Telekom Holding B.V. Deutsche Buys 300,000 Shares of T-Mobile US Inc (TMUS) Stock

T-Mobile US Inc (NASDAQ:TMUS) major shareholder Telekom Holding B.V. Deutsche bought 300,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was bought at an average price of $57.79 per share, for a total transaction of $17,337,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of T-Mobile US Inc (NASDAQ:TMUS) traded up $1.82 on Friday, reaching $60.44. 6,213,400 shares of the company’s stock were exchanged, compared to its average volume of 3,801,372. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.64 and a current ratio of 0.77. The company has a market capitalization of $51,640.00, a price-to-earnings ratio of 11.70, a P/E/G ratio of 0.72 and a beta of 0.30. T-Mobile US Inc has a 1 year low of $54.60 and a 1 year high of $68.88.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.11. The business had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.84 billion. T-Mobile US had a net margin of 11.19% and a return on equity of 9.60%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. research analysts forecast that T-Mobile US Inc will post 3.25 EPS for the current year.

T-Mobile US announced that its Board of Directors has approved a share buyback program on Wednesday, December 6th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the Wireless communications provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

TMUS has been the topic of several research reports. Morgan Stanley increased their price objective on shares of T-Mobile US from $72.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. BidaskClub cut shares of T-Mobile US from a “hold” rating to a “sell” rating in a report on Thursday. HSBC upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. Zacks Investment Research upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Wednesday. Finally, Deutsche Bank upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating and boosted their price objective for the company from $56.22 to $65.00 in a report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the company’s stock. T-Mobile US currently has a consensus rating of “Buy” and a consensus price target of $70.30.

Several hedge funds have recently made changes to their positions in TMUS. Rational Advisors LLC bought a new stake in shares of T-Mobile US in the third quarter worth $105,000. Cerebellum GP LLC bought a new stake in shares of T-Mobile US in the fourth quarter worth $127,000. Capital Bank & Trust Co lifted its position in shares of T-Mobile US by 3,128.6% in the third quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock worth $139,000 after purchasing an additional 2,190 shares in the last quarter. Opera Trading Capital bought a new stake in shares of T-Mobile US in the third quarter worth $154,000. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of T-Mobile US in the fourth quarter worth $184,000. 35.23% of the stock is currently owned by institutional investors and hedge funds.

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About T-Mobile US

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.

Insider Buying and Selling by Quarter for T-Mobile US (NASDAQ:TMUS)

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