T-Mobile US Sees Unusually High Options Volume (NASDAQ:TMUS)

T-Mobile US, Inc. (NASDAQ:TMUS) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 14,033 call options on the company. This is an increase of approximately 61% compared to the typical daily volume of 8,722 call options.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TMUS shares. UBS Group decreased their target price on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research note on Friday, July 24th. KeyCorp cut their price objective on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Bank of America upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a research note on Monday, July 6th. Barclays dropped their target price on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Finally, Royal Bank Of Canada reduced their price target on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.48.

T-Mobile US Stock Performance

NASDAQ:TMUS traded up $3.31 during mid-day trading on Wednesday, hitting $165.72. 2,714,504 shares of the company’s stock traded hands, compared to its average volume of 5,609,628. The firm has a market capitalization of $177.76 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 1.06 and a beta of 0.34. The firm has a 50 day moving average of $180.13 and a two-hundred day moving average of $188.74. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. T-Mobile US has a 12 month low of $161.14 and a 12 month high of $242.37.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.59 by $0.40. The firm had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.84 EPS. On average, equities analysts forecast that T-Mobile US will post 10.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the transaction, the chief accounting officer directly owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.32% of the company’s stock.

Institutional Trading of T-Mobile US

Hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of T-Mobile US during the 2nd quarter worth approximately $6,625,275,000. Norges Bank bought a new stake in shares of T-Mobile US in the fourth quarter valued at approximately $1,335,918,000. Bank of New York Mellon Corp acquired a new stake in T-Mobile US during the second quarter worth approximately $839,194,000. Bank of America Corp DE bought a new position in T-Mobile US during the 2nd quarter worth $758,977,000. Finally, Legal & General Group Plc bought a new position in T-Mobile US during the 2nd quarter worth $583,675,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

About T-Mobile US

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.