T-Mobile US (TMUS) Looks Good: Stock Adds 5.5% in Session

Zacks Equity Research
Updated

T-Mobile US, Inc. TMUS was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $55.36–$62.95 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company’s credit rating was upgraded by Moody’s.

The company has seen five positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for T-Mobile US. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

T-Mobile US currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

T-Mobile US, Inc. Price

T-Mobile US, Inc. Price | T-Mobile US, Inc. Quote

A better-ranked stock in the Computer and Technology sector is Sonus Networks, Inc. SONS, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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