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T-Mobile US Inc. (NASDAQ: TMUS): Time To Buy Over The Next Few Months

In the last trading session, 19.54 million T-Mobile US Inc. (NASDAQ:TMUS) shares changed hands as the company’s beta touched 0.55. With the company’s per share price at $141.93 changed hands at -$1.19 or -0.83% during last session, the market valuation stood at $168.37B. TMUS’s last price was a discount, traded about -8.77% off its 52-week high of $154.38. The share price had its 52-week low at $124.92, which suggests the last value was 11.98% up since then. When we look at T-Mobile US Inc.’s average trading volume, we note the 10-day average is 7.25 million shares, with the 3-month average coming to 4.82 million.

Analysts gave the T-Mobile US Inc. (TMUS) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.90. If we narrow down to specifics, the data shows that 0 out of 28 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 2 recommended TMUS as a Hold, 25 felt it is a Buy and 0 rated the stock as Underweight. T-Mobile US Inc.’s EPS for the current quarter is expected to be $1.96.

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T-Mobile US Inc. (NASDAQ:TMUS) trade information

Instantly TMUS was in red as seen at the end of in last trading. With action 3.12%, the performance over the past five days has been green. The drop to weekly highs of 144.93 on Friday, 09/15/23 subtracted -0.83% to the stock’s daily price. The company’s shares are showing year-to-date upside of 1.38%, with the 5-day performance at 3.12% in the green. However, in the 30-day time frame, T-Mobile US Inc. (NASDAQ:TMUS) is 2.66% up. Looking at the short shares, we see there were 26.15 million shares sold at short interest cover period of 6.76 days.

The consensus price target for the stock as assigned by Wall Street analysts is $176.53, meaning bulls need an upside of 19.6% from its current market value. According to analyst projections, TMUS’s forecast low is $148.00 with $210.00 as the target high. To hit the forecast high, the stock’s price needs a -47.96% plunge from its current level, while the stock would need to soar -4.28% for it to hit the projected low.

T-Mobile US Inc. (TMUS) estimates and forecasts

Data shows that the T-Mobile US Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 0.30% over the past 6 months, a 254.85% in annual growth rate that is considerably higher than the industry average of -4.00%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for T-Mobile US Inc. will rise 390.00%, while the growth in revenue is estimated to hit 65.30% for the next quarter. Year-over-year growth is forecast to reach -1.20% down from the last financial year.

Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of $19.44 billion. 16 analysts are of the opinion that T-Mobile US Inc.’s revenue for the quarter ending Dec 2023 will be $20.31 billion. The company’s revenue for the corresponding quarters a year ago was $19.99 billion and $20.27 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.80%. The estimates for the next quarter sales put growth at 0.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -2.40%. The 2023 estimates are for T-Mobile US Inc. earnings to decrease by -3.80%, but the outlook for the next 5-year period is at 68.35% per year.

TMUS Dividends

T-Mobile US Inc. is expected to release its next quarterly earnings report in October.

T-Mobile US Inc. (NASDAQ:TMUS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 54.64% of T-Mobile US Inc. shares while 43.24% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 95.34%. There are 43.24% institutions holding the T-Mobile US Inc. stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 4.10% of the shares, roughly 48.21 million TMUS shares worth $6.7 billion.

Softbank Group Corporation holds the second largest percentage of outstanding shares, with 3.68% or 43.34 million shares worth $6.02 billion as of Jun 29, 2023.

Among Mutual Funds, the top two as of Aug 30, 2023 were Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF and Vanguard Total Stock Market Index Fund. With 20.34 million shares estimated at $2.77 billion under it, the former controlled 1.73% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.59% of the shares, roughly 18.71 million shares worth around $2.6 billion.

On Key

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