Earlier in the year reports had surfaced that SoftBank Group, the controlling shareholder of Sprint, the fourth biggest wireless carrier in the United States had strategically positioned itself for talks with Deutsche Telekom, the biggest shareholder in T-Mobile US once the ban imposed by the Federal Communications Commission expired.
CTO Neville Ray said that T-Mobile US plans to launch the new low-band spectrum first in areas where it doesn't already have low-band holdings launched, and that the carrier is "running very, very hard and we actually are already into pre-deployment phases in some parts of the country". During the conference call, T-Mobile's chief executive officer pointed out that Dish not only had access to spectrum but to content as well. The relative volume (ratio between current volume and 3-month average) is presently sitting at 1.06. There were 914,000 total branded postpaid net additions, 798,000 branded postpaid phone net additions, 386,000 branded prepaid net additions, and the company posted "record-low" branded postpaid phone churn of just 1.18%.
That T-Mobile continues to outstrip the industry in customer growth during this period underscores the momentum behind the "Un-Carrier" movement. The stock's quarterly performance indicates a Positive momentum of 9.45 percent, whereas its last one month trend is Optimistic with 4.45 percent. Stock traders bought 19,384 put options on the company.
In related news, insider Thomas Christopher Keys sold 100,000 shares of the stock in a transaction dated Friday, March 24th.
California judge OKs Cummins' move back to Tennessee
He is awaiting extradition to Tennessee, where he will be charged with sexual contact with a minor and aggravated kidnapping. Super 8 motel records showed that Cummins stayed for awhile in Oklahoma City and Guymon, Okla., the complaint said.
Shares of T-Mobile fell 1 per cent to US$65.25 (RM287.03) in late trading yesterday. Finally, Carmignac Gestion raised its stake in shares of T-Mobile US by 10.0% in the third quarter. Finally, Robert W. Baird restated a "neutral" rating and set a $68.00 price target (up from $64.00) on shares of T-Mobile US in a research note on Wednesday. US Bancorp DE boosted its stake in shares of T-Mobile US by 5.5% in the third quarter.
The current consensus rating on T-Mobile US (NASDAQ:TMUS) is Buy (Score: 2.64) with a consensus target price of $63.05 per share, a potential 4.37% downside. This quarter analysts say they expect sales to move at $9.32 billion - higher from $8.91 billion the year before.
Shares of T-Mobile US (NASDAQ:TMUS) opened at 67.58 on Thursday. Stock has got OUTPERFORM rating from 12 analysts of Thomson Reuters, 7 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. The stock appeared -1.24% below its 52-week highs and is up 1.03% for the last five trades. Creative Planning now owns 3,203 shares of the Wireless communications provider's stock worth $207,000 after buying an additional 658 shares during the period.
People pass by a T-Mobile store in the Brooklyn borough of New York June 4, 2015. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. This was the 16th consecutive quarter in which T-Mobile generated more than 1 million total net customer additions.