T-Mobile US (TMUS) Rating Increased to Outperform at Macquarie
Macquarie upgraded shares of T-Mobile US (NASDAQ:TMUS) from a neutral rating to an outperform rating in a research note published on Thursday morning, MarketBeat.com reports.
Several other equities analysts have also recently weighed in on TMUS. Cowen restated a buy rating and set a $70.00 price objective on shares of T-Mobile US in a research note on Friday, August 25th. Jefferies Group reaffirmed a buy rating and set a $80.00 target price on shares of T-Mobile US in a research report on Thursday, September 7th. Deutsche Bank reaffirmed a hold rating and set a $70.00 target price on shares of T-Mobile US in a research report on Friday, September 8th. BidaskClub lowered T-Mobile US from a buy rating to a hold rating in a research report on Tuesday, September 12th. Finally, KeyCorp reaffirmed an overweight rating and set a $72.00 target price on shares of T-Mobile US in a research report on Saturday, September 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $69.70.
T-Mobile US (NASDAQ:TMUS) opened at $62.66 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92. T-Mobile US has a 52 week low of $54.60 and a 52 week high of $68.88. The firm has a market capitalization of $52,130.86, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 1.17 and a beta of 0.29.
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 for the quarter, beating the 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 analysts’ expectations of $10.01 billion. During the same period last year, the business earned $0.27 EPS. The business’s revenue was up 7.7% on a year-over-year basis. equities research analysts anticipate that T-Mobile US will post 2.42 earnings per share for the current year.
T-Mobile US announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 6th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the Wireless communications provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.
In related news, CFO J Braxton Carter II sold 15,000 shares of T-Mobile US stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $62.97, for a total value of $944,550.00. Following the completion of the sale, the chief financial officer now owns 163,688 shares of the company’s stock, valued at approximately $10,307,433.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.29% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in T-Mobile US by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 15,500,894 shares of the Wireless communications provider’s stock valued at $939,664,000 after buying an additional 389,328 shares in the last quarter. BlackRock Inc. grew its holdings in T-Mobile US by 10.9% during the 2nd 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 in the last quarter. Paulson & CO. Inc. grew its holdings in T-Mobile US by 46.1% during the 2nd 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 in the last quarter. Carmignac Gestion grew its holdings in T-Mobile US by 32.1% during the 3rd quarter. Carmignac Gestion now owns 5,844,199 shares of the Wireless communications provider’s stock valued at $360,353,000 after buying an additional 1,419,024 shares in the last quarter. Finally, State Street Corp grew its holdings in T-Mobile US by 5.4% during the 2nd 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 in the last quarter. 34.96% of the stock is owned by institutional investors.
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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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