BidaskClub Downgrades T-Mobile Us (NASDAQ:TMUS) to Strong Sell

T-Mobile Us (NASDAQ:TMUS) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday, BidAskClub reports.

Several other equities analysts also recently issued reports on TMUS. Wells Fargo & Co upped their price objective on shares of T-Mobile Us from $82.00 to $98.00 and gave the company a “positive” rating in a research note on Monday, July 29th. Oppenheimer reissued a “market perform” rating on shares of T-Mobile Us in a research note on Tuesday, August 27th. UBS Group reaffirmed a “buy” rating and set a $96.00 price target on shares of T-Mobile Us in a research report on Tuesday, October 29th. Raymond James upped their price target on shares of T-Mobile Us from $94.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $94.00 price target on shares of T-Mobile Us in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. T-Mobile Us presently has an average rating of “Buy” and a consensus target price of $91.62.

Shares of T-Mobile Us stock traded up $1.23 on Thursday, reaching $78.07. 3,947,100 shares of the stock were exchanged, compared to its average volume of 2,927,025. The company has a current ratio of 0.66, a quick ratio of 0.59 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $65.74 billion, a PE ratio of 23.24, a PEG ratio of 1.40 and a beta of 0.41. The business has a fifty day moving average price of $79.94 and a two-hundred day moving average price of $77.75. T-Mobile Us has a 1-year low of $59.96 and a 1-year high of $85.22.

T-Mobile Us (NASDAQ:TMUS) last announced its quarterly earnings data on Monday, October 28th. The Wireless communications provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.05. The business had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $11.33 billion. T-Mobile Us had a net margin of 7.53% and a return on equity of 14.21%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Research analysts expect that T-Mobile Us will post 4.44 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. AdvisorNet Financial Inc increased its position in T-Mobile Us by 165.8% during the third quarter. AdvisorNet Financial Inc now owns 319 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 199 shares during the last quarter. Capital Investment Advisory Services LLC increased its position in T-Mobile Us by 272.8% during the second quarter. Capital Investment Advisory Services LLC now owns 343 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 251 shares during the last quarter. Usca Ria LLC acquired a new stake in shares of T-Mobile Us in the third quarter worth $32,000. Cullen Frost Bankers Inc. acquired a new stake in shares of T-Mobile Us in the third quarter worth $44,000. Finally, Coastal Capital Group Inc. acquired a new stake in shares of T-Mobile Us in the second quarter worth $53,000. 33.21% of the stock is owned by hedge funds and other institutional investors.

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

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