T-Mobile US, Inc. (NASDAQ:TMUS) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Thursday, November 9th.
A number of other research analysts also recently weighed in on the company. Cowen and Company reaffirmed a “buy” rating and set a $70.00 price target on shares of T-Mobile US in a research note on Friday, August 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 price target on shares of T-Mobile US in a research note on Thursday, September 7th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $70.00 target price on shares of T-Mobile US in a report on Friday, September 8th. William Blair reissued a “buy” rating on shares of T-Mobile US in a report on Saturday, July 22nd. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $73.00 price target (up from $70.00) on shares of T-Mobile US in a report on Saturday, July 22nd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. T-Mobile US presently has an average rating of “Buy” and an average price target of $69.91.
T-Mobile US (NASDAQ TMUS) traded up $0.11 during trading on Thursday, hitting $60.41. The stock had a trading volume of 5,170,100 shares, compared to its average volume of 4,305,559. The firm has a market cap of $50,170.00, a PE ratio of 27.28, a P/E/G ratio of 1.32 and a beta of 0.29. T-Mobile US has a 12 month low of $53.30 and a 12 month high of $68.88. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.80.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share 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 business had revenue of $10.02 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the previous year, the company posted $0.27 EPS. T-Mobile US’s quarterly revenue was up 7.7% compared to the same quarter last year. research analysts anticipate that T-Mobile US will post 2.33 earnings per share for the current year.
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Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in shares of T-Mobile US by 39.0% during the 1st quarter. Principal Financial Group Inc. now owns 28,036 shares of the Wireless communications provider’s stock valued at $1,811,000 after purchasing an additional 7,863 shares during the last quarter. Atria Investments LLC bought a new position in shares of T-Mobile US during the 2nd quarter valued at about $261,000. Bank of Montreal Can boosted its holdings in shares of T-Mobile US by 71.4% during the 2nd quarter. Bank of Montreal Can now owns 375,933 shares of the Wireless communications provider’s stock valued at $22,790,000 after purchasing an additional 156,539 shares during the last quarter. Creative Planning boosted its holdings in shares of T-Mobile US by 55.8% during the 2nd quarter. Creative Planning now owns 4,989 shares of the Wireless communications provider’s stock valued at $302,000 after purchasing an additional 1,786 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of T-Mobile US by 1.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 14,919 shares of the Wireless communications provider’s stock valued at $904,000 after purchasing an additional 260 shares during the last quarter. 35.48% of the stock is owned by 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 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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