Short Term Price Target on T-Mobile US (TMUS)

T-Mobile US (NYSE:TMUS) : The highest level T-Mobile US (NYSE:TMUS) is projected to reach is $50 for the short term and the lowest estimate is at $29. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $44.93 and the possibility the share price can swing is $5.44.

T-Mobile US, Inc. has dropped 0.92% in the last five trading days, however, the shares have posted positive gains of 1.53% in the last 4 weeks. T-Mobile US, Inc. is up 9.93% in the last 3-month period. Year-to-Date the stock performance stands at 10.61%. Also, Brokerage firm Nomura downgrades its rating on T-Mobile US (NYSE:TMUS). As per the latest information, the brokerage house lowers the price target to $44 per share from a prior target of $46. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 24, 2016.

T-Mobile US (NYSE:TMUS) : 12 brokerage houses believe that T-Mobile US (NYSE:TMUS) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on T-Mobile US (NYSE:TMUS). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 19 Wall Street Analysts endorse the stock as a Buy with a rating of 1.63.

T-Mobile US (NYSE:TMUS): The stock opened at $43.37 on Thursday but the bulls could not build on the opening and the stock topped out at $43.46 for the day. The stock traded down to $43.05 during the day, due to lack of any buying support eventually closed down at $43.27 with a loss of -0.41% for the day. The stock had closed at $43.45 on the previous day. The total traded volume was 3,439,940 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Ray Neville R, officer (EVP & Chief Technology Officer) of T-Mobile Us, Inc., had unloaded 6,945 shares at an average price of $44 in a transaction dated on June 8, 2016. The total value of the transaction was worth $305,580.

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