T-Mobile Us (NASDAQ:TMUS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.
According to Zacks, “T-Mobile has inked a $3.5 billion multi-year deal with Ericsson to boost its nationwide 5G network deployment. The company has rolled out 600 MHz wireless spectrum across its footprints and conducted Narrowband Internet of Things tests. T-Mobile and Sprint have agreed to merge in an all-stock transaction and become the New T-Mobile. T-Mobile’s innovative network expansion methodology continue to be technologically sounder to stay ahead of competition. The stock has outperformed the industry in the past three months on an average. However, a competitive and saturated U.S. wireless market and high costs associated with low-priced promotional plans remain major headwinds. Intense competition could limit the company’s ability to attract and retain customers and may adversely affect its operating results. T-Mobile launched several low-priced service plans which has increased its top line but not significantly improved bottom line numbers.”
Several other brokerages have also issued reports on TMUS. BidaskClub upgraded T-Mobile Us from a “hold” rating to a “buy” rating in a report on Friday, September 28th. Guggenheim increased their price objective on T-Mobile Us from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. KeyCorp set a $76.00 target price on T-Mobile Us and gave the company a “buy” rating in a report on Thursday, September 13th. ValuEngine upgraded T-Mobile Us from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, Barclays lowered T-Mobile Us to a “buy” rating in a report on Tuesday, September 4th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $72.46.
Shares of NASDAQ:TMUS opened at $68.38 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 1.25. T-Mobile Us has a 1 year low of $54.60 and a 1 year high of $70.94. The firm has a market cap of $59.46 billion, a P/E ratio of 29.86, a PEG ratio of 1.35 and a beta of 0.40.
T-Mobile Us (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, August 1st. The Wireless communications provider reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.06. T-Mobile Us had a return on equity of 10.87% and a net margin of 11.27%. The business had revenue of $10.57 billion during the quarter, compared to analyst estimates of $10.65 billion. During the same period last year, the company earned $0.67 earnings per share. T-Mobile Us’s quarterly revenue was up 3.5% compared to the same quarter last year. Analysts anticipate that T-Mobile Us will post 3.18 earnings per share for the current year.
In other news, CFO J Braxton Carter II sold 15,000 shares of T-Mobile Us stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $68.93, for a total value of $1,033,950.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David R. Carey sold 2,000 shares of T-Mobile Us stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $70.57, for a total value of $141,140.00. Following the completion of the transaction, the executive vice president now owns 204,851 shares in the company, valued at $14,456,335.07. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,622 shares of company stock worth $6,814,861. Corporate insiders own 0.37% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. NEXT Financial Group Inc bought a new position in shares of T-Mobile Us in the third quarter worth about $105,000. Arrow Financial Corp bought a new position in shares of T-Mobile Us in the third quarter worth about $175,000. SeaCrest Wealth Management LLC increased its stake in shares of T-Mobile Us by 92.3% in the second quarter. SeaCrest Wealth Management LLC now owns 2,812 shares of the Wireless communications provider’s stock worth $168,000 after purchasing an additional 1,350 shares during the period. Jaffetilchin Investment Partners LLC bought a new position in shares of T-Mobile Us in the third quarter worth about $203,000. Finally, Courier Capital LLC bought a new position in shares of T-Mobile Us in the third quarter worth about $225,000. Institutional investors and hedge funds own 32.97% of the company’s stock.
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 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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