Tag: DOJ approve Sprint merger

Sprint (S) stock fell about 0.88% on Tuesday and closed the trading day at $6.78. It was trading 15.88% below the 52-week high of $8.06.

Currently, T-Mobile (TMUS) stock is trading at 19.75x analysts' fiscal 2019 EPS estimate of $4.01, and 16.50x their fiscal 2020 estimate of $4.80.

T-Mobile's (TMUS) retail employees and technicians want assurance that the proposed merger with Sprint (S) won't result in job losses.

T-Mobile has paused some of its 5G network deployment efforts amid its pending Sprint merger. The stock fell 1.2% on Tuesday and closed at $77.13.

Yesterday, Illinois became the 17th state to join the multistate lawsuit trying to block the T-Mobile (TMUS) and Sprint (S) merger.

Sprint (S) stock fell 9.7% in August and closed at $6.79. However, Sprint rose 0.7% in the last five trading days of August and is up 16.7% year-to-date.

On Tuesday, Sprint’s (S) mobile 5G (fifth-generation) network went live in certain parts of Los Angeles, Phoenix, New York City, and Washington, DC.

On Tuesday, Oppenheimer analyst Timothy Horan downgraded T-Mobile stock to “perform” from “outperform.” The analyst also removed the target price.

T-Mobile stock is trading at a discount of 10.3% to its 52-week high of $85.22. The stock is trading at a premium of 27.6% to its 52-week low of $59.96.

After FCC Chairman Ajit Pai recommended the approval of the T-Mobile–Sprint merger, Representative David Cicilline urged the FCC to allow public comment.