The stock of T-Mobile US Inc (NASDAQ:TMUS) hit a new 52-week high and has $88.34 target or 65.00% above today’s $53.54 share price. The 5 months bullish chart indicates low risk for the $44.16B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $88.34 price target is reached, the company will be worth $28.70B 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 1.71M shares traded hands. T-Mobile US Inc (NASDAQ:TMUS) has risen 34.48% since April 19, 2016 and is uptrending. It has outperformed by 30.62% 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 stock of T-Mobile US Inc (NASDAQ:TMUS) earned “Outperform” rating by Wells Fargo on Monday, August 29. The company was maintained on Wednesday, August 19 by Pacific Crest. On Tuesday, October 25 the stock rating was maintained by FBR Capital with “Mkt Perform”. The firm has “Neutral” rating by Macquarie Research given on Monday, August 3. The firm earned “Sell” rating on Tuesday, September 22 by Vetr.
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 Q2 2016. Its down 0.11, from 1.16 in 2016Q1. The ratio dived, 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.
Gilder Gagnon Howe & Lc last reported 0% of its portfolio in the stock. Quinn Opportunity Limited Company has 1.41% invested in the company for 83,476 shares. Shinko Asset Mgmt Com Ltd last reported 0% of its portfolio in the stock. Blackrock Investment Limited Liability Co has 95,126 shares for 0.01% of their US portfolio. S Muoio & Company Lc reported 7,988 shares or 0.16% of all its holdings. Credit Agricole S A reported 971,311 shares or 0.16% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) has 383,576 shares for 0.22% of their US portfolio. Commerzbank Aktiengesellschaft Fi last reported 0.05% of its portfolio in the stock. Moreover, Raymond James & Assocs has 0.01% invested in T-Mobile US Inc (NASDAQ:TMUS) for 57,548 shares. Comerica Retail Bank holds 0.02% of its portfolio in T-Mobile US Inc (NASDAQ:TMUS) for 40,219 shares. Citadel Advsrs holds 47,787 shares or 0% of its portfolio. Mckinley Mgmt Limited Liability Corporation Delaware accumulated 0.9% or 430,577 shares. Gluskin Sheff And Assoc has 1.21% invested in the company for 321,721 shares. Eaton Vance Mgmt has invested 0% of its portfolio in T-Mobile US Inc (NASDAQ:TMUS). Quantitative Systematic Strategies Ltd Company accumulated 37,968 shares or 0.77% of the stock.
More important recent T-Mobile US Inc (NASDAQ:TMUS) news were published by: Foxbusiness.com which released: “Better Buy: Frontier Communications Corp vs. T-Mobile US Inc” on November 18, 2016, also Bloomberg.com published article titled: “T-Mobile Beats Estimates as Customer Growth Outpaces Verizon”, Profitconfidential.com published: “T-Mobile US Inc: The Upside in TMUS stock is Staggering” on October 28, 2016. More interesting news about T-Mobile US Inc (NASDAQ:TMUS) was released by: Reuters.com and their article: “BRIEF-T-Mobile US Inc reports Q3 results 2016” with publication date: October 24, 2016.
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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