T-Mobile US (TMUS): Price Target and June Short Interest Disclosure

T-Mobile US (TMUS) : 13 investment research analysts covering T-Mobile US (TMUS) have an average price target of $44.54 for the near short term. The highest target price given by the Brokerage Firm to the stock is $50 and the lowest target is $29 for the short term. Analysts expect the variance to be within $5.46 of the average price.

T-Mobile US (TMUS) encountered a rise of 5.1% or 896,886 shares in the short positions. The number escalated from 17,509,959 on June 15,2016 to 18,406,845 on June 30,2016. The final interest is 6.5% of the floated stock. The days to cover figure of 5 can be arrived using the average daily exchange of 3,610,223 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Nomura downgrades its rating on T-Mobile US (NYSE:TMUS). The global brokerage major lowers the current price target from $46 per share to $44 per share. Analysts at the Nomura have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 24, 2016.


T-Mobile US (NYSE:TMUS): On Thursdays trading session , Opening price of the stock was $44.5 with an intraday high of $44.6. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $43.97. However, the stock managed to close at $44.03, a loss of 0.41% for the day. On the previous day, the stock had closed at $44.21. The total traded volume of the day was 2,832,404 shares.

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