#2 - T-Mobile (NASDAQ:TMUS)
T-Mobile US Inc. (NASDAQ: TMUS) is an example of why you can make exciting profits from what are considered to be boring stocks. At its core, T-Mobile is a wireless communications company. It makes revenue from selling wireless plans, which it does better than many competitors due to the size of its network.
The company is a leader in what’s known as fixed wireless. This is the practice of providing broadband service to residential consumers using the company’s existing 5G connections. In coming years, the company will pivot to fiber-optic cable connections.
This will command a premium price, but it will bring competition from more established competitors. And the company has already invested approximately $6 billion into joint ventures to support this transition.
The stock is up 33% in 2024, which is on par with the S&P 500. Over the last five years, investors have received a total return of 174.24%. That includes the company’s dividend, which has a yield of 1.64% as of October 14, 2024. T-Mobile management has also announced plans to return up to $50 billion to shareholders through share buybacks and dividends through 2027.
About T-Mobile US
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.
Read More - Current Price
- $246.20
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 18 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $241.83 (1.8% Downside)
