T-Mobile Us Inc (NASDAQ:TMUS) insider Thomas Christopher Keys sold 50,000 shares of T-Mobile Us stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $70.23, for a total value of $3,511,500.00. Following the completion of the sale, the insider now owns 291,883 shares in the company, valued at $20,498,943.09. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of T-Mobile Us stock traded up $1.57 on Wednesday, hitting $70.34. 3,639,500 shares of the company were exchanged, compared to its average volume of 3,862,397. The stock has a market cap of $58.12 billion, a P/E ratio of 30.72, a P/E/G ratio of 2.28 and a beta of 0.39. T-Mobile Us Inc has a 1-year low of $55.09 and a 1-year high of $70.94. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.85 and a quick ratio of 0.74.
T-Mobile Us (NASDAQ:TMUS) last issued its earnings results on Tuesday, October 30th. The Wireless communications provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.08. The business had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.73 billion. T-Mobile Us had a return on equity of 11.44% and a net margin of 11.63%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 EPS. As a group, research analysts expect that T-Mobile Us Inc will post 3.3 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. Sheets Smith Wealth Management lifted its holdings in T-Mobile Us by 3.3% in the third quarter. Sheets Smith Wealth Management now owns 23,528 shares of the Wireless communications provider’s stock valued at $1,651,000 after acquiring an additional 762 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in T-Mobile Us by 7.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 11,577 shares of the Wireless communications provider’s stock valued at $812,000 after acquiring an additional 770 shares during the last quarter. US Bancorp DE lifted its holdings in T-Mobile Us by 11.9% in the third quarter. US Bancorp DE now owns 8,233 shares of the Wireless communications provider’s stock valued at $578,000 after acquiring an additional 878 shares during the last quarter. Field & Main Bank lifted its holdings in T-Mobile Us by 6.4% in the second quarter. Field & Main Bank now owns 14,865 shares of the Wireless communications provider’s stock valued at $892,000 after acquiring an additional 900 shares during the last quarter. Finally, Buckingham Capital Management Inc. lifted its holdings in T-Mobile Us by 7.9% in the second quarter. Buckingham Capital Management Inc. now owns 12,512 shares of the Wireless communications provider’s stock valued at $748,000 after acquiring an additional 921 shares during the last quarter. Institutional investors and hedge funds own 32.64% of the company’s stock.
Several research firms recently issued reports on TMUS. Guggenheim began coverage on T-Mobile Us in a report on Thursday, November 1st. They issued a “buy” rating on the stock. Moffett Nathanson reiterated a “buy” rating on shares of T-Mobile Us in a report on Wednesday, October 31st. Nomura lifted their price objective on T-Mobile Us from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. BidaskClub cut T-Mobile Us from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Wells Fargo & Co lifted their price objective on T-Mobile Us from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, October 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $73.13.
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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 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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