Track market-moving stories before they get noisy

Comcast and Charter are tanking in unison today with no fresh filings or analyst actions to explain the size of the moves, and the usual culprit of wireless competition does not quite fit either.

Comcast Corporation (NASDAQ:CMCSA | CMCSA Price Prediction) stock is down 8% midday Wednesday to $24.30, and Charter Communications (NASDAQ:CHTR) stock is sliding 6% to $137.31. Those declines are several times the pullback in the broader communication services sector today. The two cable operators are moving together and by a similar magnitude.

The Communication Services Select Sector SPDR ETF (NYSEARCA:XLC) is down 0.6%, and the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is off 0.5%. That gap says something specific: today’s selling is concentrated in cable broadband rather than spread across the sector or broader market.

T-Mobile (NASDAQ:TMUS) stock is also lower, down 3% to $177.12. The move is far smaller than in the two cable names, and that matters. Renewed fear of fixed wireless and fiber competition is the mechanism this pair has repeatedly been marked down on, yet a shared cable slide without a proportional wireless rally doesn’t fit a clean share-shift story.

The Longer Bear Trend No dated filing, press release, or analyst action from either cable operator accounts for the size of today’s declines. Charter’s recent official releases center on the completed Cox Communications transaction, a CFO transition announced August 31, and a $4.75 billion senior secured notes offering. None of those items landed today, and Comcast’s release feed shows nothing new either.

The fundamentals behind the repricing debate remain live, though. In Q2 2026, Comcast reported domestic broadband revenue of $6.28 billion, down 5.5% year over year, tied directly to its pricing pivot. Charter’s Q2 2026 internet revenue fell 3.2% to $5.78 billion, and internet customer losses accelerated meaningfully from the prior-year quarter.

Comcast paused its share repurchase program on June 29 ahead of the planned NBCUniversal and Sky separation, removing one steady bid at moments like this. Charter carries $93.8 billion in total principal debt, so any rerating of cable free cash flow lands hard on the equity below it.

Year to date, Charter stock is down 34.4%, T-Mobile stock is off 11.2%, and Comcast stock is down 2.9%. Today’s move sits inside a much longer bear trend in cable equity, which is part of why any incremental competitive worry can compound into a same-day repricing.

Cable’s Pricing Pivot Meets Wireless Offense Comcast said on its Q2 2026 call that it “did not take a broadband rate increase” and migrated customers into simplified pricing with lower everyday price points. Broadband ARPU declined 3.8% in the quarter as free wireless lines diluted the mix, and connectivity and platforms EBITDA declined 5.8%. CEO Brian Roberts stated the “strategic pivot in broadband is gaining traction.”

Charter is fighting back with bundling. It’s offering a $1,000 savings guarantee for customers switching mobile lines from Verizon, AT&T, or T-Mobile, and it added 406,000 Spectrum Mobile lines in Q2 to reach 12.5 million total. CEO Chris Winfrey stated internet customers who also buy Charter mobile “churn nearly 40% less than internet customers who don’t have mobile.”

T-Mobile sits on the offensive side of that dynamic. Q2 2026 revenue rose 7.8% to $22.79 billion, with postpaid service revenue up 13%. Growth engines pressuring cable include 5G fixed wireless with speeds 50%+ faster than the next peer, plus the Metronet and Lumos fiber acquisitions layered on top.

On its own Q2 call, T-Mobile’s fixed-wireless lead described the product as delivering “fiber-like speeds over Wi-Fi” and said it has “graduated from being what was in the beginning perceived as just a discount product.” That kind of framing is exactly what makes the cable pair vulnerable when sentiment shifts, even without a fresh catalyst filed today.

What to Watch Investors can watch for whether the concentration in cable names holds through the close and whether either operator posts a formal disclosure. Charter is slated to participate in the Citi Global TMT and Goldman Sachs investor conferences, and any prepared broadband commentary could shape the next move for the group.

If a broker note or a competitor’s disclosure surfaces later in the session, it likely explains why cable is being repriced first and which player is most exposed. Absent that, it’s worth sizing your exposure to reflect the possibility that today’s cable repricing extends before the story is fully explained.

Contact [email protected] for any questions or corrections.

Anterix (NASDAQ:ATEX – Get Free Report) and T-Mobile US (NASDAQ:TMUS – Get Free Report) are both communication services companies, but which is the superior business? We will contrast the two companies based on the strength of their risk, dividends, profitability, valuation, institutional ownership, earnings and analyst recommendations.

Valuation and Earnings This table compares Anterix and T-Mobile US”s top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Anterix $6.50 million 260.27 $90.64 million $3.50 24.65 T-Mobile US $88.31 billion 2.20 $10.99 billion $9.55 19.01 T-Mobile US has higher revenue and earnings than Anterix. T-Mobile US is trading at a lower price-to-earnings ratio than Anterix, indicating that it is currently the more affordable of the two stocks. Institutional and Insider Ownership 87.7% of Anterix shares are owned by institutional investors. Comparatively, 42.5% of T-Mobile US shares are owned by institutional investors. 40.0% of Anterix shares are owned by insiders. Comparatively, 0.3% of T-Mobile US shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Profitability This table compares Anterix and T-Mobile US’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Anterix 933.03% -10.65% -6.06% T-Mobile US 11.45% 20.16% 5.41% Volatility & Risk Anterix has a beta of 0.84, suggesting that its share price is 16% less volatile than the S&P 500. Comparatively, T-Mobile US has a beta of 0.34, suggesting that its share price is 66% less volatile than the S&P 500.

Analyst Ratings This is a summary of recent ratings and recommmendations for Anterix and T-Mobile US, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Anterix 0 3 1 1 2.60 T-Mobile US 0 8 21 1 2.77 Anterix presently has a consensus price target of $120.00, indicating a potential upside of 39.10%. T-Mobile US has a consensus price target of $252.08, indicating a potential upside of 38.87%. Given Anterix’s higher probable upside, equities analysts plainly believe Anterix is more favorable than T-Mobile US.

About Anterix (Get Free Report)

Anterix Inc. operates as a wireless communications company. The company focuses on commercializing its spectrum assets to enable the targeted utility and critical infrastructure customers to deploy private broadband networks and innovative broadband solutions. It holds licensed spectrum in the 900 MHz band with coverage throughout the United States, Alaska, Hawaii, and Puerto Rico. The company was formerly known as pdvWireless, Inc. and changed its name to Anterix Inc. in August 2019. Anterix Inc. was incorporated in 1997 and is headquartered in Woodland Park, New Jersey.

