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Why Analysts Have High Hopes for T-Mobile

Sophia Nicholson - Author

Aug. 18 2020, Updated 6:20 a.m. ET

Analysts’ recommendations 

T-Mobile (TMUS) recently posted better-than-expected first-quarter results, beating expectations for both earnings and revenue in both periods. Of the 24 analysts covering T-Mobile stock, 19 have rated it as a “buy,” while five have rated it as a “hold.” No analysts have rated the stock as a “sell.”

Analysts have given the stock a target price of $75.41 and a median consensus estimate of $76.00. T-Mobile stock, which closed at $56.46 on May 14, is now trading at a 25.7% discount to its consensus median target estimate.

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Technical indicators for T-Mobile

On May 14, T-Mobile stock was trading 5.7% below its 20-day moving average of $59.90. The stock was also trading 8.0% below its 50-day moving average of $61.36 and 8.9% below its 100-day moving average of $61.95. T-Mobile has a 14-day RSI (relative strength index) of 30, which means that it’s quite an oversold stock. An RSI of above 70 indicates that a stock is overbought, but an RSI of below 30 indicates an oversold stock.

T-Mobile has an upper Bollinger Band level of $66, a middle Bollinger Band level of $60, and a lower Bollinger Band level of $53. Bollinger Bands are a combination of a stock’s moving averages.

TMUS has a negative MACD (moving average convergence divergence) of 1.19, indicating a downward trading trend. A stock’s MACD is the difference between its short-term and long-term moving averages.


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