T-Mobile US (TMUS) Debt Trading 0.8% Lower

An issue of T-Mobile US, Inc. (NASDAQ:TMUS) debt fell 0.8% as a percentage of its face value during trading on Thursday. The debt issue has a 5.125% coupon and is set to mature on April 15, 2025. The bonds in the issue are now trading at $101.00 and were trading at $100.50 one week ago. Price changes in a company’s debt in credit markets often anticipate parallel changes in its share price.

TMUS has been the topic of a number of recent analyst reports. BidaskClub raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, March 3rd. Guggenheim initiated coverage on shares of T-Mobile US in a research report on Tuesday, March 13th. They issued a “buy” rating and a $80.00 target price on the stock. ValuEngine downgraded shares of T-Mobile US from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. KeyCorp reaffirmed a “buy” rating and issued a $76.00 target price on shares of T-Mobile US in a research report on Tuesday, January 2nd. Finally, Zacks Investment Research raised shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and four have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $70.65.

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Shares of T-Mobile US stock opened at $61.95 on Friday. T-Mobile US, Inc. has a 1 year low of $54.60 and a 1 year 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. The firm has a market cap of $53,846.09, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 0.83 and a beta of 0.42.

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, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.11. T-Mobile US had a net margin of 11.19% and a return on equity of 9.60%. The company had revenue of $10.76 billion for the quarter, compared to the consensus estimate of $10.84 billion. During the same period last year, the firm posted $0.45 EPS. T-Mobile US’s revenue for the quarter was up 5.1% on a year-over-year basis. research analysts forecast that T-Mobile US, Inc. will post 3.4 EPS for the current year.

In other T-Mobile US news, COO G Michael Sievert sold 11,162 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $62.67, for a total transaction of $699,522.54. Following the transaction, the chief operating officer now directly owns 475,341 shares of the company’s stock, valued at approximately $29,789,620.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Elizabeth A. Mcauliffe sold 4,090 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $61.04, for a total transaction of $249,653.60. Following the transaction, the executive vice president now directly owns 68,168 shares in the company, valued at $4,160,974.72. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 1,840,000 shares of company stock worth $110,974,950 and have sold 55,252 shares worth $3,536,676. Company insiders own 0.29% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. BTC Capital Management Inc. lifted its stake in shares of T-Mobile US by 26.3% in the 4th quarter. BTC Capital Management Inc. now owns 5,419 shares of the Wireless communications provider’s stock worth $345,000 after acquiring an additional 1,128 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of T-Mobile US by 1.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 95,245 shares of the Wireless communications provider’s stock worth $6,049,000 after acquiring an additional 1,154 shares during the period. CMH Wealth Management LLC lifted its stake in shares of T-Mobile US by 5.4% in the 4th quarter. CMH Wealth Management LLC now owns 23,800 shares of the Wireless communications provider’s stock worth $1,524,000 after acquiring an additional 1,210 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of T-Mobile US by 9.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,411 shares of the Wireless communications provider’s stock worth $918,000 after acquiring an additional 1,285 shares during the period. Finally, Checchi Capital Advisers LLC lifted its stake in shares of T-Mobile US by 34.7% in the 4th quarter. Checchi Capital Advisers LLC now owns 5,622 shares of the Wireless communications provider’s stock worth $357,000 after acquiring an additional 1,448 shares during the period. Institutional investors own 35.66% of the company’s stock.

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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 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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