Deutsche Bank began coverage on shares of T-Mobile Us (NASDAQ:TMUS) in a research note released on Wednesday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $140.00 target price on the Wireless communications provider’s stock.
Several other research firms have also recently issued reports on TMUS. Nomura upped their price objective on T-Mobile Us from $102.00 to $110.00 in a research report on Thursday, May 7th. Oppenheimer reaffirmed a hold rating on shares of T-Mobile Us in a research report on Friday, May 1st. Argus upped their price objective on T-Mobile Us from $105.00 to $123.00 and gave the company a buy rating in a research report on Wednesday, July 8th. UBS Group reaffirmed a buy rating and issued a $120.00 price objective on shares of T-Mobile Us in a research report on Tuesday, June 23rd. Finally, Morgan Stanley boosted their target price on shares of T-Mobile Us from $107.00 to $115.00 and gave the company an overweight rating in a research note on Wednesday, July 1st. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $110.68.
Shares of TMUS opened at $107.38 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 1.27. The business’s 50 day moving average price is $105.47 and its 200-day moving average price is $93.10. T-Mobile Us has a 52 week low of $63.50 and a 52 week high of $111.58. The stock has a market cap of $149.41 billion, a P/E ratio of 26.38, a P/E/G ratio of 3.75 and a beta of 0.30.
T-Mobile Us (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, May 6th. The Wireless communications provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.07. The business had revenue of $11.11 billion for the quarter, compared to analysts’ expectations of $11.42 billion. T-Mobile Us had a return on equity of 13.96% and a net margin of 7.80%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.06 EPS. On average, equities analysts anticipate that T-Mobile Us will post 1.43 EPS for the current year.
In other T-Mobile Us news, insider Ronald D. Fisher purchased 350,000 shares of the business’s stock in a transaction on Friday, June 26th. The stock was acquired at an average price of $103.00 per share, for a total transaction of $36,050,000.00. Following the purchase, the insider now owns 221,672 shares of the company’s stock, valued at approximately $22,832,216. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter A. Ewens sold 200,000 shares of the stock in a transaction on Monday, July 13th. The stock was sold at an average price of $106.49, for a total value of $21,298,000.00. Following the completion of the sale, the executive vice president now owns 70,077 shares of the company’s stock, valued at approximately $7,462,499.73. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.
Hedge funds have recently modified their holdings of the business. IBM Retirement Fund increased its stake in T-Mobile Us by 38.3% in the 1st quarter. IBM Retirement Fund now owns 9,977 shares of the Wireless communications provider’s stock worth $837,000 after buying an additional 2,763 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of T-Mobile Us by 115.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 129,880 shares of the Wireless communications provider’s stock valued at $13,527,000 after purchasing an additional 69,700 shares during the last quarter. Retirement Network bought a new position in shares of T-Mobile Us during the 1st quarter valued at about $177,000. Clarius Group LLC bought a new position in shares of T-Mobile Us during the 2nd quarter valued at about $255,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of T-Mobile Us by 40.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 254,650 shares of the Wireless communications provider’s stock valued at $26,522,000 after purchasing an additional 73,490 shares during the last quarter. Institutional investors and hedge funds own 23.58% 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 United States Virgin Islands. The company offers voice, messaging, and data services to 79.7 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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