About T-Mobile US (Get Free Report)

T-Mobile US, Inc., together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services. In addition, the company offers services, devices, and accessories under the T-Mobile and Metro by T-Mobile brands through its owned and operated retail stores, T-Mobile app and customer care channels, and its websites. It also sells its devices to dealers and other third-party distributors for resale through independent third-party retail outlets and various third-party websites. The company was founded in 1994 and is headquartered in Bellevue, Washington.

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Greenland Capital Management LP decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 46.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,086 shares of the Wireless communications provider’s stock after selling 13,975 shares during the quarter. Greenland Capital Management LP’s holdings in T-Mobile US were worth $2,698,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TMUS. BlackRock Inc. acquired a new position in T-Mobile US in the 2nd quarter valued at $6,625,275,000. Price T Rowe Associates Inc. MD increased its position in T-Mobile US by 30.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock worth $5,643,511,000 after buying an additional 6,516,968 shares during the period. State Street Corp lifted its holdings in shares of T-Mobile US by 4.3% during the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock worth $5,133,198,000 after buying an additional 1,047,624 shares in the last quarter. Capital International Investors lifted its holdings in shares of T-Mobile US by 8.2% during the fourth quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock worth $3,014,754,000 after buying an additional 1,121,409 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of T-Mobile US by 10.5% in the fourth quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock valued at $1,772,638,000 after acquiring an additional 827,381 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance Shares of NASDAQ TMUS opened at $181.52 on Monday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $255.74. The stock has a market capitalization of $194.71 billion, a P/E ratio of 19.01, a PEG ratio of 1.17 and a beta of 0.34. The stock’s fifty day moving average is $181.32 and its 200 day moving average is $192.31.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. T-Mobile US’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.84 earnings per share. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.82 earnings per share for the current fiscal year. T-Mobile US Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US’s payout ratio is presently 42.72%.

Analysts Set New Price Targets Several equities analysts recently commented on TMUS shares. KeyCorp decreased their price target on shares of T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Morgan Stanley cut their price objective on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Wells Fargo & Company decreased their target price on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Friday, July 24th. Weiss Ratings cut shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 15th. Finally, Scotiabank dropped their price target on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $252.08.

Get Our Latest Stock Analysis on TMUS

Key Stories Impacting T-Mobile US Here are the key news stories impacting T-Mobile US this week:

Positive Sentiment: Activist investor Elliott Investment Management reportedly opposes a potential merger involving Deutsche Telekom and is urging the parent company to pursue alternative ways to increase shareholder value. The report could support T-Mobile’s investment case by reducing merger-related uncertainty and keeping the focus on shareholder returns. T-Mobile Stock Rises on Report Elliott Opposes Deutsche Telekom Merger Positive Sentiment: Jessica Uhl will join T-Mobile as CFO designate in mid-September and brings senior finance experience from Shell and GE Vernova. Her global operating background may strengthen the company’s financial leadership as T-Mobile continues investing in its wireless network and growth initiatives. T-Mobile US Sets Up CFO Handover With Jessica Uhl Joining In September Neutral Sentiment: The transition is planned well in advance: current CFO Peter Osvaldik will remain in the role until February 2027 and work with Uhl during an extended handover. The overlap reduces execution risk, although investors may still be evaluating how Uhl’s priorities will differ from the current finance strategy. T-Mobile CFO Peter Osvaldik to Step Down in February 2027 Negative Sentiment: The CFO succession announcement may be contributing to near-term pressure on TMUS, as leadership changes can create uncertainty around capital allocation, financial targets and the company’s longer-term strategy, even when the transition is orderly. This comes despite T-Mobile’s recent earnings beat and year-over-year revenue growth. T-Mobile Announces Planned Chief Financial Officer Transition T-Mobile US Profile (Free Report)

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

Further Reading Five stocks we like better than T-Mobile US AI Token Costs Are Changing the Hardware vs. Software Debate 3 ETFs That Could Move as Rate Expectations Shift 3 Stocks With September Catalysts Investors Shouldn’t Ignore Ollie’s Bargain Outlet Stock Falls on Weak Comps Despite Margin Gains Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS – Free Report).

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T-Mobile (TMUS.O) said on Thursday that Peter Osvaldik will step down ​as chief financial officer in ‌February 2027, and named Jessica Uhl his successor.

Osvaldik will be a strategic ​adviser in the planned ​transition, before his scheduled retirement in ⁠July.

Uhl, a former CFO of ​Shell and most recently president ​of GE Vernova, will join T-Mobile as CFO-designate in mid-September and work alongside ​Osvaldik during the transition.

Osvaldik joined ​T-Mobile in 2016 and has served as ‌CFO ⁠since 2020.

The announcement comes after reports that activist investor Elliott Investment Management has built a stake in ​Deutsche Telekom (DTEGn.DE) ​and has ⁠urged the German telecom group to abandon a ​potential merger with T-Mobile, ​its ⁠U.S. unit.

Deutsche Telekom, which owns about 54% of T-Mobile, has been ⁠exploring ​a merger that would ​create a transatlantic telecoms giant, Reuters reported in ​April.

Longtime T-Mobile exec Mike Katz touts the company’s T-Satellite service in Bellevue, Wash., in June 2025, with a slide taking shots at Verizon and AT&T — a tradition dating to the early Un-carrier years. (GeekWire File Photo / Todd Bishop) In 2012, T-Mobile was losing hundreds of thousands of customers a quarter. AT&T’s attempted acquisition of the Bellevue, Wash.-based wireless company had just collapsed. T-Mobile was the fourth-place carrier in a four-carrier market, with a network that was a punchline and no obvious plan for fixing any of it.

Mike Katz was one of the leaders responsible for figuring it out.

The result of their work was the “Un-carrier,” a series of moves starting in 2013 that upended one industry tradition after another, launched under CEO John Legere and continued by his successor, Mike Sievert.

T-Mobile today is worth nearly $195 billion and claims the country’s best network. The company is now led by Srini Gopalan, who became CEO in November 2025.

Mike Katz. (LinkedIn Photo) Katz, whose wireless career began selling VoiceStream phones at a Circuit City in Fort Collins, Colo., is leaving after 28 years. The company announced July 7 that Katz, then chief business and product officer, would pursue “new professional interests,” staying on as an advisor through December.

