Mobile US, Inc. Posted gains of 2.83% in the Last Trade

Cornelia Mascio
Mag 20, 2017

Cowen and Company restated their outperform rating on shares of T-Mobile US Inc (NASDAQ:TMUS) in a report issued on Monday morning. As of March 31st, there was short interest totalling 20,335,605 shares, a decrease of 4.7% from the March 15th total of 21,336,279 shares. An on-demand replay will be available shortly after the conclusion of the presentation.

Several institutional investors have recently modified their holdings of TMUS.

Now the P/E of T-Mobile US, Inc. stands at 34.34.

Bloomberg News reported Sprint approached T-Mobile-owner Deutsche Telekom to discuss a merger with the US wireless carrier on May 12, amid an already hot telecom deal market. They set a buy rating and a $76.00 target price on the stock. Deutsche Bank AG reaffirmed a neutral rating and issued a $68.00 price objective on shares of T-Mobile US in a research report on Monday, April 10th. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/05/19/t-mobile-us-inc-tmus-rating-increased-to-conviction-buy-at-goldman-sachs-group-inc.html. T-Mobile US now has an average rating of "Buy" and an average target price of $65.03.

Generally, an RSI below 30 signifies that a stock has been oversold, while an RSI above 70 indicates that a stock has been overbought. Macquarie now has a hold rating on the Wireless communications provider's stock. 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.

Let's take a look at how the stock has been performing recently. Fifth Third Bancorp increased its stake in shares of T-Mobile US by 64.8% in the first quarter. Janus Capital Management LLC now owns 4,511,551 shares of the Wireless communications provider's stock worth $291,396,000 after buying an additional 555,214 shares during the period. However, similar to what it has seen in Europe, the firm believes market share leaders in the USA fixed and mobile sectors may look to acquire companies that accelerate or improve their ability to deliver converged services. Point72 Asset Management L.P. now owns 967,208 shares of the Wireless communications provider's stock worth $62,472,000 after buying an additional 19,308 shares during the period. The share price of TMUS has increased by over 25.45% in the last six months. 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. Finally, Flagship Harbor Advisors LLC bought a new position in shares of T-Mobile US during the first quarter worth approximately $211,000. The stock has a market cap of $223.06 billion, a price-to-earnings ratio of 14.02 and a beta of 0.47. The firm has a 50-day moving average price of $65.31 and a 200-day moving average price of $60.28.

T-Mobile now has a 14-day RSI reading of 40. T-Mobile US also saw unusually large options trading on Monday. Analysts are forecasting earnings of $0.39 on a per share basis this quarter. The business's revenue for the quarter was up 11.0% compared to the same quarter a year ago. During the same quarter in the previous year, the firm earned $0.56 earnings per share.

China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses.

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