T-Mobile Us (NASDAQ:TMUS) Cut to Sell at BidaskClub

BidaskClub cut shares of T-Mobile Us (NASDAQ:TMUS) from a hold rating to a sell rating in a research report report published on Saturday morning, BidAskClub reports.

A number of other brokerages have also weighed in on TMUS. Wells Fargo & Co raised their price target on shares of T-Mobile Us from $82.00 to $98.00 and gave the company a positive rating in a research note on Monday, July 29th. Royal Bank of Canada set a $87.00 price target on shares of T-Mobile Us and gave the company a buy rating in a research note on Monday, August 5th. KeyCorp raised their price target on shares of T-Mobile Us from $76.00 to $88.00 and gave the company an overweight rating in a research note on Friday, April 26th. Zacks Investment Research lowered shares of T-Mobile Us from a buy rating to a hold rating in a research note on Friday, April 12th. Finally, HSBC set a $85.00 price target on shares of T-Mobile Us and gave the company a buy rating in a research note on Monday, June 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $89.55.

NASDAQ:TMUS opened at $77.62 on Friday. T-Mobile Us has a 52 week low of $59.96 and a 52 week high of $85.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.62 and a quick ratio of 0.54. The firm has a market cap of $66.32 billion, a PE ratio of 23.10, a PEG ratio of 1.50 and a beta of 0.36. The company’s 50-day simple moving average is $77.79.

T-Mobile Us (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, July 25th. The Wireless communications provider reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.30. The firm had revenue of $10.98 billion for the quarter, compared to analyst estimates of $11.14 billion. T-Mobile Us had a net margin of 7.40% and a return on equity of 13.89%. T-Mobile Us’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.92 EPS. As a group, equities research analysts expect that T-Mobile Us will post 4.19 earnings per share for the current year.

In other T-Mobile Us news, COO G Michael Sievert sold 9,324 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $75.50, for a total value of $703,962.00. Following the transaction, the chief operating officer now directly owns 533,965 shares of the company’s stock, valued at approximately $40,314,357.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AO Asset Management LP lifted its stake in T-Mobile Us by 5.5% in the 1st quarter. AO Asset Management LP now owns 1,020,400 shares of the Wireless communications provider’s stock worth $70,510,000 after purchasing an additional 53,400 shares in the last quarter. BB&T Corp increased its holdings in shares of T-Mobile Us by 14.5% during the 1st quarter. BB&T Corp now owns 103,266 shares of the Wireless communications provider’s stock worth $7,136,000 after buying an additional 13,116 shares during the last quarter. Tuttle Tactical Management acquired a new stake in shares of T-Mobile Us during the 1st quarter worth approximately $1,962,000. OppenheimerFunds Inc. increased its holdings in shares of T-Mobile Us by 6.7% during the 1st quarter. OppenheimerFunds Inc. now owns 790,466 shares of the Wireless communications provider’s stock worth $54,621,000 after buying an additional 49,344 shares during the last quarter. Finally, CENTRAL TRUST Co increased its holdings in shares of T-Mobile Us by 5.5% during the 1st quarter. CENTRAL TRUST Co now owns 62,767 shares of the Wireless communications provider’s stock worth $4,337,000 after buying an additional 3,274 shares during the last quarter. 32.67% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile Us Company Profile

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 79.7 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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Analyst Recommendations for T-Mobile Us (NASDAQ:TMUS)

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