T-Mobile US, Inc. (TMUS) Bonds Rise 1.1% During Trading
An issue of T-Mobile US, Inc. (NASDAQ:TMUS) debt rose 1.1% as a percentage of its face value during trading on Wednesday. The high-yield issue of debt has a 6% coupon and will mature on April 15, 2024. The bonds in the issue are now trading at $107.70 and were trading at $106.25 one week ago. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its stock price.
TMUS has been the subject of several research analyst reports. William Blair reiterated a “buy” rating on shares of T-Mobile US in a research report on Saturday, July 22nd. UBS AG reiterated a “buy” rating and issued a $80.00 price objective on shares of T-Mobile US in a research report on Saturday, July 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $80.00 price objective on shares of T-Mobile US in a research report on Saturday, July 22nd. Drexel Hamilton initiated coverage on T-Mobile US in a research report on Thursday, June 8th. They issued a “buy” rating and a $80.00 price objective for the company. Finally, BidaskClub upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $70.23.
Shares of T-Mobile US, Inc. (NASDAQ TMUS) traded down 0.29% during midday trading on Wednesday, hitting $61.50. The stock had a trading volume of 5,695,471 shares. T-Mobile US, Inc. has a 52 week low of $44.91 and a 52 week high of $68.88. The firm has a market cap of $51.11 billion, a P/E ratio of 26.06 and a beta of 0.40. The company’s 50 day moving average is $63.11 and its 200 day moving average is $63.88.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.29. The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $9.82 billion. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. T-Mobile US’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. On average, equities analysts predict that T-Mobile US, Inc. will post $2.29 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of TMUS. BlackRock Inc. lifted its holdings in T-Mobile US by 3,998.0% during the first quarter. BlackRock Inc. now owns 13,832,340 shares of the Wireless communications provider’s stock worth $893,431,000 after acquiring an additional 13,494,802 shares during the period. Marshall Wace North America L.P. bought a new stake in T-Mobile US during the first quarter worth $298,008,000. Janus Henderson Group PLC lifted its holdings in 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 acquiring an additional 4,443,083 shares during the period. Paulson & CO. Inc. bought a new stake in T-Mobile US during the first quarter worth $267,409,000. Finally, Capital World Investors lifted its holdings in 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 acquiring an additional 2,372,024 shares during the period. Institutional investors and hedge funds own 34.77% of the company’s stock.
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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.
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