Tag: s stock
Yesterday, Pennsylvania joined other states in a lawsuit to block the $26.0 billion T-Mobile–Sprint merger. It is the 18th state trying the stop the deal.
According to Makan Delrahim, the T-Mobile and Sprint merger would increase competition in the wireless market and benefit consumers.
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.
Shares of T-Mobile and Sprint have been trading in a narrow range since last month. The uncertainty of their pending merger has driven their performances.
T-Mobile's (TMUS) retail employees and technicians want assurance that the proposed merger with Sprint (S) won't result in job losses.
Yesterday, Illinois became the 17th state to join the multistate lawsuit trying to block the T-Mobile (TMUS) and Sprint (S) merger.