T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) has been assigned a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $170.70.
TMUS has been the topic of several research reports. Cowen boosted their price target on shares of T-Mobile US from $179.00 to $187.00 in a research report on Thursday, July 28th. UBS Group set a $177.00 price target on shares of T-Mobile US in a research report on Monday, June 20th. TheStreet cut shares of T-Mobile US from a “b” rating to a “c+” rating in a research report on Wednesday, July 27th. Royal Bank of Canada boosted their price target on shares of T-Mobile US from $152.00 to $158.00 in a research report on Thursday, July 14th. Finally, KeyCorp boosted their price target on shares of T-Mobile US from $155.00 to $161.00 and gave the stock an “overweight” rating in a research report on Monday, July 11th.
T-Mobile US Trading Up 1.8%
T-Mobile US stock opened at $133.84 on Tuesday. The stock has a market cap of $167.84 billion, a P/E ratio of 97.69, a PEG ratio of 2.31 and a beta of 0.50. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.85 and a quick ratio of 0.74. T-Mobile US has a 1 year low of $101.51 and a 1 year high of $148.04. The firm’s 50 day moving average price is $140.85 and its 200-day moving average price is $135.61.
T-Mobile US (NASDAQ:TMUS – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The Wireless communications provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $1.02. The firm had revenue of $19.70 billion for the quarter, compared to analysts’ expectations of $20.08 billion. T-Mobile US had a net margin of 2.14% and a return on equity of 6.59%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 earnings per share. On average, equity analysts predict that T-Mobile US will post 2.14 earnings per share for the current fiscal year.
Insider Activity
In other news, insider Neville R. Ray sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $145.21, for a total transaction of $7,260,500.00. Following the completion of the sale, the insider now directly owns 363,902 shares of the company’s stock, valued at $52,842,209.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the sale, the director now directly owns 4,980 shares of the company’s stock, valued at $722,100. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Neville R. Ray sold 50,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $145.21, for a total transaction of $7,260,500.00. Following the completion of the sale, the insider now directly owns 363,902 shares of the company’s stock, valued at $52,842,209.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,846 shares of company stock valued at $14,808,930. 0.68% of the stock is currently owned by company insiders.
Institutional Trading of T-Mobile US
A number of hedge funds have recently added to or reduced their stakes in the business. Carnegie Capital Asset Management LLC lifted its stake in T-Mobile US by 0.8% in the second quarter. Carnegie Capital Asset Management LLC now owns 9,053 shares of the Wireless communications provider’s stock worth $1,218,000 after acquiring an additional 72 shares during the period. Kore Private Wealth LLC raised its stake in T-Mobile US by 1.6% in the second quarter. Kore Private Wealth LLC now owns 4,703 shares of the Wireless communications provider’s stock worth $633,000 after acquiring an additional 74 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in T-Mobile US by 11.1% in the third quarter. Massmutual Trust Co. FSB ADV now owns 753 shares of the Wireless communications provider’s stock worth $101,000 after acquiring an additional 75 shares during the period. LexAurum Advisors LLC lifted its position in shares of T-Mobile US by 2.4% during the third quarter. LexAurum Advisors LLC now owns 3,200 shares of the Wireless communications provider’s stock valued at $429,000 after buying an additional 75 shares during the last quarter. Finally, JFS Wealth Advisors LLC lifted its position in shares of T-Mobile US by 42.0% during the second quarter. JFS Wealth Advisors LLC now owns 257 shares of the Wireless communications provider’s stock valued at $35,000 after buying an additional 76 shares during the last quarter. 45.24% of the stock is owned by hedge funds and other institutional investors.
T-Mobile US Company Profile
(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.
Further Reading
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