T-Mobile US (NASDAQ:TMUS) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.
Several other research firms have also recently weighed in on TMUS. Cowen restated a “buy” rating and set a $70.00 price target on shares of T-Mobile US in a report on Friday, August 25th. Morgan Stanley boosted their price target on T-Mobile US from $72.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday. Jefferies Group restated a “buy” rating and set a $80.00 price target on shares of T-Mobile US in a report on Thursday, September 7th. Deutsche Bank restated a “hold” rating and set a $70.00 price target on shares of T-Mobile US in a report on Friday, September 8th. Finally, Robert W. Baird restated a “hold” rating and set a $70.00 price target on shares of T-Mobile US in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $69.70.
T-Mobile US (NASDAQ TMUS) opened at $63.83 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92. The company has a market capitalization of $52,810.00, a PE ratio of 28.54, a price-to-earnings-growth ratio of 1.18 and a beta of 0.29. T-Mobile US has a 52 week low of $54.60 and a 52 week high of $68.88.
T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.17. The firm had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.01 billion. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 earnings per share. sell-side analysts forecast that T-Mobile US will post 2.41 EPS for the current year.
T-Mobile US announced that its Board of Directors has approved a stock buyback plan on Wednesday, December 6th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the Wireless communications provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
In related news, CFO J Braxton Carter II sold 15,000 shares of the company’s 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 sale, the chief financial officer now directly owns 163,688 shares in the company, valued at $10,307,433.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.
Several institutional investors have recently bought and sold shares of TMUS. Janney Montgomery Scott LLC boosted its holdings in shares of T-Mobile US by 10.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 4,224 shares of the Wireless communications provider’s stock worth $256,000 after buying an additional 416 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of T-Mobile US by 9.4% during the 2nd quarter. IFP Advisors Inc now owns 3,854 shares of the Wireless communications provider’s stock worth $234,000 after buying an additional 332 shares in the last quarter. Global X Management Co. LLC boosted its holdings in shares of T-Mobile US by 7.6% during the 2nd quarter. Global X Management Co. LLC now owns 8,349 shares of the Wireless communications provider’s stock worth $506,000 after buying an additional 587 shares in the last quarter. Cigna Investments Inc. New boosted its holdings in shares of T-Mobile US by 59.8% during the 2nd quarter. Cigna Investments Inc. New now owns 6,475 shares of the Wireless communications provider’s stock worth $393,000 after buying an additional 2,423 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of T-Mobile US by 1.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 110,620 shares of the Wireless communications provider’s stock worth $6,706,000 after buying an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 34.96% of the company’s stock.
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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 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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