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Where Could T-Mobile Stock Go from Here?

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T-Mobile (TMUS) stock rose about 1.1% on Thursday and closed the trading day at $81.00. It was trading 4.95% below its 52-week high of $85.22.

On July 26, T-Mobile stock hit its 52-week high after the US Department of Justice approved the proposed T-Mobile and Sprint (S) merger deal. Since then, T-Mobile has been trading in a narrow range, as the merger’s future is uncertain. Meanwhile, the stock was trading 35.09% above the 52-week low of $59.96 it saw on December 26.

On a year-to-date basis, T-Mobile has gained 27.3%. Peers AT&T (T) and Sprint are also up this year. AT&T and Sprint have risen around 30.2% and 15.8%, respectively, year-to-date. On September 19, AT&T stock rose 1.06% and closed at $37.15, while Sprint stock rose 0.15% to $6.74.

T-Mobile’s market capitalization is $69.21 billion, while AT&T and Sprint have market caps of $271.46 billion and $27.59 billion, respectively.

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T-Mobile stock: Analysts’ recommendations and target price

Among the 20 analysts covering T-Mobile stock, 16 analysts have “buy” ratings on the stock—down from 18 in the last month. Four analysts have “hold” ratings on the stock—up from three in the last month. None of the analysts rate the stock as a “sell.”

Currently, T-Mobile analysts have a 12-month target price of $88.53 on the stock. On September 19, the stock was trading at a discount of 9.3% to analysts’ 12-month target price. Its median target price was $90.00 on the same date.

T-Mobile stock: Technical level

T-Mobile stock’s trailing-five-day, trailing-one-month, and trailing-12-month price movements were 1.6%, 3.5%, and 18.5%, respectively. Based on its closing price on September 19, T-Mobile stock was trading 2.9% above its 20-day moving average of $78.72. It was trading 3.0% above its 50-day moving average of $78.63.

T-Mobile was trading 5.2% above its 100-day moving average of $77.02. With a 14-day RSI (relative strength index) score of 63.5, the stock is approaching the overbought zone.

On September 19, T-Mobile stock closed near its Bollinger Band upper-range level of $81.01, which indicates that it has been overbought.

T-Mobile’s current 14-day MACD (moving average convergence divergence) is 1.33. The positive score indicates an upward trading trend for the company.

Merger with Sprint

The T-Mobile and Sprint deal is currently facing a court challenge from about 18 state attorneys general on antitrust issues. Earlier this week, Pennsylvania joined the multistate lawsuit to stop the combination of the third- and fourth-largest wireless carriers in the United States. The antitrust court trial is scheduled to start in December.

To learn more, please read How Will the T-Mobile-Sprint Merger Impact Consumers? and T-Mobile and Sprint Merger Could Lead to Job Losses.

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