During his tenure at T-Mobile, Katz worked in sales and corporate strategy, ran the company’s prepaid business, led consumer marketing through the first Un-carrier moves, built the company’s business division, and served as chief marketing officer, before becoming chief business and product officer in December 2025.

In an interview with GeekWire, Katz reflected on his experience inside one of the most improbable and irreverent comebacks in American business.

Continue reading for the lessons we took from his story.

Use speed to your advantage against bigger competitors.

When the AT&T deal died, Katz was put on a small team assigned to assess the company’s position and come up with a plan. Their advantage, he said, was that T-Mobile was too small to compete on everyone else’s terms.

“We were so subscale relative to AT&T and Verizon at the start, and what we developed because of being subscale was agility,” Katz said. “We would do things, and AT&T and Verizon would take forever to respond, and by the time they responded, all their customers were gone.”

It started with Un-carrier 1.0. Under the standard model then, a customer could get a phone for well below cost if they signed up for a two-year plan. But the carrier recovered it through the monthly service rate, which never came down once the phone was paid off. Customers paid a penalty for leaving early.

T-Mobile separated the device from the service plan in March 2013, pricing service on its own and putting the phone on monthly installments that ended when the device was paid for.

Verizon didn’t stop signing new customers to two-year contracts until August 2015. AT&T held out until January 2016.

Getting copied was the point. Katz said one measure of success for every Un-carrier move was whether AT&T and Verizon would eventually imitate it, because by the time they did, T-Mobile had already gotten all the credit and attention.

Legere reveled in calling AT&T and Verizon “Dumb and Dumber” (it was never clear which was which in his eyes). He crashed AT&T’s party at CES in 2014 and was escorted out by security, generating multiple rounds of positive publicity for T-Mobile. He asked the public to vote on how to taunt his rivals next, with skywriting over their headquarters among the options.

They were clearly having fun. Asked whether T-Mobile ever worried it had gone too far in baiting its rivals, Katz said, “Not really.” The mission then, he said, was to change wireless for everyone and not just for T-Mobile’s own customers.

The mockery extended to the events themselves. Katz recalled preparing for an early Un-carrier launch in New York when Legere, around 10 p.m. the night before, decided he wanted to open by parodying AT&T’s “It’s Not Complicated” campaign, in which a man interviewed small children at a tiny table. That meant finding dolls. Katz said the team spent the night working out how to get into the American Girl store in Manhattan.

“It was wild,” Katz said. “There were so many things in those early events.”

The next morning the lights came up on Legere at a small table, talking to the dolls.

“Maybe we were the only ones that got it,” Katz said. “But it was funny to us.”

Look for the unexpected and find out why it’s happening.

Back in 2010, then-CEO Robert Dotson put Katz in charge of the company’s prepaid business. It was not a marquee assignment.

Prepaid customers of that era “didn’t really pick prepaid. Prepaid picked them,” Katz said. “They had no other choices. They had tough credit, or they socioeconomically were in a really tough place.”

T-Mobile was also losing ground. A price war broke out in January 2009, when Sprint’s Boost Mobile introduced a $50 unlimited plan and MetroPCS answered at $40. The recession was pushing customers toward prepaid, and the flat-rate carriers were taking market share.

Katz ran prepaid as a business of its own, operations and marketing together, and looked for a way to compete without matching the price. Those cheaper plans limited customers to 3G, so T-Mobile charged a bit more, gave them 4G, and called it Monthly 4G. (A deliberately clear and functional name, as he pointed out.)

It worked. Through 2010, 2011 and 2012, while the postpaid business was shedding customers, prepaid was the only part of T-Mobile that was growing.

The surprise: a lot of the new growth was coming from previously postpaid customers, people who had other options and were choosing prepaid anyway. Katz’s team asked them why.

“There’s no contract. I sign up for a $50 plan, and it actually costs $50 a month. It’s just simple and predictable,” Katz said, quoting customers. It might seem obvious now, he said, “but at the time it’s like, wow, that’s a pretty interesting insight.”

Expand what’s working to other parts of the company.

They found inspiration in that when they turned to what T-Mobile should do next. The idea was to give postpaid customers the same simplicity that was drawing them to prepaid.

They called it pain-free wireless. They mapped out six moves in advance, including the end of upgrade restrictions and international roaming fees. These were the origins of the Un-carrier.

They pitched it to Legere, and to Sievert, the chief marketing officer at the time. Both signed on. The launch was originally set for the end of 2013. Legere moved it to the beginning of the year.

“There is something about desperation that really helps create crisp decision-making,” Katz said. “You can keep trying to make a gameplan that’s been failing for years work, or take some swings and take on some risk. … Because what’s the downside? It can’t get much worse than it was.”

Make sure people know the ad was yours.

Storytelling is the thing companies and brands get wrong most often, Katz said, and he called it the biggest thing he learned from Sievert, whom he worked with for more than a decade. It’s especially important in the wireless industry, where customers are effectively buying a promise.

“At the end of the day, we sell invisible air. You don’t really see the product we sell,” Katz said. “There’s phones, but we don’t make the phones. Apple makes the phones. There’s towers that you can see, but the tower companies, those are their towers. We sell the invisible air in between.”

Katz divides the profession into two camps: the “award show CMOs,” motivated by collecting trophies at Cannes, and the ones who measure themselves by business impact. He puts himself in the second group.

Mike Katz at a T-Mobile event in 2025. (GeekWire File Photo / Todd Bishop) One example: T-Mobile’s February 2025 Super Bowl spot, which launched the public beta of its Starlink partnership, offering satellite-to-cell texting in the parts of the country terrestrial networks don’t reach.

It was tempting to fill it with celebrities and gimmicks, he said. Instead the spot was built around a voiceover and a direct call to action: try it out for free during the beta, open to AT&T and Verizon customers too.

“If we wanted to build a Super Bowl commercial to win the best Super Bowl spot in Ad Age, we would have done something very different,” Katz said. “We would have done the celebrity-palooza.”

“Within 30 minutes of that Super Bowl spot running, we achieved all the goals that we had for the rest of the month in signups,” Katz said.

He contrasted that with Verizon’s 2024 Super Bowl ad starring Beyonce, which he said people recalled without necessarily remembering the advertiser.

Bad results don’t mean bad people.

