T-Mobile US Inc. (NASDAQ:TMUS) traded at a new 52-week high today of $149.80. So far today approximately 332,000 shares have been exchanged, as compared to an average 30-day volume of 3.3 million shares.
T-Mobile US Inc. (NASDAQ:TMUS) has potential upside of 14.0% based on a current price of $149.27 and analysts’ consensus price target of $170.14.
Deutsche Telekom merged its T-Mobile USA unit with prepaid specialist MetroPCS in 2013, creating T-Mobile US. Following the merger, the firm provided nationwide service in major markets but spottier coverage elsewhere. T-Mobile has spent aggressively on low-frequency spectrum, well suited to broad coverage, and has substantially expanded its geographic footprint. This expansion, coupled with aggressive marketing and innovative offerings, produced rapid customer growth. With the Sprint acquisition, the firm’s scale now roughly matches its larger rivals: T-Mobile now serves 65 million postpaid and 21 million prepaid phone customers, equal to nearly 30% of the retail wireless market. In addition, the firm provides wholesale service to resellers like Tracfone.
In the past 52 weeks, T-Mobile US Inc. share prices are bracketed by a low of $103.43 and a high of $149.80 and is now at $149.27, 44% above that low price.
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