Price Don’t Lie: Could T-Mobile US Inc Change Direction After Making 52-Week High?

Price Don't Lie: Could T Mobile US Inc Change Direction After Making 52 Week High?

The stock of T-Mobile US Inc (NASDAQ:TMUS) hit a new 52-week high and has $59.12 target or 8.00% above today’s $54.74 share price. The 6 months bullish chart indicates low risk for the $44.98 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $59.12 price target is reached, the company will be worth $3.60B 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 4.24M shares traded hands. T-Mobile US Inc (NASDAQ:TMUS) has risen 32.56% since April 25, 2016 and is uptrending. It has outperformed by 26.55% the S&P500.

Analysts await T-Mobile US Inc (NASDAQ:TMUS) to report earnings on February, 15. They expect $0.29 earnings per share, down 14.71% or $0.05 from last year’s $0.34 per share. TMUS’s profit will be $238.29 million for 47.19 P/E if the $0.29 EPS becomes a reality. After $0.27 actual earnings per share reported by T-Mobile US Inc for the previous quarter, Wall Street now forecasts 7.41% EPS growth.

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. FBR Capital maintained T-Mobile US Inc (NASDAQ:TMUS) on Tuesday, October 25 with “Mkt Perform” rating. The rating was maintained by Macquarie Research with “Neutral” on Monday, August 3. Vetr downgraded the stock to “Sell” rating in Tuesday, September 22 report. The rating was upgraded by Wells Fargo to “Outperform” on Monday, August 29. The rating was maintained by Pacific Crest with “Positive” on Wednesday, August 19.

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 1.05 in 2016 Q2. Its down 0.11, from 1.16 in 2016Q1. The ratio worsened, 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.
Invesco reported 6.00M shares or 0.1% of all its holdings. Royal Bancorp Of Canada accumulated 0.02% or 835,964 shares. Tower Rech Cap Ltd Co (Trc) holds 0.01% of its portfolio in T-Mobile US Inc (NASDAQ:TMUS) for 2,627 shares. Winslow Evans Crocker Incorporated, a Massachusetts-based fund reported 2,864 shares. Pictet Asset Limited last reported 101,850 shares in the company. Pinnacle accumulated 211,650 shares or 0.2% of the stock. Ameriprise Fin accumulated 0% or 123,191 shares. Lmr Ltd Liability Partnership last reported 0.07% of its portfolio in the stock. Reliance Communications Of Delaware has invested 0.11% of its portfolio in T-Mobile US Inc (NASDAQ:TMUS). Evercore Wealth Management accumulated 9,363 shares or 0.02% of the stock. The New York-based York Capital Management Global Advisors Llc has invested 2.02% in T-Mobile US Inc (NASDAQ:TMUS). Eaton Vance Mgmt owns 35,623 shares or 0% of their US portfolio. Putnam Limited Company last reported 0.08% of its portfolio in the stock. California Public Employees Retirement System has 666,400 shares for 0.05% of their US portfolio. Endurance Wealth Mngmt Inc holds 0% of its portfolio in T-Mobile US Inc (NASDAQ:TMUS) for 100 shares.

More news for T-Mobile US Inc (NASDAQ:TMUS) were recently published by: Fool.com, which released: “Better Buy: Frontier Communications Corp vs. T-Mobile US Inc” on November 18, 2016. Nasdaq.com‘s article titled: “Is T-Mobile US (TMUS) in Trouble for Accounting Practices?” and published on November 28, 2016 is yet another important article.

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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