One of the lessons Katz learned from Legere, in addition to taking risks and failing fast, came from how the incoming T-Mobile CEO treated the people who were already there when he arrived. Legere took over a company that was losing badly and kept the team in place.

“It would have been really easy for him to come in and assume, hey, company’s not doing well, we must have a bunch of bad people here, and change everybody out, and he didn’t do that,” Katz said. “Don’t assume simply because the results of the company are bad that the people are bad.”

Katz said that was in his head during the Sprint merger, where the same thing applied: a business in rough shape, staffed by people who weren’t the reason. T-Mobile’s leadership today is a mix of the two companies.

Perception can sometimes lag reality.

Katz said T-Mobile passed Verizon on network quality years before customers believed it. Verizon “had so much built up brand equity around being the best network,” he said, that four or five years later, people still named Verizon when asked who had the best network.

Ulf Ewaldsson, T-Mobile president of technology, hoists a trophy proclaiming the company’s victory in a landmark network test by Ookla, as (left to right) then-COO Srini Gopalan; Mike Katz, then president of marketing, strategy and products; and then-CEO Mike Sievert celebrate the milestone in June 2025. Gopalan has since been named CEO. (GeekWire File Photo / Todd Bishop) T-Mobile declared victory at an event in Bellevue in June 2025, citing an Ookla study built on half a billion crowdsourced data points. Verizon disputed the methodology, saying crowdsourcing can’t control for variables, and pointed instead to RootMetrics drive tests that it said still showed Verizon the most reliable.

T-Mobile then began running ads with Billy Bob Thornton declaring it the best network in the country. Earlier claims had carried qualifiers, like fastest 5G or most available 5G. This one didn’t. Katz said the gap in how customers rate the two networks is now down to a couple of points.

Staying on top is harder than the turnaround.

For all the attention the comeback gets, Katz said the more remarkable part has been what came after it.

“If you look at companies that have done big turnarounds, you don’t really see a lot that have had the kind of sustained success and continued growth for a decade and a half like T-Mobile has,” he said.

He gives much of the credit to the network. The Sprint merger gave T-Mobile a spectrum position it didn’t have before, and the company bet that 5G would play out in mid-band spectrum, which was seen as risky at the time. Protecting that advantage through later spectrum deals was one of the things he worked on.

Building the network was not.

“There’s a couple jobs that they never let me do, probably for very good reason,” Katz joked. “You actually need to know what you’re doing.”

A mature company also needs different things from its leadership than a struggling one does. Gopalan spent years on T-Mobile’s board before joining as COO and then taking over as CEO. Katz describes him as an operator who brings discipline to the details of a business that by now has years of success behind it.

Asked for his biggest mistake, Katz said he moved too slowly at times.

“There are big decisions, risky decisions, that I could have made a lot faster,” he said. “I wish I’d pushed harder to make some of those decisions.” Some of what became the early Un-carrier moves were ideas that had been floated years earlier, in corporate strategy.

Katz says he still believes the company’s best days are ahead.

As for what’s next for him? Stay tuned, he says.

Elliott Investment Management has built ​a sizeable stake ‌in Deutsche Telekom (DTEGn.DE) and indicated that ​the company ​should ditch a potential ⁠merger with T-Mobile ​US (TMUS.O), its American ​arm, Bloomberg News reported on Tuesday, citing ​people familiar with ​the matter.

The activist investor ‌wants ⁠the German telecom company to consider alternative ways to ​unlock ​shareholder ⁠value, including larger share ​buybacks, the report ​added.

Reuters ⁠could not immediately verify the ⁠report.

by Kurt Schlosser on

(BigStock Photo) T-Mobile is cutting 77 jobs across Washington state, trimming staff across its Bellevue headquarters, regional retail stores, and remote roles, according to a new state filing.

The layoffs are expected to occur between Sept. 21 and Nov. 18, according to the Worker Adjustment and Retraining Notification from the Washington Employment Security Department.

The workforce reductions span frontline, regional, and corporate roles, eliminating positions ranging from retail mobile experts and account care specialists to principal systems architects and senior directors at the wireless carrier.

In addition to 63 newly disclosed job cuts, the filing includes 14 workers whose previously announced departures were deferred to this fall.

Beyond corporate offices, the cuts will result in permanent store closures across Washington. Locations expected to close include retail sites in Seattle (45th & Stone Way), Bothell, Kennewick, Tacoma, Vancouver, and Yakima.

“Like all businesses, we’re constantly looking at where we allocate our resources so we can invest in the areas that matter the most to our customers,” a T-Mobile spokesperson said in an emailed statement. “That means making adjustments where needed while continuing to hire in areas that support our priorities, strengthen our momentum and help us keep changing the industry through innovation.”

The spokesperson pointed to a broader retail pivot aimed at concentrating its store footprint toward company-operated locations integrated with digital tools like its T-Life app, rather than third-party dealer operations.

“Changes to third-party dealer-operated locations do not affect T-Mobile employees,” the spokesperson added. “In most cases, T-Mobile retail employees can apply for positions in other locations or relocate if there is a change to their current store.”

A subset of the latest cuts stems from facility relocations, where some employees were offered transfer opportunities, according to the filing.

The company previously cut 393 workers in Washington in February.

Editor’s note: A previous version of this story incorrectly stated that a T-Mobile store in Bellingham would be closing. That information came from an error in the WARN filing.

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Ausdal Financial Partners Inc. bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,226 shares of the Wireless communications provider’s stock, valued at approximately $541,000.

A number of other hedge funds also recently added to or reduced their stakes in TMUS. Main Street Group LTD purchased a new stake in shares of T-Mobile US during the 1st quarter worth approximately $25,000. JDM Financial Group LLC increased its position in shares of T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 65 shares in the last quarter. Swiss RE Ltd. acquired a new position in shares of T-Mobile US during the 4th quarter worth $29,000. Paladin Partners LLC purchased a new stake in shares of T-Mobile US in the 2nd quarter worth about $25,000. Finally, Turning Point Benefit Group Inc. grew its stake in T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after acquiring an additional 153 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades A number of equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Scotiabank dropped their price objective on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a research note on Wednesday, July 15th. Barclays cut their price objective on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Royal Bank Of Canada reduced their target price on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Finally, DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $252.08.

