T-Mobile Us (TMUS) Downgraded by BidaskClub

BidaskClub lowered shares of T-Mobile Us (NASDAQ:TMUS) from a buy rating to a hold rating in a report issued on Wednesday.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of T-Mobile Us from a hold rating to a buy rating and set a $77.00 price target for the company in a research report on Monday, October 8th. Guggenheim upped their price target on shares of T-Mobile Us from $80.00 to $85.00 and gave the stock a buy rating in a research report on Thursday, September 27th. KeyCorp set a $76.00 price target on shares of T-Mobile Us and gave the stock a buy rating in a research report on Thursday, September 13th. Barclays lowered shares of T-Mobile Us to a buy rating in a research report on Tuesday, September 4th. Finally, Societe Generale reaffirmed a buy rating and set a $71.00 price target on shares of T-Mobile Us in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $72.74.

Shares of TMUS stock opened at $68.51 on Wednesday. T-Mobile Us has a one year low of $54.60 and a one year high of $70.94. The company has a quick ratio of 0.66, a current ratio of 0.85 and a debt-to-equity ratio of 1.20. The company has a market cap of $58.12 billion, a P/E ratio of 22.03, a P/E/G ratio of 2.29 and a beta of 0.39.

T-Mobile Us (NASDAQ:TMUS) last issued its quarterly earnings results on Tuesday, October 30th. The Wireless communications provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.85 by $0.08. T-Mobile Us had a net margin of 11.63% and a return on equity of 11.44%. The firm had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.73 billion. During the same quarter in the prior year, the business posted $0.63 earnings per share. T-Mobile Us’s revenue for the quarter was up 8.2% compared to the same quarter last year. Research analysts anticipate that T-Mobile Us will post 3.3 EPS for the current year.

In other news, insider Thomas Christopher Keys sold 65,000 shares of the stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $65.63, for a total value of $4,265,950.00. Following the completion of the sale, the insider now owns 381,883 shares of the company’s stock, valued at $25,062,981.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David A. Miller sold 5,000 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the sale, the executive vice president now directly owns 122,523 shares of the company’s stock, valued at approximately $7,963,995. The disclosure for this sale can be found here. Insiders sold 102,622 shares of company stock valued at $6,814,861 in the last three months. Company insiders own 0.37% of the company’s stock.

Several hedge funds have recently made changes to their positions in TMUS. DnB Asset Management AS purchased a new position in shares of T-Mobile Us in the second quarter valued at $240,108,000. Ontario Teachers Pension Plan Board purchased a new position in shares of T-Mobile Us in the second quarter valued at $132,346,000. Morgan Stanley boosted its stake in shares of T-Mobile Us by 44.5% in the second quarter. Morgan Stanley now owns 5,782,115 shares of the Wireless communications provider’s stock valued at $345,483,000 after purchasing an additional 1,781,530 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in shares of T-Mobile Us by 16,308.9% in the second quarter. Diamond Hill Capital Management Inc. now owns 1,290,233 shares of the Wireless communications provider’s stock valued at $77,091,000 after purchasing an additional 1,282,370 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of T-Mobile Us by 7,776.4% in the second quarter. CIBC Private Wealth Group LLC now owns 1,272,198 shares of the Wireless communications provider’s stock valued at $76,014,000 after purchasing an additional 1,256,046 shares during the period. Institutional investors and hedge funds own 32.78% 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 United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 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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