T-Mobile US Inc. [NASDAQ: TMUS] price surged by 2.35 percent to reach at $3.28. The company report on March 13, 2023 that T-Mobile Announces Consent Solicitations with Respect to Certain Series of Notes Issued by its Wholly-Owned Subsidiaries Sprint LLC and Sprint Capital Corporation.
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T-Mobile US, Inc. (NASDAQ: TMUS) (“T-Mobile”) announced today that its wholly-owned subsidiaries Sprint LLC (“Sprint”) and Sprint Capital Corporation (“SCC”) have each commenced a consent solicitation (the “Sprint Consent Solicitation” and the “SCC Consent Solicitation”, respectively, and together, the “Consent Solicitations”).
The Sprint Consent Solicitation relates to proposed amendments to the senior notes indenture, dated as of September 11, 2013 (as supplemented and amended, the “Sprint Indenture”), governing Sprint’s 7.875% Notes due 2023 (the “2023 Notes”), 7.125% Notes due 2024 (the “2024 Notes”), 7.625% Notes due 2025 (the “2025 Notes”) and 7.625% Notes due 2026 (the “2026 Notes,” and together with the 2023 Notes, the 2024 Notes and the 2025 Notes, the “Sprint Notes”).
A sum of 6487469 shares traded at recent session while its average daily volume was at 5.18M shares. T-Mobile US Inc. shares reached a high of $143.19 and dropped to a low of $140.91 until finishing in the latest session at $143.01.
The one-year TMUS stock forecast points to a potential upside of 19.63. The average equity rating for TMUS stock is currently 1.90, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on T-Mobile US Inc. [TMUS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TMUS shares is $177.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TMUS stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
MoffettNathanson have made an estimate for T-Mobile US Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on February 06, 2023. The new note on the price target was released on January 03, 2023, representing the official price target for T-Mobile US Inc. stock. Previously, the target price had yet another raise from $153 to $167, while Scotiabank kept a Sector Outperform rating on TMUS stock.
The Average True Range (ATR) for T-Mobile US Inc. is set at 2.64, with the Price to Sales ratio for TMUS stock in the period of the last 12 months amounting to 2.22. The Price to Book ratio for the last quarter was 2.55, with the Price to Cash per share for the same quarter was set at 3.65. Price to Free Cash Flow for TMUS in the course of the last twelve months was 62.74 with Quick ratio for the last quarter at 0.70.
TMUS Stock Performance Analysis:
T-Mobile US Inc. [TMUS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.10. With this latest performance, TMUS shares dropped by -0.48% in over the last four-week period, additionally sinking by -1.47% over the last 6 months – not to mention a rise of 14.80% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TMUS stock in for the last two-week period is set at 48.46, with the RSI for the last a single of trading hit 50.86, and the three-weeks RSI is set at 48.07 for T-Mobile US Inc. [TMUS]. The present Moving Average for the last 50 days of trading for this stock 145.11, while it was recorded at 141.30 for the last single week of trading, and 141.70 for the last 200 days.
Insight into T-Mobile US Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and T-Mobile US Inc. [TMUS] shares currently have an operating margin of +16.70 and a Gross Margin at +42.61. T-Mobile US Inc.’s Net Margin is presently recorded at +3.25.
Return on Equity for this stock inclined to 3.73, with Return on Assets sitting at 1.14.
T-Mobile US Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.
TMUS Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TMUS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for T-Mobile US Inc. go to 64.35%.
T-Mobile US Inc. [TMUS] Insider Position Details
There are presently around $77,706 million, or 42.60% of TMUS stock, in the hands of institutional investors. The top three institutional holders of TMUS stocks are: VANGUARD GROUP INC with ownership of 49,238,385, which is approximately 0.881% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 43,050,161 shares of the stock with an approximate value of $6.16 billion in TMUS stocks shares; and SOFTBANK GROUP CORP., currently with $5.69 billion in TMUS stock with ownership of nearly 0% of the company’s market capitalization.
Positions in T-Mobile US Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 616 institutional holders increased their position in T-Mobile US Inc. [NASDAQ:TMUS] by around 34,572,062 shares. Additionally, 555 investors decreased positions by around 48,908,820 shares, while 164 investors held positions by with 459,876,923 shares. The mentioned changes placed institutional holdings at 543,357,805 shares, according to the latest SEC report filing. TMUS stock had 169 new institutional investments in for a total of 6,660,120 shares, while 111 institutional investors sold positions of 9,419,136 shares during the same period.