T-Mobile Us (NASDAQ:TMUS) Upgraded by BidaskClub to Buy

BidaskClub upgraded shares of T-Mobile Us (NASDAQ:TMUS) from a hold rating to a buy rating in a research report released on Wednesday, May 8th, BidAskClub reports.

Several other analysts have also weighed in on TMUS. UBS Group restated a buy rating on shares of T-Mobile Us in a report on Tuesday, January 8th. Zacks Investment Research downgraded T-Mobile Us from a strong-buy rating to a hold rating in a research report on Thursday, January 10th. HSBC reissued a buy rating and set a $76.00 price target on shares of T-Mobile Us in a research report on Monday, January 14th. BTIG Research raised their price objective on T-Mobile Us to $91.00 and gave the company a buy rating in a research report on Friday, January 18th. Finally, Royal Bank of Canada reaffirmed a buy rating and set a $76.00 price objective on shares of T-Mobile Us in a research report on Thursday, February 7th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. T-Mobile Us presently has a consensus rating of Buy and a consensus target price of $80.15.

TMUS stock traded up $2.09 during midday trading on Wednesday, hitting $76.72. The company’s stock had a trading volume of 104,048 shares, compared to its average volume of 3,400,260. T-Mobile Us has a 12 month low of $55.23 and a 12 month high of $75.32. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.56. The company has a market capitalization of $62.72 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 1.18 and a beta of 0.44.

T-Mobile Us (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.14. T-Mobile Us had a return on equity of 13.05% and a net margin of 7.11%. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11 billion. During the same period in the prior year, the company posted $0.78 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts anticipate that T-Mobile Us will post 4.12 EPS for the current fiscal year.

In related news, insider Thomas Christopher Keys sold 43,000 shares of T-Mobile Us stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $70.71, for a total transaction of $3,040,530.00. Following the completion of the transaction, the insider now directly owns 248,883 shares in the company, valued at $17,598,516.93. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO G Michael Sievert sold 4,766 shares of T-Mobile Us stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $73.58, for a total value of $350,682.28. Following the transaction, the chief operating officer now owns 543,391 shares of the company’s stock, valued at $39,982,709.78. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

A number of hedge funds have recently made changes to their positions in TMUS. Wetherby Asset Management Inc. grew its holdings in T-Mobile Us by 2.6% in the first quarter. Wetherby Asset Management Inc. now owns 5,779 shares of the Wireless communications provider’s stock valued at $399,000 after purchasing an additional 145 shares during the period. Whittier Trust Co. boosted its stake in shares of T-Mobile Us by 19.7% in the fourth quarter. Whittier Trust Co. now owns 962 shares of the Wireless communications provider’s stock worth $61,000 after acquiring an additional 158 shares during the last quarter. Financial Advocates Investment Management boosted its stake in shares of T-Mobile Us by 42.0% in the fourth quarter. Financial Advocates Investment Management now owns 541 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 160 shares during the last quarter. Daiwa SB Investments Ltd. boosted its stake in shares of T-Mobile Us by 12.2% in the fourth quarter. Daiwa SB Investments Ltd. now owns 1,560 shares of the Wireless communications provider’s stock worth $99,000 after acquiring an additional 170 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its stake in shares of T-Mobile Us by 54.8% in the fourth quarter. Rehmann Capital Advisory Group now owns 641 shares of the Wireless communications provider’s stock worth $41,000 after acquiring an additional 227 shares during the last quarter. Institutional investors own 33.72% 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.

Further Reading: What is a stock split?

Analyst Recommendations for T-Mobile Us (NASDAQ:TMUS)

Receive News & Ratings for T-Mobile Us Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile Us and related companies with MarketBeat.com's FREE daily email newsletter.