Economy

Mobile skips quarterly earnings call to avoid Sprint merger questions

Mobile skips quarterly earnings call to avoid Sprint merger questions”

BlackRock Group LTD raised its position in T-Mobile US Inc. (NASDAQ:TMUS) by 33.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. T-Mobile US Inc (NYSE:TMUS) has risen 62.63% since October 22, 2016 and is uptrending. LLC now owns 3,079 shares of the company's stock worth $133,000 after buying an additional 269 shares in the last quarter. Wellington Management Group LLP now owns 360,352 shares of the Wireless communications provider's stock valued at $23,275,000 after purchasing an additional 9,432 shares during the period.

"With all the rumors and speculation out there, we decided that we wanted to make sure you all saw and focused on our Q3 results, and not just on the rumors and speculation that seem to fill the news every day", says Legere in the video below, before running through the company's results for the quarter. Toronto Dominion Bank now owns 2,484 shares of the company's stock worth $116,000 after buying an additional 909 shares in the last quarter. Finally, Massachusetts Financial Services Co. Creative Planning boosted its stake in shares of T-Mobile US by 45.2% in the second quarter. The institutional investor held 438,700 shares of the public utilities company at the end of 2017Q2, valued at $26.59M, down from 557,900 at the end of the previous reported quarter. Jefferies Group LLC restated a "buy" rating and set a $80.00 price objective on shares of T-Mobile US in a report on Thursday, September 7th. Buckingham Research increased their price target on shares of T-Mobile US from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday, August 25th. At the same time, the nation's fourth largest carrier said that it too will not hold a conference call following tomorrow's report.

Among 29 analysts covering T-Mobile US (NYSE:TMUS), 21 have Buy rating, 0 Sell and 8 Hold. Finally, Barclays PLC restated an "overweight" rating and issued a $73.00 price objective (up previously from $70.00) on shares of T-Mobile US in a report on Saturday, July 22nd. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating. T-Mobile US now has a consensus rating of "Buy" and a consensus price target of $70.81. T-Mobile US has a 52-week low of $46.58 and a 52-week high of $68.88. About 1.36M shares traded. The company's stock had a trading volume of 2,776,587 shares. The stock has a market cap of $50.93 billion, a price-to-earnings ratio of 25.9685 and a beta of 0.40.

Session activity on T-Mobile US, Inc.(NASDAQ:TMUS) stock is placing it on today's most active list. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.

T-Mobile US, Inc. (TMUS) surprised the stock market in its last reported earnings when it earned $0.67 a piece versus the consensus-estimated $0.38. T-Mobile US's quarterly revenue was up 7.7% compared to the same quarter a year ago.

T-Mobile US Inc's quarterly profit topped Wall Street analyst estimates and the No. 3 USA wireless carrier raised the lower end of its expected range of customer additions for the year but didn't elaborate on a potential deal with rival Sprint Corp. Profund Ltd Liability has invested 0.36% in T-Mobile US Inc (NASDAQ:TMUS). "(TMUS)" was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal.



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