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T-Mobile (TMUS) Looks Good: Stock Adds 5.9% in Session
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T-Mobile US, Inc. (TMUS - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $61.17 to $64.71 in the past one-month time frame.
The upside could have been driven by rumors of a potential buyout of rival Sprint Corp by T-Mobile, after Japan’s SoftBank offered to sell its majority ownership interest in Sprint.
The company has seen a mixed track record when it comes to estimate revisions of seven increase and seven decrease over the past few months, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
T-Mobile currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Is TMUS going up? Or down? Predict to see what others think:Up or Down
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
T-Mobile (TMUS) Looks Good: Stock Adds 5.9% in Session
T-Mobile US, Inc. (TMUS - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $61.17 to $64.71 in the past one-month time frame.
The upside could have been driven by rumors of a potential buyout of rival Sprint Corp by T-Mobile, after Japan’s SoftBank offered to sell its majority ownership interest in Sprint.
The company has seen a mixed track record when it comes to estimate revisions of seven increase and seven decrease over the past few months, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
T-Mobile currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
T-Mobile US, Inc. Price
T-Mobile US, Inc. Price | T-Mobile US, Inc. Quote
A better-ranked stock in the Wireless National industry is I.D. Systems, Inc. , holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is TMUS going up? Or down? Predict to see what others think:Up or Down
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>