Stock Roundup: T-Mobile US, Inc. (TMUS)

Stock Roundup: T-Mobile US, Inc. (TMUS)

Stock Roundup: T-Mobile US, Inc. (TMUS)

Revenue climbed 11% in the first quarter to $9.6 billion, a bit below consensus estimates of $9.62 billion.

According to a FierceWireless report on April 3, 2017, "It should come as no surprise that wireless remains fiercely competitive, with 1Q bringing the return of Verizon Unlimited, a revamped Unlimited offering at AT&T, new pricing promotions at Sprint, and the elimination of taxes/fees at T-Mobile". T-Mobile bought the most airwaves in a TV spectrum auction conducted by the Federal Communications Commission. Its Current ratio for most recent quarter of 1.60. There were 914,000 total branded postpaid net additions, 798,000 branded postpaid phone net additions, 386,000 branded prepaid net additions, and the company posted "record-low" branded postpaid phone churn of just 1.18%.

We expect T-Mobile to continue to gain market share with its strategy of creating a differentiated brand and better customer experience. Analysts predict that T-Mobile US will post $1.79 earnings per share for the current fiscal year. Suntrust Banks Inc. now owns 37,759 shares of the Wireless communications provider's stock worth $1,764,000 after buying an additional 1,492 shares in the last quarter. Stock traders acquired 24,483 put options on the company.

In other T-Mobile US news, insider Thomas Christopher Keys sold 100,000 shares of the stock in a transaction that occurred on Friday, March 24th.

T-Mobile US, Inc. (TMUS) stock price distance from twenty day simple moving average surged at 2.65% while its distance from fifty day simple moving average raised 4.52% along with 21.93% above distance from two hundred simple moving averages.

Regardless, T-Mobile is still taking share at a healthy pace.

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Verizon mobile is one of the biggest telecommunication service providers in the United States with a large customer base for both telecom and wireless services. T-Mobile US has a 52 week low of $38.47 and a 52 week high of $67.76.

T stock looks like it's being supported by its long-term 200-day moving average, which shares have held since early December.

Total revenues also grew 11 percent, to United States dollars 9.6 billion, while adjusted EBITDA was down 5 percent to USD 2.7 billion due to gains on spectrum transactions a year ago.

T-Mobile US now carries a Zacks Rank #3 (Hold). It's now trading about 2.09% above its 52-week high. AT&T Inc. also shares this view. The brokerage, however, maintained its Buy rating on the stock. Following the transaction, the insider now directly owns 372,718 shares in the company, valued at $23,917,314.06. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Sell-side analyst recommendations point to a short term price target of $255.74 on the shares of Tesla, Inc. York Capital Management Global Advisors LLC purchased a new position in shares of T-Mobile US during the third quarter worth $53,544,000.

The latest quarter was the 16th in a row that the Bellevue-based wireless carrier gained more than 1 million customers.

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