Check Out Our Latest Stock Report on TMUS T-Mobile US Stock Performance NASDAQ:TMUS opened at $177.75 on Friday. The firm has a 50 day simple moving average of $181.13 and a 200-day simple moving average of $193.43. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The firm has a market cap of $190.67 billion, a PE ratio of 18.61, a P/E/G ratio of 1.01 and a beta of 0.33. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $258.66.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last announced its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The firm had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. T-Mobile US’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.84 earnings per share. On average, equities analysts expect that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. T-Mobile US’s dividend payout ratio (DPR) is 42.72%.

About T-Mobile US (Free Report)

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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On August 24, 2026, we delve into the DCF analysis for T-Mobile US Inc
TMUS +1% 78

, a company that has faced notable price fluctuations recently, with a year-to-date decline of 8.9% and a significant drop of 27.8% over the past year. The current market price stands at $183.04.

DCF Earnings-based intrinsic value suggests a significant undervaluation, with a margin of safety of 39.9%. DCF Free Cash Flow (FCF)-based intrinsic value indicates the stock is fairly valued, with a margin of safety of -7.9%. The GF Score™ of 78/100 indicates a strong reliability of the DCF inputs, reflecting the company's overall financial health and performance potential. What Is TMUS Worth? DCF Earnings-Based Model The DCF earnings-based model for T-Mobile US Inc utilizes a two-stage growth approach. In the first stage, we project earnings growth at an impressive rate of 20.4% annually for the next ten years, which is then discounted at a rate of 11%. The second stage assumes a terminal growth rate of 4% over the following ten years, also discounted at 11%. Below are the key assumptions used in this model:

Parameter Value Current EPS (TTM, excl. non-recurring) $9.74 10-Year Growth Rate 20.4% 10-Year Treasury Rate 4.71% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% Here’s a summary of the calculations for the two stages:

Stage Description Value Growth Stage (Years 1-10) EPS growing at 20.4%, discounted at 11% $152.36 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $152.02 Intrinsic Value Growth + Terminal $304.38 With the current price at $183.04 compared to an intrinsic value of $304.38, TMUS appears significantly undervalued, presenting a margin of safety of 39.9%. It is important to note that GuruFocus employs EPS figures that exclude non-recurring items, as research indicates that stock prices correlate more closely with earnings than with free cash flow. For a detailed calculation, visit the TMUS DCF Calculator.

What Does the Free Cash Flow DCF Say? In contrast, the Free Cash Flow (FCF)-based intrinsic value for T-Mobile US Inc is calculated at $169.67. This figure indicates a fair valuation with a margin of safety of -7.9%. When comparing the two models, we see a divergence in their conclusions: the earnings-based DCF suggests significant undervaluation, while the FCF-based model indicates that the stock is fairly valued. This discrepancy highlights the need for careful consideration of the underlying assumptions and the nature of the cash flows being analyzed.

How Does GF Value™ Compare to the DCF Models? The GF Value™ for T-Mobile US Inc stands at $230.26, providing a third perspective on the company's valuation. GF Value™ is a proprietary measure developed by GuruFocus, calculated based on historical trading multiples, past business growth, and future performance estimates. The divergence among the three models—earnings-based DCF, FCF-based DCF, and GF Value™—suggests a complex valuation landscape for TMUS, with the earnings-based model indicating significant undervaluation while the GF Value™ supports a more favorable outlook. For further insights, check the GF Value™ page.

What Does TMUS's GF Score™ Tell Us? The GF Score™ measures a company's financial strength, profitability, growth potential, valuation, and momentum, offering a comprehensive view of its overall health. T-Mobile US Inc has a GF Score™ of 78/100, indicating a strong position relative to its peers. The predictability rank of 3 out of 5 stars suggests that the DCF model's reliability is moderate, with higher predictability generally leading to more trustworthy DCF estimates.

Metric Rating GF Score™ 78/100 Financial Strength 4/10 Profitability 9/10 Growth 9/10 Valuation 8/10 Momentum 1/10

Key Assumptions and Limitations It is crucial to recognize that DCF models are highly sensitive to assumptions regarding growth rates and discount rates. Additionally, stocks with lower predictability ratings tend to produce less reliable DCF estimates. The terminal growth rate of 4% is a simplifying assumption that may not reflect future market conditions accurately.

What This Means for Investors In synthesizing the insights from the three valuation models—DCF earnings, DCF FCF, and GF Value™—we find a notable tension. The earnings-based DCF suggests that TMUS is significantly undervalued, while the FCF model indicates a fair valuation. The GF Value™ aligns more closely with the earnings-based DCF, suggesting a potential upside. Additionally, the guru ownership signal shows that 12 gurus currently hold TMUS stock, with 9 adding to their positions, while insiders have been net selling over the past year, which may signal caution. This mixed sentiment underscores the importance of thorough analysis before making investment decisions. For a deeper dive into the DCF analysis, visit the TMUS DCF Calculator.

Frequently Asked Questions What is TMUS's intrinsic value based on DCF?

According to our analysis, the earnings-based intrinsic value is $304.38, while the FCF-based intrinsic value is $169.67.

Is TMUS overvalued or undervalued?

The earnings-based DCF suggests TMUS is undervalued, while the FCF-based model indicates it is fairly valued. The GF Value™ also supports a favorable outlook.

How reliable is the DCF model for TMUS?

With a predictability rank of 3 out of 5 stars, the DCF model's reliability for TMUS is moderate, indicating that while it provides useful insights, investors should consider other factors as well.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

EP Wealth Advisors LLC bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,681 shares of the Wireless communications provider’s stock, valued at approximately $1,791,000.

Several other large investors have also recently made changes to their positions in TMUS. BlackRock Inc. bought a new position in T-Mobile US during the 2nd quarter valued at approximately $6,625,275,000. Norges Bank bought a new stake in T-Mobile US in the fourth quarter worth $1,335,918,000. Price T Rowe Associates Inc. MD boosted its holdings in T-Mobile US by 30.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock worth $5,643,511,000 after acquiring an additional 6,516,968 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of T-Mobile US in the second quarter worth $839,194,000. Finally, Dodge & Cox grew its stake in shares of T-Mobile US by 65.2% in the fourth quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock worth $1,256,000,000 after acquiring an additional 2,442,450 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In Several research firms have recently issued reports on TMUS. UBS Group lowered their price target on T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, July 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Barclays cut their price objective on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Wells Fargo & Company decreased their target price on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. Finally, Oppenheimer raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price for the company in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $252.08.

