Tag Archives: Wall Street

T-Mobile Stock Drops Nearly $10 a Share Despite a Broader Market Rally

T-Mobile had a genuinely bad day on Wall Street this week, and the numbers are worth paying attention to even if you’re not the type to track stock prices. As reported by PhoneArena, T-Mobile’s stock fell $9.81 a share, a 5.57% drop, closing at $166.45, just 79 cents shy of its 52-week low of $165.66. What makes the drop stand out is the timing: the Dow rallied more than 300 points that same day, and while … [read full article]

T-Mobile’s Value Pitch Is Losing Its Edge, According to One Big Bank

For years, T-Mobile’s pitch to Wall Street has been simple: best network, best value, growing faster than anyone else. That story just took a hit from one prominent analyst, though plenty of others on the Street are pushing back on how bad things really are. As reported by Fierce Network, Wolfe Research analyst Peter Supino downgraded T-Mobile stock earlier this month from “outperform” to “peer perform,” essentially moving his expectation for the stock from beating the … [read full article]

TMUS stock climbs above $35 for the first time since MetroPCS merger

You’ll undoubtedly remember just over two years ago, T-Mobile and MetroPCS merged to form one company. Technically, it was structured as a reverse merger. T-Mobile didn’t have its own stock listing at the tim and was “acquired” by MetroPCS and took on its stock listening. Although it was structured that way, Deutsche Telekom still owned the controlling stake in the merged company. On its … [read full article]

T-Mobile prices its public offering of 17.4M shares

In a press release published this morning, T-Mobile announced the pricing of its registered public offering. The carrier is offering 17.4 million shares of 5.50% mandatory convertible preferred stock at a price of $50 per share. T-Mo hopes to raise around $854 million from the public offering. It’s also giving underwriters the opportunity to buy up to an additional 2.6 million shares of Mandatory Convertible Preferred Stock. As with any public offering, T-Mobile is planning to use … [read full article]

Market responds to Iliad’s T-Mobile buyout offer: TMUS value climbs, Sprint and Iliad values fall

Watching how analysts and investors interpret certain events in the technology industry has the tendency to throw up some surprises, and often times almost makes for interesting reading. Yesterday, following reports that French Telecom giant, Iliad wants to buy T-Mobile, the news affected three service providers’ value. In regards to T-Mobile (TMUS), it seems as though the extra interest in buying the company has inspired … [read full article]

Analysts apparently worried by T-Mobile’s moves

If there’s one group of people that constantly provide frustration to my working life, it’s financial analysts. In my role, running TodaysiPhone.com, I come across them a lot. Normally, they’re making crazy predictions about what Apple’s going to release next or daft predictions on the company’s financial results. Normally, they’re wrong. But that’s not what frustrates me the most. As a financial analyst, the focus is never on what really matters the most: The consumer. If what … [read full article]

T-Mobile Closing Its Doors In 2011? Not So Fast!

Update: Thanks to a sharp reader I did indeed incorrectly source the Wall Street 24/7 article which states companies that WILL disappear in 2011 when the Yahoo News article erroneously states companies that MAY disappear, guess I should pay more attention too. Doesn’t change the fact that it doesn’t say the company itself will disappear, just the brand so T-Mobile may live on according to them only under a different name and perhaps different ownership. Either … [read full article]