'s current price is $14.09 shy of the official highest sell-side analyst price target on Wall Street. The company has a market cap of $53.10 billion, a PE ratio of 32.82 and a beta of 0.71.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Monday, April 24th. This is an increase of 109% compared to the average daily volume of 6,536 put options. Over the last week of the month, it was -0.14%, 8.43% over the last quarter, and 22.93% for the past six months. The same analysts see shares reaching $70.00 within the next year on a consensus basis. The business had revenue of $9.61 billion for the quarter, compared to analyst estimates of $9.63 billion. During the same period in the previous year, the firm posted $0.56 earnings per share. Additionally, T-Mobile US, Inc.

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In related news, insider Thomas Christopher Keys sold 100,000 shares of the stock in a transaction dated Friday, March 24th. Following the completion of the transaction, the insider now directly owns 372,718 shares of the company's stock, valued at approximately $23,917,314.06.

TMUS has been the subject of several other research reports. Vanguard Group Inc. now owns 15,111,566 shares of the Wireless communications provider's stock worth $976,056,000 after buying an additional 379,244 shares during the last quarter. Janus Capital Management LLC raised its position in shares of T-Mobile US by 14.0% in the first quarter. Pekin Singer Strauss Asset Management IL now owns 189,866 shares of the Wireless communications provider's stock worth $9,955,000 after buying an additional 42,889 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of T-Mobile US by 155.8% in the first quarter. Northern Trust Corp now owns 1,648,830 shares of the Wireless communications provider's stock worth $101,436,000 after buying an additional 56,862 shares during the period.

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