Read Our Latest Analysis on TMUS T-Mobile US Stock Performance Shares of TMUS stock opened at $183.04 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The company has a 50 day moving average price of $181.42 and a 200-day moving average price of $193.98. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $261.25. The firm has a market capitalization of $196.34 billion, a PE ratio of 19.17, a P/E/G ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter in the prior year, the firm earned $2.84 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s payout ratio is currently 42.72%.

About T-Mobile US (Free Report)

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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Receive News & Ratings for T-Mobile US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US and related companies with MarketBeat.com's FREE daily email newsletter.

Key Takeaways T-Mobile's service revenues rose 9% to $19.0B, while postpaid service revenues jumped 13% to $15.9B.More than 60% of customers on new accounts are choosing premium tiers, supporting ARPA growth.T-Mobile's focus on network quality and customer experience is helping drive acquisition and retention. T-Mobile, US, Inc. (TMUS - Free Report) is benefiting from sustained momentum in its service business. In the second quarter of 2026, total service revenues increased 9% year over year to $19 billion, while postpaid service revenues jumped 13% to $15.9 billion.

A major contributor is the continuous expansion of T-Mobile’s postpaid account base. Postpaid accounts reached 34.7 million in the second quarter, up from 31.5 million a year earlier. The acquisitions of UScellular and Metronet have also increased the number of customers. The company also reports that postpaid average revenue per account rose to $152.91, up 2% year over year. There are several factors driving the ARPA. Continued adoption of 5G broadband is raising customers per account. Its business vertical is benefiting from the growing demand for 5G Advanced networks and associated enterprise solutions.

Another positive factor is customer migration toward higher-value plans. Management said more than 60% of customers on new accounts are selecting premium rate-plan tiers. This is also supporting ARPA growth.

The company’s strong focus on improving network and customer experience remains an important driver for customer acquisition and retention. Its customer-centric approach is also evident from the company’s recent disaster response efforts. It has proactively deployed network resources, backup power and connectivity solutions to support its customers during harsh weather conditions. Such initiatives can strengthen customer trust and boost retention. These factors are driving the service revenue growth.

How Are Competitors Faring?The company faces competition from AT&T, Inc. (T - Free Report) and Verizon Communications, Inc. (VZ - Free Report) . In the second quarter of 2026, AT&T added more than 1 million Advanced Connectivity customers, including 646,000 Internet net adds and 432,000 postpaid phone net adds. Advanced home Internet revenues rose 27.3% year over year, and 42.5% of advanced home Internet customers also had an AT&T postpaid wireless plan. AT&T continues to invest in fiber and fixed wireless to expand advanced Internet reach and deepen household convergence with wireless.

Verizon continues to broaden its addressable market through fiber expansion and broadband growth, while strengthening convergence opportunities. In second-quarter 2026, Verizon added 348,000 broadband subscribers, including continued contributions from fixed wireless access and fiber, increasing total fixed wireless access and fiber broadband connections to approximately 17.1 million.

TMUS’ Price Performance, Valuation & EstimatesT-Mobile has declined 28% over the past year against the industry’s growth of 74.7%.

Image Source: Zacks Investment Research

Going by the price/earnings ratio, the company’s shares currently trade at 14.68, lower than the 37.54 for the industry.

Image Source: Zacks Investment Research

TMUS’ earnings estimates for 2026 and 2027 have increased over the past 60 days.

Image Source: Zacks Investment Research

T-Mobile currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

B. Metzler seel. Sohn & Co. AG acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 54,740 shares of the Wireless communications provider’s stock, valued at approximately $9,182,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. JDM Financial Group LLC increased its stake in shares of T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Main Street Group LTD purchased a new stake in shares of T-Mobile US during the 1st quarter valued at approximately $25,000. Paladin Partners LLC purchased a new stake in shares of T-Mobile US during the 2nd quarter valued at approximately $25,000. Dunhill Financial LLC bought a new position in T-Mobile US in the 2nd quarter worth approximately $27,000. Finally, Swiss RE Ltd. bought a new position in T-Mobile US in the 4th quarter worth approximately $29,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance
Shares of TMUS opened at $181.22 on Friday. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $261.25. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. The company has a market cap of $194.39 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. The stock has a 50-day moving average price of $181.54 and a 200-day moving average price of $194.06.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. T-Mobile US’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.84 earnings per share. As a group, equities analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.
T-Mobile US Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio is currently 42.72%.

Analyst Upgrades and Downgrades
Several research firms have issued reports on TMUS. TD Cowen dropped their target price on T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Wolfe Research reiterated a “peer perform” rating on shares of T-Mobile US in a research note on Friday, August 14th. Oppenheimer raised T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective on the stock in a report on Wednesday, April 29th. Finally, Scotiabank cut their target price on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $252.08.

Read Our Latest Analysis on TMUS

T-Mobile US Company Profile
(Free Report)

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS – Free Report).

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Stock to Watch: T-Mobile (TMUS - Free Report) Founded in 1994 and headquartered in Bellevue, WA, T-Mobile US, Inc. is a national wireless service provider. The company offers its services under the T-Mobile, Metro by T-Mobile and Mint Mobile brands. T-Mobile, through its subsidiaries, provides wireless services for branded postpaid and prepaid, and wholesale customers.

TMUS is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. TMUS has a Growth Style Score of B, forecasting year-over-year earnings growth of 10.4% for the current fiscal year.

Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.22 to $10.73 per share. TMUS also boasts an average earnings surprise of +17.3%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, TMUS should be on investors' short list.

BlackRock Inc. acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 39,499,642 shares of the Wireless communications provider’s stock, valued at approximately $6,625,275,000. BlackRock Inc. owned 3.68% of T-Mobile US at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ lifted its stake in T-Mobile US by 14.6% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider’s stock worth $39,354,000 after purchasing an additional 23,836 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services grew its position in shares of T-Mobile US by 34.8% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider’s stock valued at $12,593,000 after purchasing an additional 15,495 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of T-Mobile US by 16.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider’s stock valued at $20,010,000 after purchasing an additional 14,110 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of T-Mobile US by 32.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider’s stock valued at $62,370,000 after purchasing an additional 72,922 shares during the last quarter. Finally, Entropy Technologies LP lifted its position in T-Mobile US by 105.9% during the fourth quarter. Entropy Technologies LP now owns 36,117 shares of the Wireless communications provider’s stock worth $7,333,000 after buying an additional 18,573 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US In other news, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the sale, the chief operating officer owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades Several research analysts have recently commented on the company. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a report on Wednesday, April 22nd. Arete Research upped their price objective on shares of T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Scotiabank cut their price objective on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a research report on Wednesday, July 15th. Weiss Ratings downgraded shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of T-Mobile US in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $252.08. Check Out Our Latest Stock Analysis on T-Mobile US

T-Mobile US Price Performance TMUS opened at $180.12 on Tuesday. The stock’s 50-day moving average price is $181.63 and its 200 day moving average price is $194.24. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $261.56. The firm has a market cap of $193.21 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 1.03 and a beta of 0.33. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same period in the previous year, the company posted $2.84 EPS. T-Mobile US’s revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. T-Mobile US’s dividend payout ratio is 42.72%.

