T-Mobile US (TMUS) Downgraded to “Sell” at BidaskClub

BidaskClub cut shares of T-Mobile US (NASDAQ:TMUS) from a hold rating to a sell rating in a report published on Thursday morning.

A number of other brokerages have also recently weighed in on TMUS. Deutsche Bank lifted their price target on shares of T-Mobile US to $72.00 and gave the stock a buy rating in a research report on Monday, December 11th. Bank of America lifted their price target on shares of T-Mobile US from $34.00 to $40.00 and gave the stock an underperform rating in a research report on Tuesday, October 24th. UBS Group raised shares of T-Mobile US from an outperform rating to a strong-buy rating in a research report on Friday, February 9th. Moffett Nathanson raised shares of T-Mobile US from a neutral rating to a buy rating in a research report on Monday, November 27th. Finally, Societe Generale initiated coverage on shares of T-Mobile US in a research report on Tuesday, October 24th. They set a buy rating and a $71.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-one have assigned a buy rating and four have given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $70.30.

Shares of T-Mobile US (TMUS) traded up $1.82 during midday trading on Thursday, hitting $60.44. 6,213,400 shares of the stock were exchanged, compared to its average volume of 3,816,575. The company has a market capitalization of $51,640.00, a PE ratio of 11.62, a price-to-earnings-growth ratio of 0.72 and a beta of 0.30. T-Mobile US has a 52 week low of $54.60 and a 52 week high of $68.88. The company has a current ratio of 0.77, a quick ratio of 0.64 and a debt-to-equity ratio of 1.30.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The company had revenue of $10.76 billion for the quarter, compared to analysts’ expectations of $10.84 billion. T-Mobile US had a net margin of 11.19% and a return on equity of 9.60%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. analysts forecast that T-Mobile US will post 3.25 EPS for the current fiscal year.

T-Mobile US announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 6th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the Wireless communications provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

In other T-Mobile US news, major shareholder Telekom Holding B.V. Deutsche purchased 300,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were purchased at an average cost of $57.79 per share, with a total value of $17,337,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David A. Miller sold 15,000 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $62.78, for a total transaction of $941,700.00. Following the sale, the executive vice president now directly owns 104,448 shares in the company, valued at $6,557,245.44. The disclosure for this sale can be found here. Insiders have sold a total of 73,620 shares of company stock worth $4,708,192 over the last three months. Insiders own 0.29% of the company’s stock.

Large investors have recently modified their holdings of the business. Rational Advisors LLC bought a new stake in T-Mobile US during the 3rd quarter worth about $105,000. Cerebellum GP LLC acquired a new position in shares of T-Mobile US during the 4th quarter worth about $127,000. Capital Bank & Trust Co increased its stake in shares of T-Mobile US by 3,128.6% during the 3rd 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 during the last quarter. Opera Trading Capital acquired a new position in shares of T-Mobile US during the 3rd quarter worth about $154,000. Finally, Prime Capital Investment Advisors LLC acquired a new position in shares of T-Mobile US during the 4th quarter worth about $184,000. 35.23% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

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