Deutsche Bank began coverage on shares of T-Mobile Us (NASDAQ:TMUS) in a research note released on Wednesday, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $140.00 price target on the Wireless communications provider’s stock.
Several other equities analysts have also recently issued reports on TMUS. UBS Group restated a buy rating and issued a $120.00 price target on shares of T-Mobile Us in a research report on Tuesday, June 23rd. Royal Bank of Canada cut T-Mobile Us from an outperform rating to a sector perform rating and set a $110.00 price target on the stock. in a research report on Wednesday. They noted that the move was a valuation call. Raymond James restated an outperform rating and issued a $105.00 price target (up previously from $99.00) on shares of T-Mobile Us in a research report on Friday, May 22nd. Oppenheimer restated a hold rating on shares of T-Mobile Us in a research report on Friday, May 1st. Finally, BidaskClub cut T-Mobile Us from a buy rating to a hold rating in a research report on Wednesday, July 1st. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. T-Mobile Us has an average rating of Buy and an average target price of $110.68.
Shares of NASDAQ TMUS opened at $107.38 on Wednesday. The company has a market capitalization of $146.76 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 3.75 and a beta of 0.30. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.64 and a quick ratio of 0.56. The business has a 50-day moving average of $105.47 and a two-hundred day moving average of $93.10. T-Mobile Us has a 1 year low of $63.50 and a 1 year high of $111.58.
T-Mobile Us (NASDAQ:TMUS) last posted its earnings results on Wednesday, May 6th. The Wireless communications provider reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.07. T-Mobile Us had a return on equity of 13.96% and a net margin of 7.80%. The business had revenue of $11.11 billion for the quarter, compared to analysts’ expectations of $11.42 billion. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. As a group, equities research analysts expect that T-Mobile Us will post 1.43 earnings per share for the current year.
In other news, EVP Peter A. Ewens sold 200,000 shares of the stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $106.49, for a total transaction of $21,298,000.00. Following the transaction, the executive vice president now owns 70,077 shares of the company’s stock, valued at $7,462,499.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ronald D. Fisher purchased 350,000 shares of T-Mobile Us stock in a transaction dated Friday, June 26th. The shares were bought at an average cost of $103.00 per share, for a total transaction of $36,050,000.00. Following the transaction, the insider now directly owns 221,672 shares of the company’s stock, valued at approximately $22,832,216. The disclosure for this purchase can be found here. 0.47% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of TMUS. IBM Retirement Fund increased its position in shares of T-Mobile Us by 38.3% during the first quarter. IBM Retirement Fund now owns 9,977 shares of the Wireless communications provider’s stock worth $837,000 after acquiring an additional 2,763 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in T-Mobile Us by 115.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 129,880 shares of the Wireless communications provider’s stock valued at $13,527,000 after buying an additional 69,700 shares during the period. Retirement Network bought a new position in T-Mobile Us in the 1st quarter valued at about $177,000. Clarius Group LLC bought a new position in T-Mobile Us in the 2nd quarter valued at about $255,000. Finally, Envestnet Asset Management Inc. increased its holdings in T-Mobile Us by 40.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 254,650 shares of the Wireless communications provider’s stock valued at $26,522,000 after buying an additional 73,490 shares during the period. 23.58% of the stock is currently owned by institutional investors and hedge funds.
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 79.7 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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