T-Mobile US Profile (Free Report)

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

See Also Five stocks we like better than T-Mobile US Commodities Are Booming, But These 3 ETFs Tell Different Stories 3 Active ETFs Making Big Moves in August This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem Birkenstock Beats the Skeptics—But Not on EPS Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS – Free Report).

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On August 17, 2026, we delve into the DCF analysis for T-Mobile US Inc (TMUS), a company that has faced some price volatility recently. The stock has seen a yea

BELLEVUE, Wash.--(BUSINESS WIRE)--As Tropical Storm Lala approaches Hawaiʻi, T-Mobile (NASDAQ: TMUS) is activating T-Satellite and mobilizing teams and resources across the islands to help keep people, first responders and communities connected through the storm. Lala is expected to strengthen as it approaches the islands, bringing the potential for heavy rainfall, damaging winds, flooding, mudslides and dangerous surf through the weekend. The Big Island currently faces the greatest potential i.

BELLEVUE, Wash.--(BUSINESS WIRE)--T-Mobile (NASDAQ: TMUS) today announced the new Google Pixel lineup — Pixel 11 Pro Fold, Pixel 11 Pro XL, Pixel 11 Pro, Pixel 11 and Pixel Watch 5 — is available for pre-order today with availability in stores and online starting Aug. 20. Only at T-Mobile can customers get the Google Pixel 11 Pro XL on Us or choose Equipment Installment Plan (EIP) Flex 36, T-Mobile's new financing option where well qualified customers can walk away with a new Pixel for $0 out-o.

BELLEVUE, Wash.--(BUSINESS WIRE)--T-Mobile (NASDAQ: TMUS) today announced the completion of its previously announced spectrum transaction with Grain Management, LLC. Under the transaction, T-Mobile transferred its 800 MHz spectrum portfolio to Grain in exchange for $2.9 billion in cash and all of Grain's 600 MHz spectrum licenses. The transaction received Federal Communications Commission approval on July 1, 2026. Additional details are available in T-Mobile's March 20, 2025 announcement. Advis.

When senior leaders at Nokia (NOK -1.57%) start writing six-figure checks for their own stock, I pay attention. Over the past few months, a handful of Nokia executives and board members have quietly accumulated tens of thousands of shares, even as the stock has already enjoyed a strong run on the back of its artificial intelligence ambitions. Given who sits on the other side of those AI plans -- Nvidia (NVDA -0.10%) with a billion-dollar strategic investment -- this feels more like a deliberate bet than a casual perk.

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In late May, Nokia disclosed that Victoria Hanrahan, chief of staff to the CEO, bought 44,682 Nokia shares in two New York Stock Exchange transactions at an average price of about $15.81 per share, a purchase worth just over $700,000. Then, on July 24, the company filed a managers' transaction report showing three more insiders buying: senior manager Patrik Hammarén acquired 43,293 shares in Helsinki at around 8.44 euros, board member Timo Ihamuotila picked up 60,000 shares across multiple European venues at roughly 8.45 euros, and senior manager Pallavi Mahajan bought 62,000 shares on the NYSE at about $9.55. These are not token purchases. They are meaningful personal commitments at prices that reflect the new, AI-focused Nokia rather than a turnaround bargain.

Image source: Getty Images.

The backdrop for that buying spree is Nokia's decision to tie its future networks directly to Nvidia's AI hardware. In October 2025, Nokia and Nvidia announced a strategic partnership to pioneer an AI platform for 6G, with Nvidia committing a $1 billion equity investment at a subscription price of $6.01 per share. The collaboration does two important things. First, it adds Nvidia-powered, commercial-grade AI RAN products to Nokia's existing radio access network portfolio, giving carriers a way to launch AI native 5G Advanced and 6G networks on Nvidia's new Aerial RAN Computer platforms. Second, it expands the partnership into data center switching and AI networking, combining Nokia's SR Linux software with Nvidia's Spectrum X Ethernet platform to optimize traffic inside AI clusters.

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Nokia is integrating AI into its process Nokia is not just licensing a logo here. It is rearchitecting its base stations around Nvidia silicon. In a detailed announcement, Nokia laid out plans for AI RAN base stations that run all RAN processing on Nvidia GPUs, with no separate accelerator, and for Cloud RAN solutions that use the Grace CPU Superchip for higher-layer processing, while Nokia's in-line Layer 1 accelerator handles the physical layer. T-Mobile U.S. (TMUS +3.75%) has already agreed to trial these AI RAN designs in its networks, starting in 2026, which gives Nokia a real-world proving ground rather than a purely lab-based story.

Behind the hardware, Nokia is building an AI RAN ecosystem. At Mobile World Congress 2025, it announced an AI RAN center in Dallas that will enable partners like KDDI, SoftBank, and T-Mobile to develop and test AI-powered radio networks under realistic conditions, with the goal of shaping a platform-as-a-service model for operators. The idea is that carriers will eventually be able to host AI workloads at the edge of their networks, using Nokia's anyRAN architecture to share compute between radio and AI applications, cutting costs and opening new revenue streams.

For me, this is where the insider buying starts to make sense. Nokia is positioning itself as the glue between mobile networks and the AI infrastructure that Nvidia is building. It is not trying to compete with Nvidia's GPUs or large language models. Instead, it is trying to become the default way those models reach phones, cars, and factories over 5G and 6G. If that strategy works, Nokia's AI story will be less about selling boxes and more about selling intelligent, programmable network platforms.

