BidaskClub Lowers T-Mobile US, Inc. (TMUS) to Strong Sell

BidaskClub cut shares of T-Mobile US, Inc. (NASDAQ:TMUS) from a sell rating to a strong sell rating in a research note issued to investors on Thursday morning.

Other equities research analysts have also recently issued reports about the company. Moffett Nathanson reissued a neutral rating on shares of T-Mobile US in a research note on Thursday, October 12th. Macquarie reissued a hold rating and issued a $68.00 target price on shares of T-Mobile US in a research note on Tuesday, October 24th. Societe Generale assumed coverage on T-Mobile US in a research note on Tuesday, October 24th. They issued a buy rating and a $71.00 target price on the stock. Zacks Investment Research raised T-Mobile US from a sell rating to a hold rating in a research note on Friday, July 21st. Finally, Bank of America Corporation increased their target price on T-Mobile US from $34.00 to $40.00 and gave the stock an underperform rating in a research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $69.91.

T-Mobile US (NASDAQ TMUS) traded up $0.80 during midday trading on Thursday, hitting $56.80. The stock had a trading volume of 5,758,900 shares, compared to its average volume of 5,443,705. T-Mobile US has a 52-week low of $51.54 and a 52-week high of $68.88. The stock has a market capitalization of $47,255.55, a PE ratio of 25.70, a P/E/G ratio of 1.25 and a beta of 0.29. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The firm had revenue of $10.02 billion for the quarter, compared to analysts’ expectations of $10.01 billion. During the same period in the prior year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. equities research analysts expect that T-Mobile US will post 2.33 earnings per share for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the business. OZ Management LP increased its position in T-Mobile US by 35.7% in the second quarter. OZ Management LP now owns 1,733,472 shares of the Wireless communications provider’s stock worth $105,083,000 after buying an additional 455,847 shares in the last quarter. Harbor Advisors LLC increased its position in T-Mobile US by 81.2% in the third quarter. Harbor Advisors LLC now owns 18,000 shares of the Wireless communications provider’s stock worth $1,110,000 after buying an additional 8,068 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in T-Mobile US by 6.6% in the second quarter. Oppenheimer & Co. Inc. now owns 28,740 shares of the Wireless communications provider’s stock worth $1,742,000 after buying an additional 1,789 shares in the last quarter. PNC Financial Services Group Inc. increased its position in T-Mobile US by 1,887.3% in the second quarter. PNC Financial Services Group Inc. now owns 1,053,568 shares of the Wireless communications provider’s stock worth $63,865,000 after buying an additional 1,000,552 shares in the last quarter. Finally, Arizona State Retirement System purchased a new stake in T-Mobile US in the second quarter worth about $1,390,000. Institutional investors and hedge funds own 35.06% of the company’s stock.

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.

Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

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