T-Mobile US, Inc. (TMUS) Cut to “Sell” at BidaskClub
BidaskClub downgraded shares of T-Mobile US, Inc. (NASDAQ:TMUS) from a hold rating to a sell rating in a report issued on Saturday.
A number of other equities analysts have also recently weighed in on TMUS. Royal Bank Of Canada reiterated a buy rating and set a $76.00 price target on shares of T-Mobile US in a report on Friday, June 2nd. Drexel Hamilton assumed coverage on T-Mobile US in a research report on Thursday, June 8th. They set a buy rating and a $80.00 price objective for the company. Credit Suisse Group restated a hold rating and issued a $69.00 price objective on shares of T-Mobile US in a report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) restated a conviction-buy rating on shares of T-Mobile US in a report on Wednesday, June 28th. Finally, Wells Fargo & Company reaffirmed an outperform rating on shares of T-Mobile US in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $70.15.
T-Mobile US (TMUS) opened at 61.52 on Friday. The stock has a market cap of $51.13 billion, a P/E ratio of 26.07 and a beta of 0.40. The company has a 50-day moving average of $63.24 and a 200 day moving average of $63.91. T-Mobile US has a 1-year low of $44.91 and a 1-year high of $68.88.
T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.29. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The company had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.82 billion. During the same quarter last year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. Analysts predict that T-Mobile US will post $2.29 EPS for the current year.
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Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of T-Mobile US by 2.6% during the second quarter. Vanguard Group Inc. now owns 15,500,894 shares of the Wireless communications provider’s stock worth $939,664,000 after purchasing an additional 389,328 shares in the last quarter. BlackRock Inc. increased its holdings in T-Mobile US by 10.9% in the second quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock valued at $929,608,000 after buying an additional 1,502,636 shares during the last quarter. Paulson & CO. Inc. increased its holdings in T-Mobile US by 46.1% in the second quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock valued at $366,793,000 after buying an additional 1,910,600 shares during the last quarter. State Street Corp increased its holdings in T-Mobile US by 5.4% in the second quarter. State Street Corp now owns 5,599,085 shares of the Wireless communications provider’s stock valued at $339,409,000 after buying an additional 289,120 shares during the last quarter. Finally, Third Point LLC increased its holdings in T-Mobile US by 5.0% in the second quarter. Third Point LLC now owns 5,250,000 shares of the Wireless communications provider’s stock valued at $318,255,000 after buying an additional 250,000 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.
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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