Tag: T-Mobile stock

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.

AT&T’s Q2 operating cash flow rose 39.6% YoY to $14.3 billion. AT&T expects its free cash flow to grow 25.3% YoY to $28 billion in 2019.

AT&T stock touched a 52-week high of $35.98 on September 5, closing at $35.89. AT&T has generated a 12.1% return in the last 12 months.

T-Mobile's troubles increased amid its pending merger with Sprint. Yesterday, New York City sued the company for rampant sales abuses.

On Tuesday, AT&T announced the appointment of John Stankey as its president and COO—a new position. AT&T stock rose 0.3% and closed at $35.38 on the day.

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 Thursday, AT&T (T) and Nexstar Media signed a new multiyear content carriage contract, which ended an eight-week blackout.

In a court filing, T-Mobile said that Sprint is struggling financially and is unlikely to be a meaningful competitor as a standalone wireless company.