T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 17,950,000 shares, a growth of 19.2% from the November 30th total of 15,060,000 shares. Currently, 3.3% of the shares of the company are short sold. Based on an average daily volume of 5,530,000 shares, the short-interest ratio is currently 3.2 days.
T-Mobile US Price Performance
Shares of TMUS traded up $0.60 during trading hours on Friday, reaching $140.00. The stock had a trading volume of 2,554,463 shares, compared to its average volume of 5,037,304. The stock has a market capitalization of $174.18 billion, a PE ratio of 114.26, a PEG ratio of 2.54 and a beta of 0.53. T-Mobile US has a 12 month low of $101.51 and a 12 month high of $154.38. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 0.81. The company’s 50-day moving average is $145.76 and its two-hundred day moving average is $140.97.
T-Mobile US (NASDAQ:TMUS – Get Rating) last posted its earnings results on Thursday, October 27th. The Wireless communications provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). T-Mobile US had a net margin of 1.92% and a return on equity of 6.29%. The firm had revenue of $19.48 billion during the quarter, compared to the consensus estimate of $19.98 billion. During the same quarter in the previous year, the business posted $0.55 earnings per share. T-Mobile US’s revenue for the quarter was down .7% compared to the same quarter last year. Research analysts expect that T-Mobile US will post 2.02 EPS for the current year.
Analysts Set New Price Targets
Several brokerages recently issued reports on TMUS. Raymond James cut their price target on T-Mobile US from $175.00 to $168.00 and set a “strong-buy” rating for the company in a research note on Wednesday, December 14th. JPMorgan Chase & Co. set a $200.00 target price on T-Mobile US in a report on Friday, October 28th. StockNews.com began coverage on T-Mobile US in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Wolfe Research increased their price objective on shares of T-Mobile US from $162.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, September 29th. Finally, Morgan Stanley decreased their target price on shares of T-Mobile US from $180.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, December 15th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $175.95.
Insider Activity at T-Mobile US
In other news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $150.76, for a total transaction of $150,760.00. Following the completion of the transaction, the director now directly owns 3,980 shares in the company, valued at approximately $600,024.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other T-Mobile US news, insider Neville R. Ray sold 50,000 shares of the stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $150.47, for a total value of $7,523,500.00. Following the transaction, the insider now directly owns 313,902 shares of the company’s stock, valued at approximately $47,232,833.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $150.76, for a total value of $150,760.00. Following the sale, the director now owns 3,980 shares of the company’s stock, valued at approximately $600,024.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,450 shares of company stock worth $11,045,767. Insiders own 0.68% of the company’s stock.
Hedge Funds Weigh In On T-Mobile US
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Syverson Strege & Co acquired a new stake in T-Mobile US in the second quarter valued at $27,000. Household Group Estate & Retirement Specialist LLC bought a new position in shares of T-Mobile US during the third quarter worth about $27,000. Evermay Wealth Management LLC lifted its stake in shares of T-Mobile US by 103.9% in the third quarter. Evermay Wealth Management LLC now owns 208 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 106 shares during the period. Venture Visionary Partners LLC bought a new stake in T-Mobile US in the second quarter valued at approximately $30,000. Finally, Janiczek Wealth Management LLC increased its position in T-Mobile US by 88.6% during the 2nd quarter. Janiczek Wealth Management LLC now owns 215 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 101 shares during the period. 42.86% of the stock is currently owned by institutional investors and hedge funds.
About T-Mobile US
(Get Rating)
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 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider T-Mobile US, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and T-Mobile US wasn’t on the list.
While T-Mobile US currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
.