United States-based wireless network operator, T-Mobile, on Thursday announced that it soon plans to begin delivering home broadband service using its wireless network. According to the company, this broadband service would cost its customers just $50/month and would initially be available for 50,000 select mobile customers.
This move is also being telegraphed as rationale for the Sprint acquisition, as the company fights against big cable giants like AT&T (T) and Verizon (VZ). This also serves as an example of how mobile carriers are planning their next push into the cable internet business.
Critics are of the opinion that the Sprint and T-Mobile deal would mean fewer choices and higher prices for consumers. In response, CEO of T-Mobile, John Legere, said that the new company would be a stronger competitor to giants like Verizon Communications and AT&T. He even promised not to raise prices for three years if the deal was approved.
According to the company, the pilot program would be available by invitation only and only in the areas where T-Mobile’s LTE 4G network has capacity to deliver high-speed internet access. T-Mobile further added that it would be able to cover more than half the nation’s households with advanced 5G broadband service by 2024.
TMUS broke above its upper Bollinger Band on March 05, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 42 similar instances where the stock broke above the upper band. In of the 42 cases the stock fell afterwards. This puts the odds of success at .
The 10-day RSI Indicator for TMUS moved out of overbought territory on March 07, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on March 14, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on TMUS as a result. In of 100 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for TMUS turned negative on March 12, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 55 similar instances when the indicator turned negative. In of the 55 cases the stock turned lower in the days that followed. This puts the odds of success at .
TMUS moved below its 50-day moving average on March 15, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TMUS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TMUS advanced for three days, in of 354 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 277 cases where TMUS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TMUS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.955) is normal, around the industry mean (5.280). P/E Ratio (23.254) is within average values for comparable stocks, (107.383). Projected Growth (PEG Ratio) (0.816) is also within normal values, averaging (9.557). Dividend Yield (0.008) settles around the average of (0.087) among similar stocks. P/S Ratio (2.462) is also within normal values, averaging (71.294).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of wireless voice, messaging and data services
Industry WirelessTelecommunications
A.I.dvisor indicates that over the last year, TMUS has been loosely correlated with TEO. These tickers have moved in lockstep 39% of the time. This A.I.-generated data suggests there is some statistical probability that if TMUS jumps, then TEO could also see price increases.
Ticker / NAME | Correlation To TMUS | 1D Price Change % | ||
---|---|---|---|---|
TMUS | 100% | -0.41% | ||
TEO - TMUS | 39% Loosely correlated | +2.23% | ||
VZ - TMUS | 37% Loosely correlated | +1.11% | ||
ORAN - TMUS | 36% Loosely correlated | +0.35% | ||
T - TMUS | 30% Poorly correlated | +1.47% | ||
RCI - TMUS | 30% Poorly correlated | -0.87% | ||
More |