BidaskClub upgraded shares of T-Mobile Us (NASDAQ:TMUS) from a hold rating to a buy rating in a research note issued to investors on Friday.
A number of other equities research analysts have also recently weighed in on TMUS. ValuEngine cut T-Mobile Us from a hold rating to a sell rating in a research note on Thursday, March 1st. Guggenheim started coverage on T-Mobile Us in a research note on Tuesday, March 13th. They issued a buy rating and a $80.00 price objective for the company. Wells Fargo & Co cut T-Mobile Us from an outperform rating to a market perform rating in a research note on Monday, April 30th. Oppenheimer lifted their price objective on T-Mobile Us and gave the company an outperform rating in a research note on Monday, April 30th. Finally, Royal Bank of Canada reaffirmed a buy rating and issued a price objective on shares of T-Mobile Us in a research note on Monday, April 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have issued a buy rating and four have issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $71.46.
TMUS stock opened at $60.79 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 1.28. The firm has a market cap of $50.81 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 0.97 and a beta of 0.33. T-Mobile Us has a 52-week low of $54.60 and a 52-week high of $66.52.
T-Mobile Us (NASDAQ:TMUS) last posted its earnings results on Tuesday, May 1st. The Wireless communications provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.07. T-Mobile Us had a return on equity of 10.41% and a net margin of 10.90%. The company had revenue of $10.46 billion during the quarter, compared to analysts’ expectations of $10.35 billion. During the same quarter last year, the firm earned $0.80 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. equities research analysts anticipate that T-Mobile Us will post 3.23 earnings per share for the current fiscal year.
In related news, CAO Peter Osvaldik sold 4,000 shares of T-Mobile Us stock in a transaction on Friday, April 27th. The stock was sold at an average price of $65.00, for a total value of $260,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 27,699 shares in the company, valued at $1,800,435. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO G Michael Sievert sold 3,056 shares of T-Mobile Us stock in a transaction on Monday, May 7th. The shares were sold at an average price of $56.64, for a total value of $173,091.84. Following the completion of the transaction, the chief operating officer now owns 467,225 shares of the company’s stock, valued at $26,463,624. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,956 shares of company stock valued at $684,057. 0.37% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in TMUS. Tybourne Capital Management HK Ltd. purchased a new stake in T-Mobile Us during the 4th quarter worth about $272,331,000. Maverick Capital Ltd. lifted its holdings in T-Mobile Us by 103.0% during the 4th quarter. Maverick Capital Ltd. now owns 3,349,036 shares of the Wireless communications provider’s stock worth $212,697,000 after buying an additional 1,699,036 shares during the last quarter. Two Sigma Investments LP purchased a new stake in T-Mobile Us during the 4th quarter worth about $96,296,000. Millennium Management LLC lifted its holdings in T-Mobile Us by 144.4% during the 4th quarter. Millennium Management LLC now owns 2,499,252 shares of the Wireless communications provider’s stock worth $158,727,000 after buying an additional 1,476,469 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in T-Mobile Us by 207.7% during the 4th quarter. Allianz Asset Management GmbH now owns 1,931,620 shares of the Wireless communications provider’s stock worth $122,677,000 after buying an additional 1,303,943 shares during the last quarter. 33.62% of the stock is owned by 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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