T-Mobile US, Inc. (NASDAQ:TMUS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday, October 17th.
According to Zacks, “Over the past three months, share price of T-Mobile US declined 0.7% as against the industry's gain of 1.9%. Moreover, T-Mobile US operates in a highly competitive and saturated wireless market where success depends on technical superiority, quality of services and scalability. Offering of several low-priced service plans for individual consumers as well as small business entities though raises the company’s top line by adding customers, but the marketing costs associated increases the expenses. Also, it faces increased scrutiny in its working conditions by regulatory authorities. On the flip side, we believe T-Mobile US' network expansion and improvement plans, deployment of LTE-U technology and unlimited ‘T-Mobile One’ plan drive customers. The company has decided to roll out 600 MHz wireless spectrum in its footprints and has conducted successful Narrowband Internet of Things tests live on its commercial network.”
Other analysts have also recently issued research reports about the company. Wells Fargo & Company reissued an “outperform” rating on shares of T-Mobile US in a research report on Wednesday, June 28th. BidaskClub raised T-Mobile US from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Deutsche Bank AG reaffirmed a “hold” rating and set a $70.00 price target on shares of T-Mobile US in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating on shares of T-Mobile US in a research report on Wednesday, June 28th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $70.00 price target on shares of T-Mobile US in a research report on Saturday, July 22nd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $70.03.
T-Mobile US (TMUS) traded down $3.37 on Tuesday, reaching $55.54. The company’s stock had a trading volume of 14,476,605 shares, compared to its average volume of 4,261,824. T-Mobile US has a one year low of $48.79 and a one year high of $68.88. The stock has a market cap of $49,011.00, a P/E ratio of 26.66, a P/E/G ratio of 1.29 and a beta of 0.29. 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 announced its quarterly earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 the consensus estimate of $10.01 billion. During the same period last year, the business posted $0.27 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. equities analysts anticipate that T-Mobile US will post 2.33 EPS for the current year.
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Several hedge funds have recently modified their holdings of TMUS. Janus Henderson Group PLC grew its holdings in shares of T-Mobile US by 12,230.1% during the second quarter. Janus Henderson Group PLC now owns 4,479,412 shares of the Wireless communications provider’s stock worth $271,542,000 after purchasing an additional 4,443,083 shares during the last quarter. Capital World Investors grew its holdings in shares of T-Mobile US by 158.7% during the second quarter. Capital World Investors now owns 3,867,024 shares of the Wireless communications provider’s stock worth $234,419,000 after purchasing an additional 2,372,024 shares during the last quarter. Paulson & CO. Inc. grew its holdings in shares of T-Mobile US by 46.1% during the second quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock worth $366,793,000 after purchasing an additional 1,910,600 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of T-Mobile US by 3,877.3% during the second quarter. Prudential Financial Inc. now owns 1,587,360 shares of the Wireless communications provider’s stock worth $96,226,000 after purchasing an additional 1,547,450 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of T-Mobile US by 10.9% during the second quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock worth $929,608,000 after buying an additional 1,502,636 shares during the period. 35.06% of the stock is currently 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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