T-Mobile US Inc (NASDAQ:TMUS) has been assigned an average recommendation of “Buy” from the thirty brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, twenty have given a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $70.56.
A number of brokerages have issued reports on TMUS. Morgan Stanley upped their price objective on T-Mobile US from $72.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. BidaskClub downgraded T-Mobile US from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. HSBC upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. Zacks Investment Research upgraded T-Mobile US from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Wednesday, February 14th. Finally, Deutsche Bank upgraded T-Mobile US from a “hold” rating to a “buy” rating and upped their price objective for the company from $56.22 to $65.00 in a research report on Thursday, November 9th.
In related news, CFO J Braxton Carter II sold 15,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $62.97, for a total value of $944,550.00. Following the transaction, the chief financial officer now owns 163,688 shares of the company’s stock, valued at $10,307,433.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Peter A. Ewens sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $62.95, for a total value of $629,500.00. Following the completion of the transaction, the executive vice president now directly owns 166,434 shares in the company, valued at approximately $10,477,020.30. The disclosure for this sale can be found here. In the last three months, insiders sold 73,620 shares of company stock worth $4,708,192. 0.29% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in TMUS. Rational Advisors LLC bought a new position in T-Mobile US in the third quarter worth approximately $105,000. Cerebellum GP LLC bought a new position in T-Mobile US in the fourth quarter worth approximately $127,000. Capital Bank & Trust Co grew its stake in T-Mobile US by 3,128.6% in the third quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock worth $139,000 after purchasing an additional 2,190 shares in the last quarter. Opera Trading Capital bought a new position in T-Mobile US in the third quarter worth approximately $154,000. Finally, Prime Capital Investment Advisors LLC bought a new position in T-Mobile US in the fourth quarter worth approximately $184,000. 34.82% of the stock is currently owned by institutional investors.
Shares of T-Mobile US (NASDAQ TMUS) opened at $60.51 on Wednesday. T-Mobile US has a 52-week low of $54.60 and a 52-week high of $68.88. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.64 and a current ratio of 0.77. The stock has a market capitalization of $51,316.98, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 0.74 and a beta of 0.38.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. T-Mobile US had a return on equity of 9.60% and a net margin of 11.19%. The business had revenue of $10.76 billion for the quarter, compared to the consensus estimate of $10.84 billion. During the same period in the prior year, the business posted $0.45 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. equities research analysts predict that T-Mobile US will post 3.25 EPS for the current year.
T-Mobile US declared that its Board of Directors has initiated a stock repurchase program on Wednesday, December 6th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the Wireless communications provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.
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About T-Mobile US
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.
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