You may recall a few days ago, I wrote an article about T-Mobile US Inc.’s (NASDAQ:TMUS) “Binge On” video feature. The company came under heat for “throttling” videos that are part of this feature. They then admitted that they are indeed slowing down videos. Some analysts, experts and customers reacted by showing their disappointment, but what some may call “unethical”, I call “brilliant”.
Quite frankly, I think that T-Mobile US Inc.’s (NASDAQ:TMUS) “Binge On” feature, which makes data usage for certain videos unlimited, is the best idea a cell phone carrier has come up with in a long time. You see, “Binge On” may reduce download speeds for videos, but customers don’t need to watch those videos on the “Binge On” feature. They are free to use their regular data service through T-Mobile US Inc (NASDAQ:TMUS) to do so — but who would? Most mobile devices will have very little difficulty playing Netflix, Hulu, HBO and the other interesting services availalbe on “Binge On” at the “slowed down” rate that everyone seems to be complaining about.
Not every is complaining though. In fact, T-Mobile US Inc (NASDAQ:TMUS) just announced 14 new partners for the “Binge On” feature, including: A&E, Lifetime, HISTORY Channel, and PlayStation Vue Live TV.
I’m currently a Verizon (VZ) user and I wish that they would introduce a feature like Binge On. It surely would save my a lot of money on my monthly data bill.
The stock closed at $40.51 during the last trading session. It is up 2.97% since June 4, 2015 and is uptrending. It has outperformed the S&P500 by 8.83%.
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 0.79% above today’s ($40.51) 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.