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T-Mobile US Stock Performance Overview

Published by MEXEM EUROPE

July 25, 2024 2:51 PM
(GMT+2)

T-Mobile US Inc. {{ m-tag option="price" ticker="TMUS" currency="USD" }} has been making headlines with its stock rallying 1.18% to $142.47 on September 19, 2023. This performance outshone broader market indices, with the S&P 500 and the Dow Jones Industrial Average falling by 0.22% and 0.31%, respectively.

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Insider Trading Activity

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Recent insider trading reports reveal that T-Mobile US Chief Accounting Officer, Peter Ewens, sold 3,900 shares at an average price of $142.47 per share. This move has caught the attention of investors and analysts alike.

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Investor Sentiments, Financials, and Holdings

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T-Mobile is among the top three telecom stocks that investors are closely monitoring, alongside Verizon {{ m-tag option="price" ticker="VZ.NE" currency="USD" }} and Globalstar. Analysts have given the stock a "Moderate Buy" consensus rating, with a target price of $181.95, indicating potential for growth. The company posted a return on equity of 9.02% and a net margin of 7.82%. Its most recent quarterly revenue stood at $19.20 billion. Additionally, 180 Wealth Advisors LLC reduced its stake in T-Mobile US by 39.6% in the second quarter of 2023, now owning 3,624 shares worth $505,000.

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Conclusion
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T-Mobile US Inc. continues to be a focal point for investors and analysts, especially with its recent stock rally and insider trading activity. The company's strong financials and favorable analyst ratings further solidify its position as a telecom stock to watch. With a "Moderate Buy" consensus and a target price of $181.95, T-Mobile US Inc. remains an attractive investment opportunity.
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The information on mexem.com is for general informational purposes only. It should not be regarded as investment advice. Investing in stocks involves risk. A stock's past performance is not a reliable indicator of its future performance. Always consult a financial advisor or trusted sources before making any investment decisions.
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