Metro by T-Mobile’s first order of business is 5G in 2019

T-Mobile's pre-paid Metro service will get 5G support in 2019

Metro by T-Mobile says it will be first prepaid carrier to offer 5G in 2019

The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3,700,300 shares of the stock traded hands, compared to its average volume of 3,801,948. T-Mobile Us has a 12 month low of $54.60 and a 12 month high of $70.94. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 1.25. The company has a market cap of $59.46 billion, a PE ratio of 29.20, a P/E/G ratio of 1.35 and a beta of 0.40.

T-Mobile Us (NASDAQ:TMUS) last released its earnings results on Wednesday, August 1st. The Wireless communications provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.06.

As America's Un-carrier, T-Mobile US, Inc. The company had revenue of $10.57 billion for the quarter, compared to analyst estimates of $10.65 billion. During the same quarter previous year, the firm posted $0.67 EPS. The business's quarterly revenue was up 3.5% compared to the same quarter a year ago. T-Mobile CEO John Legere and Marcelo Claure, his counterpart at Sprint, have both been outspoken in claiming that the deal must be approved for the lead the way in 5G technology and innovation.

Institutional investors have recently bought and sold shares of the company. SeaCrest Wealth Management LLC grew its position in T-Mobile Us by 92.3% in the second quarter. SeaCrest Wealth Management LLC now owns 2,812 shares of the Wireless communications provider's stock worth $168,000 after buying an additional 1,350 shares during the period.

In other T-Mobile Us news, insider Thomas Christopher Keys sold 65,000 shares of the stock in a transaction that occurred on Tuesday, August 7th. In February, T-Mobile shared plans to build out its 5G network in 30 cities this year including Las Vegas, Dallas, New York and Los Angeles. Finally, Chevy Chase Trust Holdings Inc. purchased a new stake in T-Mobile Us during the 2nd quarter worth $208,000. Finally, ValuEngine raised shares of T-Mobile Us from a "strong sell" rating to a "sell" rating in a research report on Monday, June 11th. Guggenheim increased their price target on T-Mobile Us from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, September 27th. T-Mobile Us now has a consensus rating of "Buy" and a consensus target price of $72.46. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. The stock has a consensus rating of "Buy" and an average target price of $72.46.

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands.

Offering 5G, a further step to alter long-held perceptions, blurs the already fuzzy line between traditional postpaid wireless service and prepaid.

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