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