BidaskClub cut shares of T-Mobile Us (NASDAQ:TMUS) from a buy rating to a hold rating in a report published on Friday morning.
Several other equities research analysts have also commented on the stock. Guggenheim boosted their price target on shares of T-Mobile Us from $80.00 to $85.00 and gave the company a buy rating in a report on Thursday, September 27th. KeyCorp set a $76.00 price target on shares of T-Mobile Us and gave the company a buy rating in a report on Thursday, September 13th. Barclays lowered shares of T-Mobile Us to a buy rating in a report on Tuesday, September 4th. ValuEngine upgraded shares of T-Mobile Us from a sell rating to a hold rating in a report on Tuesday, August 7th. Finally, Societe Generale restated a buy rating and issued a $71.00 price target on shares of T-Mobile Us in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $72.46.
NASDAQ:TMUS opened at $68.82 on Friday. T-Mobile Us has a one year low of $54.60 and a one year high of $70.94. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.76 and a quick ratio of 0.66. The stock has a market capitalization of $59.46 billion, a PE ratio of 30.01, a price-to-earnings-growth ratio of 1.35 and a beta of 0.40.
T-Mobile Us (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, August 1st. The Wireless communications provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. T-Mobile Us had a net margin of 11.27% and a return on equity of 10.87%. The business had revenue of $10.57 billion during the quarter, compared to analyst estimates of $10.65 billion. During the same quarter in the previous year, the business posted $0.67 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. Research analysts forecast that T-Mobile Us will post 3.18 earnings per share for the current year.
In other news, insider Thomas Christopher Keys sold 65,000 shares of T-Mobile Us stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $65.63, for a total value of $4,265,950.00. Following the transaction, the insider now owns 381,883 shares of the company’s stock, valued at approximately $25,062,981.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO J Braxton Carter II sold 15,000 shares of T-Mobile Us stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $68.93, for a total transaction of $1,033,950.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,622 shares of company stock worth $6,814,861. Insiders own 0.37% of the company’s stock.
Institutional investors have recently modified their holdings of the company. SeaCrest Wealth Management LLC grew its position in shares of T-Mobile Us by 92.3% in the 2nd 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 last quarter. Jaffetilchin Investment Partners LLC purchased a new position in shares of T-Mobile Us in the 3rd quarter worth approximately $203,000. XR Securities LLC purchased a new position in shares of T-Mobile Us in the 3rd quarter worth approximately $234,000. Chevy Chase Trust Holdings Inc. purchased a new position in shares of T-Mobile Us in the 2nd quarter worth approximately $208,000. Finally, Acadian Asset Management LLC purchased a new stake in T-Mobile Us during the 2nd quarter worth approximately $211,000. 32.97% of the stock is currently owned by hedge funds and other institutional investors.
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 72.6 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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