Deutsche Bank Boosts T-Mobile US (TMUS) Price Target to $72.00
T-Mobile US (NASDAQ:TMUS) had its price target raised by Deutsche Bank to $72.00 in a research note published on Monday. Deutsche Bank currently has a buy rating on the Wireless communications provider’s stock.
TMUS has been the topic of several other reports. KeyCorp set a $72.00 price objective on shares of T-Mobile US and gave the company a buy rating in a report on Wednesday, October 11th. UBS reaffirmed a buy rating and issued a $70.00 price target (down from $80.00) on shares of T-Mobile US in a report on Monday, November 6th. BidaskClub lowered shares of T-Mobile US from a sell rating to a strong sell rating in a report on Thursday, November 9th. Cowen reaffirmed a buy rating and issued a $70.00 price target on shares of T-Mobile US in a report on Friday, August 25th. Finally, BTIG Research lifted their price target on shares of T-Mobile US from $74.00 to $84.00 and gave the stock a buy rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $69.70.
Shares of T-Mobile US (TMUS) traded up $0.35 during mid-day trading on Monday, reaching $63.83. 6,759,300 shares of the company traded hands, compared to its average volume of 4,330,504. The stock has a market capitalization of $52,813.08, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 1.18 and a beta of 0.29. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. T-Mobile US has a 12 month low of $54.60 and a 12 month high of $68.88.
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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.17. The company had revenue of $10.02 billion for the quarter, compared to analyst estimates of $10.01 billion. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. T-Mobile US’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $0.27 earnings per share. analysts anticipate that T-Mobile US will post 2.41 EPS for the current fiscal year.
T-Mobile US announced that its board has approved a stock buyback program on Wednesday, December 6th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the Wireless communications provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
In other news, CFO J Braxton Carter II sold 15,000 shares of T-Mobile US stock in a transaction on Monday, December 11th. The shares were sold at an average price of $62.97, for a total transaction of $944,550.00. Following the completion of the sale, the chief financial officer now directly owns 163,688 shares in the company, valued at $10,307,433.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.29% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC acquired a new position in T-Mobile US during the third quarter valued at $492,000. Public Employees Retirement System of Ohio lifted its position in T-Mobile US by 4.2% during the third quarter. Public Employees Retirement System of Ohio now owns 238,416 shares of the Wireless communications provider’s stock valued at $14,701,000 after purchasing an additional 9,622 shares during the period. IFM Investors Pty Ltd acquired a new position in T-Mobile US during the third quarter valued at $529,000. Independent Advisor Alliance acquired a new position in T-Mobile US during the third quarter valued at $282,000. Finally, Dana Investment Advisors Inc. lifted its position in T-Mobile US by 0.8% during the third quarter. Dana Investment Advisors Inc. now owns 299,119 shares of the Wireless communications provider’s stock valued at $18,444,000 after purchasing an additional 2,460 shares during the period. Institutional investors own 34.96% of the company’s stock.
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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