The stock of T-Mobile US Inc (NASDAQ:TMUS) hit a new 52-week high and has $71.99 target or 38.00% above today’s $52.17 share price. The 8 months bullish chart indicates low risk for the $41.58B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $71.99 price target is reached, the company will be worth $15.80B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 3.26M shares traded hands. T-Mobile US Inc (NASDAQ:TMUS) has risen 29.98% since April 7, 2016 and is uptrending. It has outperformed by 25.20% the S&P500.
T-Mobile US Inc (NASDAQ:TMUS) Ratings Coverage
Out of 5 analysts covering T-Mobile US (NASDAQ:TMUS), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. T-Mobile US has been the topic of 11 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Monday, August 3 by Macquarie Research. The rating was maintained by Pacific Crest with “Positive” on Wednesday, August 19. FBR Capital maintained T-Mobile US Inc (NASDAQ:TMUS) rating on Tuesday, October 25. FBR Capital has “Mkt Perform” rating and $54.0 price target. Vetr downgraded the stock to “Sell” rating in Tuesday, September 22 report. The firm has “Outperform” rating given on Monday, August 29 by Wells Fargo.
According to Zacks Investment Research, “T-Mobile is a national provider of mobile communications services. Based in Bellevue, Wash., T-Mobile US operates its flagship brands, T-Mobile and MetroPCS. It currently serves approximately 44 million wireless subscribers and provides products and services through 70,000 points of distribution.”
Insitutional Activity: The institutional sentiment decreased to 1.16 in 2016 Q2. Its down 0.16, from 1.32 in 2016Q1. The ratio is negative, as 38 funds sold all T-Mobile US Inc shares owned while 115 reduced positions. 45 funds bought stakes while 133 increased positions. They now own 275.99 million shares or 0.82% less from 278.28 million shares in 2016Q1.
Us Savings Bank De accumulated 0% or 2,635 shares. Quinn Opportunity has 83,476 shares for 1.41% of their US portfolio. Blackrock Fund last reported 2.53M shares in the company. Schwab Charles Invest Management Inc holds 0.03% of its portfolio in T-Mobile US Inc (NASDAQ:TMUS) for 567,431 shares. Moreover, Voya Inv Mgmt Lc has 0% invested in T-Mobile US Inc (NASDAQ:TMUS) for 34,676 shares. Verition Fund Mgmt Limited Liability Company has 0.03% invested in the company for 5,298 shares. Moreover, Shell Asset Mngmt Communications has 0.04% invested in T-Mobile US Inc (NASDAQ:TMUS) for 35,942 shares. World Asset reported 7,558 shares or 0.01% of all its holdings. Alliancebernstein Limited Partnership owns 4.06 million shares or 0.15% of their US portfolio. Deutsche Financial Bank Ag reported 3.05M shares or 0.09% of all its holdings. Ing Groep Nv accumulated 108,683 shares or 0.06% of the stock. Royal Bancorp Of Canada, a Ontario – Canada-based fund reported 835,964 shares. Lpl Fin Limited Com reported 41,502 shares or 0.02% of all its holdings. Capital World, a California-based fund reported 650,000 shares. Gruss Inc holds 3.34% or 64,000 shares in its portfolio.
More recent T-Mobile US Inc (NASDAQ:TMUS) news were published by: Bloomberg.com which released: “T-Mobile Beats Estimates as Customer Growth Outpaces Verizon” on October 24, 2016. Also Profitconfidential.com published the news titled: “T-Mobile US Inc: The Upside in TMUS stock is Staggering” on October 28, 2016. Nasdaq.com‘s news article titled: “T-Mobile US, Inc. to Present at the Wells Fargo Technology, Media and Telecom …” with publication date: November 07, 2016 was also an interesting one.
TMUS Company Profile
T-Mobile US, Inc. (T-Mobile), incorporated on March 10, 2004, is a well-known provider of mobile communications services. The Firm provides wireless communications services, including voice, messaging and data under its brands. It provides to wireless communications services to approximately 60 million clients in the postpaid, prepaid and wholesale markets. The Firm provides service, devices and accessories across its brands, T-Mobile and MetroPCS, in the United States, Puerto Rico and the United States Virgin Islands.
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