Nordea Investment Management AB held its stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,177 shares of the Wireless communications provider’s stock at the close of the 2nd quarter. Nordea Investment Management AB’s holdings in T-Mobile US were worth $374,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Proficio Capital Partners LLC raised its holdings in shares of T-Mobile US by 23.8% during the first quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock worth $108,000 after purchasing an additional 306 shares during the period. Barrett Asset Management LLC acquired a new stake in shares of T-Mobile US in the 2nd quarter worth about $110,000. Fifth Third Bancorp increased its holdings in shares of T-Mobile US by 64.8% in the 1st quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock worth $112,000 after acquiring an additional 680 shares during the period. Smithfield Trust Co. increased its holdings in shares of T-Mobile US by 1,513.6% in the 2nd quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock worth $115,000 after acquiring an additional 1,786 shares during the period. Finally, D. Scott Neal Inc. acquired a new stake in shares of T-Mobile US in the 2nd quarter worth about $116,000. 34.77% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on TMUS shares. Deutsche Bank AG reaffirmed a “hold” rating and issued a $70.00 price objective (up previously from $69.00) on shares of T-Mobile US in a report on Friday, July 14th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating on shares of T-Mobile US in a report on Wednesday, June 28th. Zacks Investment Research raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $80.00 price objective on shares of T-Mobile US in a report on Thursday, September 7th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $73.00 price objective (up previously from $70.00) on shares of T-Mobile US in a report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. T-Mobile US currently has an average rating of “Buy” and an average target price of $70.02.
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T-Mobile US, Inc. (NASDAQ:TMUS) opened at 61.23 on Wednesday. The firm has a market cap of $50.89 billion, a P/E ratio of 25.94 and a beta of 0.40. T-Mobile US, Inc. has a one year low of $45.07 and a one year high of $68.88. The firm’s 50-day moving average price is $62.93 and its 200 day moving average price is $63.84.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.29. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $9.82 billion. During the same quarter in the prior year, the business posted $0.25 EPS. The business’s revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts forecast that T-Mobile US, Inc. will post $2.27 EPS for the current year.
About T-Mobile US
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 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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