While T-Mobile US Inc (NASDAQ:TMUS) may not be the leader within the US mobile space, they are certainly growing quite fast. The company reported today that they have added 2.1 million new customers in the fourth quarter alone, taking their 2015 total to 8 million new users. This is the 11th consecutive quarter that the company has reported at least 1 million new customers, and 3rd quarter in a row in which they’ve added over 2 million new customers.
“That means we added 23,000 customers per day, EVERY DAY for the last two years, so trust me when I say we have NO plans to stop disrupting the status quo in wireless, explained John Legere, President and CEO of T-Mobile”
Throughout 2015 the company was able to double their LTE footprint, thus attracting new subscribers and offering some of the industry’s best pricing plans. Shares of T-Mobile US Inc (NASDAQ:TMUS) are set to open the day at around the closing price seen on Tuesday. The stock increased 3.23% or $1.26 during the last trading session, hitting $40.21. TMUS has risen 4.09% since June 2, 2015 and is uptrending. It has outperformed the S&P500 by 8.78%.
From a total of 2 analysts covering T-Mobile US (NASDAQ:TMUS) stock, 0 rate it a “Buy”, 1 a “Sell”, and 1 a “Hold”. This means that 0 of the ratings are positive. The highest target price is $41.50 while the lowest target price is $40. The mean of all analyst targets is $40.83 which is 1.54% above today’s ($40.21) stock price. T-Mobile US was the topic of 4 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Vetr downgraded shares on September 22 to a “Sell” rating. Macquarie Research maintained TMUS stock in a recent report from August 3 with a “Neutral” rating.
The institutional sentiment decreased to 1.17 in Q2 2015. It’s down 0.26, from 1.43 in 2015Q2. The ratio fall, as 64 funds sold all their T-Mobile US Inc shares they owned while 97 reduced their positions. 50 funds bought stakes while 139 increased their total positions. Institutions now own 265.99 million shares which is 11.10% less than the previous share count of 299.19 million in 2015Q2.
Quaker Capital Investments Llc holds 18.91% of its total portfolio in T-Mobile US Inc, equating to 801,161 shares. Seminole Management Co. Inc. owns 5.00 million shares representing 8.88% of their total US portfolio. Moreover, Sarbit Advisory Services Inc. has 8.33% of their total portfolio invested in the company, equating to 1.36 million shares. The New York-based Andor Capital Management L.L.C. has a total of 7.82% of their portfolio invested in the stock. Tyrian Investments L.P., a New York-based fund reported 552,300 shares owned.
T-Mobile US, Inc., together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, such as smartphones, tablets, and other mobile communication devices, as well as accessories, which are manufactured by various suppliers. It offers services, devices, and accessories through its owned and operated retail stores, as well as through its Websites. T-Mobile US, Inc. also sells its devices and accessories to dealers and other third party distributors for resale through independent third-party retail outlets and various third-party Websites. The company provides its services under the T-Mobile and MetroPCS brands. As of December 31, 2014, it provided services to approximately 55 million customers. T-Mobile US, Inc. was founded in 1994 and is headquartered in Bellevue, Washington. T-Mobile US, Inc. operates as a subsidiary of Deutsche Telekom AG.