61.41 -0.22 (-0.36%)
Pre-market: 8:40AM EDT
|Bid||60.99 x 2900|
|Ask||62.25 x 1000|
|Day's range||61.51 - 62.09|
|52-week range||54.60 - 66.52|
|PE ratio (TTM)||11.89|
|Earnings date||17 Jul 2018 - 23 Jul 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||76.74|
The race for 5G (fifth-generation) network rollout is heating up. According to T-Mobile’s management, “This network will harness 4G and 5G bandwidths simultaneously for dual connectivity and will be ready for the first 5G smartphones in the first half of 2019.” T-Mobile is eyeing nationwide 5G coverage by 2020. T-Mobile is looking to merge with smaller competitor Sprint (S).
Repurchasing shares is one of the ways in which T-Mobile (TMUS) is returning value to its shareholders. In the first quarter, the company repurchased 10.5 million shares worth $666 million. The repurchases were part of the company’s stock buyback program authorizing the repurchase of up to $1.5 billion worth of shares through December 31, 2018.
T-Mobile’s (TMUS) proposed merger deal with Sprint (S) hasn’t changed anything about its plan to launch a disruptive new television service later this year.
Netflix (NFLX) projects a contribution margin target of 39.6% in the second quarter. The company set a higher margin target in the upcoming quarter compared with the last four quarters. The launch of original series such as Queer Eye and Altered Carbon, coupled with the release of new films like Annihilation, may help Netflix boost its domestic contribution margin growth.
Now let’s take a look at T-Mobile’s (TMUS) technical indicators and compare them to those of its rivals in the US telecommunications space. On July 11, T-Mobile stock was trading at $60.18, ~0.2% above its 20-day moving average of $60.08, ~3.4% above its 50-day moving average of $58.20, and ~0.1% above its 100-day moving average of $60.15.
On July 11, T-Mobile’s (TMUS) stock price closed at $60.18. The telecommunications company’s stock price has fallen ~1.7% in the trailing year.
T-Mobile (TMUS) has been continuously investing in capex to improve its network and acquire additional spectrum for future use. The telecommunications company continued to enhance its network in the first half of 2018 via the deployment of more low-band spectrum. T-Mobile expects its cash capex to be in the range of $4.9 billion–$5.3 billion in 2018.
Now let’s take a look at T-Mobile’s (TMUS) 2018 business outlook. The telecommunications company could continue to gain postpaid subscribers as it continues to improve its value proposition with its new Un-Carrier initiatives.
T-Mobile (TMUS), the fastest-growing and third-largest wireless service provider in the United States, is continuing to expand its distribution footprint into markets where it has not historically had a presence. In 2017, the telecommunications company opened nearly 1,500 new T-Mobile stores and over 1,300 new MetroPCS stores. According to T-Mobile’s management, of the 1,500 new T-Mobile stores that opened in 2017, about one-third opened in urban markets, about one-third opened in suburban markets, and the remaining one-third opened in greenfield markets.
In the previous article, we examined Wall Street analysts’ latest recommendations for the top telecom (telecommunications) stocks. Now let’s take a look at the technical indicators of the top telecom stocks.
Telecom carriers’ expected performances for 2018 are reflected in Wall Street analysts’ ratings. Analysts have assigned Verizon (VZ) a target price of $55.88, which indicates a potential return of 9% from its closing price of $51.48 on July 6. AT&T (T) was assigned a target price of $37.25, which indicates a potential return of 14% from its closing price of $32.68 on July 6.
On July 6, AT&T’s (T) market cap was ~$239.4 billion, making it the largest US wireless player in terms of market cap. In comparison, Verizon (VZ) had a market cap of ~$212.7 billion, Sprint (S) had a market cap of ~$22.6 billion, and T-Mobile (TMUS) had a market cap of ~$51.8 billion.
In the previous part of this series, we examined the latest Wall Street analyst recommendations for Verizon (VZ) stock. Of the 30 analysts covering Verizon on July 5, 50% recommended a “buy” and 50% recommended a “hold.”
The race for 5G (fifth-generation) network deployment is heating up. In the United States, AT&T (T) and Verizon (VZ) are working to launch some forms of 5G services in select markets before the end of 2018. Meanwhile, T-Mobile (TMUS) and Sprint (S) are eyeing nationwide 5G coverage by around 2020.
On July 5, 30 analysts from various brokerage firms actively tracked Verizon (VZ) stock. About 50.0% of the 30 analysts recommended a “buy” on Verizon stock. Meanwhile, an equal number of analysts provided “hold” recommendations. There were no “sell” recommendations.
On July 5, Verizon’s (VZ) market capitalization was ~$211.9 billion, making it the second-largest US wireless player in terms of market capitalization. In comparison, Sprint (S) had a market capitalization of ~$22.0 billion, AT&T’s (T) market capitalization was ~$238.8 billion, and T-Mobile’s (TMUS) market capitalization was ~$50.9 billion.
The U.S. Commerce Department has inked an escrow agreement with ZTE to move it closer to resuming its business activities.
In the previous part, we discussed the expectations for Verizon’s (VZ) postpaid phone customer net additions in the second quarter. Wall Street analysts expect 200,000 prepaid subscriber net losses from Verizon in the second quarter. The telecom company is focusing on postpaid plans over prepaid plans, mainly due to better long-term subscriber economics.
T-Mobile US (TMUS) is increasingly deploying 600 MHz LTE across the country and has forged several partnerships with broadcasters to assist them in the move to new airwaves.
In the previous article, we examined analysts’ latest recommendations on T-Mobile (TMUS) stock. The majority of analysts are currently suggesting “buys” on TMUS.