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Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

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Stock to Watch: T-Mobile (TMUS - Free Report) Founded in 1994 and headquartered in Bellevue, WA, T-Mobile US, Inc. is a national wireless service provider. The company offers its services under the T-Mobile, Metro by T-Mobile and Mint Mobile brands. T-Mobile, through its subsidiaries, provides wireless services for branded postpaid and prepaid, and wholesale customers.

TMUS is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 16.17; value investors should take notice.

Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.21 to $10.72 per share. TMUS also boasts an average earnings surprise of +17.3%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, TMUS should be on investors' short list.

BELLEVUE, Wash.--(BUSINESS WIRE)--Millions of Americans want a better wireless experience, but too often they're held back by barriers keeping them locked in — from complicated switching processes to the hundreds of dollars often required before they even leave the store. Today, T-Mobile (NASDAQ: TMUS) is tackling the financial barrier of upfront costs and making a better wireless experience even more accessible, with the launch of new plans that include Equipment Installment Plan (EIP) Flex 36.

‘100 Times Better’ Network“We have 65 MHz of bandwidth available to us through the EchoStar spectrum, which gives a massive increase in capability,” Musk said on SpaceX’s conference call.

“Another way to look at it is we will also probably 10x the number of satellites. So simplifying, you could look at the Starlink Mobile leveraging the next-generation satellite and the EchoStar spectrum as being 100 times better — 10 times 10 — than what we’ve got right now.”

Musk added that the upgraded network will support “voice and video calls over Signal and WhatsApp,” and pointed to reliability as a key selling point.

“We will eliminate dead zones, leveraging basically the satellites in orbit. It’ll be better during any sort of natural disaster because, surprisingly, even though space movies make space look super dangerous, it’s a pretty quiescent environment,” he said.

Eyeing the Big Three’s $600 BillionOn the revenue opportunity, Musk sized up the incumbent carriers: “The big three in the United States — AT&T, Verizon and T-Mobile — roughly between them, $600 billion a year. And I anticipate us to be able to acquire quite a few of their customers because I think our service will be better.”

Musk said SpaceX will “start to fly the satellites next year” with service launching “end of next year.”

Legacy Carriers SlipT-Mobile US (NASDAQ:TMUS), which already has a direct-to-cell partnership with SpaceX, was down 2.77% to $172.30.

SpaceX stock was down 8.09% at $115.19 following the conference call Tuesday.

Photo: Shutterstock

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Key Takeaways TMUS posted double-digit postpaid service revenue growth and higher core adjusted EBITDA this quarter.T-Mobile raised 2026 adjusted free cash flow guidance and reaffirmed service revenue and EBITDA outlook.TMUS continued expanding fixed wireless broadband and fiber ventures to support long-term growth. T-Mobile US, Inc. (TMUS - Free Report) delivered another solid quarterly performance, driven by healthy subscriber growth, expanding service revenues and improving profitability. Management also raised its adjusted free cash flow guidance for the year, reinforcing confidence in the company's operating momentum. While the stronger outlook supports the long-term investment case, investors should continue monitoring competitive pressures and execution risks before becoming more aggressive on the stock.

TMUS' Earnings Show Broad-Based StrengthT-Mobile reported broad-based strength across its second-quarter results, highlighted by double-digit growth in postpaid service revenue, higher core adjusted EBITDA and continued expansion in average revenue per account (ARPA). Management noted postpaid service revenue increased 13% year over year, while total service revenues rose 9%, reflecting the strength of the company's recurring wireless business. Core adjusted EBITDA climbed 12%, supported by subscriber growth and operating leverage. The company also reported 2% year-over-year ARPA growth, with more than 60% of customers joining new accounts selecting premium plans.
 

Image Source: Zacks Investment Research

Recurring service revenues remain the foundation of T-Mobile's business model. Continued postpaid account additions, improving customer mix and expanding broadband adoption provide greater visibility into future revenue and cash flow generation.

Higher Cash Flow Changes the OutlookThe most notable development from the quarter was management's decision to raise its adjusted free cash flow guidance. T-Mobile now expects adjusted free cash flow of $18.4 billion to $18.8 billion for 2026, an increase of $200 million at the midpoint, primarily reflecting lower expected cash income taxes. The company also reaffirmed its outlook for approximately $77 billion in service revenues and $37.1 billion to $37.5 billion in core adjusted EBITDA for the year.

Higher cash generation strengthens T-Mobile's financial flexibility. It supports continued network investment, spectrum opportunities, dividend payments and share repurchases while allowing management to maintain a disciplined capital allocation strategy.

Image Source: Zacks Investment Research

Broadband Expansion Adds Another Growth EngineWireless remains T-Mobile's core business, but broadband is becoming an increasingly important contributor to long-term growth.

Management highlighted continued momentum in fixed wireless broadband, describing it as one of the industry's fastest-growing offerings. The company also continues expanding through fiber joint ventures, which broaden its addressable market while complementing its wireless franchise. Executives noted that fiber deployments and fixed wireless are designed to work together by expanding customer reach while efficiently utilizing network capacity. Enterprise services also remain an attractive opportunity as T-Mobile continues investing in advanced 5G capabilities and AI-enabled network services.

Competition Still Demands ExecutionDespite the favorable operating trends, investors should not overlook the challenges facing the business.

Competition from Verizon Communications Inc. (VZ - Free Report) and AT&T Inc. (T - Free Report) remains intense, with promotional activity continuing across the U.S. wireless market. T-Mobile has emphasized competing through network quality and overall customer value rather than materially increasing device subsidies, but aggressive pricing from competitors could still pressure margins and subscriber economics over time.

Investors should also monitor integration of acquired assets, including UScellular operations, as well as the company's leverage and continued capital spending requirements. Successful execution across these initiatives will remain essential to sustaining earnings growth and cash flow expansion.

How TMUS Rating Signals Support the ThesisTMUS currently carries a Zacks Rank #3 (Hold), reflecting a balanced near-term investment outlook. The stock also benefits from favorable Value Score and Growth Score, while a more moderate Momentum Score suggests earnings estimate revisions and price momentum are less compelling than those typically associated with the strongest buy candidates. Under the Zacks framework, the Style Scores complement the Zacks Rank, supporting a measured investment approach rather than an aggressive bullish stance.

T-Mobile's stronger earnings, higher free cash flow outlook and expanding broadband business reinforce the company's attractive long-term fundamentals. At the same time, competitive intensity, integration execution and financial commitments continue to justify a balanced investment view that aligns with the current Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.