T-Mobile Us (NASDAQ:TMUS) Stock Rating Upgraded by BidaskClub

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

Several other brokerages have also commented on TMUS. Zacks Investment Research lowered shares of T-Mobile Us from a buy rating to a hold rating in a research report on Friday, April 12th. Nomura upped their price target on shares of T-Mobile Us from $72.00 to $76.00 and gave the stock a neutral rating in a research report on Friday, April 26th. KeyCorp upped their price target on shares of T-Mobile Us from $76.00 to $88.00 and gave the stock an overweight rating in a research report on Friday, April 26th. Argus reiterated a buy rating on shares of T-Mobile Us in a research note on Tuesday, February 19th. Finally, HSBC set a $80.00 price objective on shares of T-Mobile Us and gave the stock a buy rating in a research note on Friday, March 8th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $80.54.

Shares of NASDAQ TMUS traded down $2.59 on Wednesday, hitting $73.44. The company’s stock had a trading volume of 4,436,898 shares, compared to its average volume of 3,656,467. T-Mobile Us has a 12-month low of $55.23 and a 12-month high of $80.93. The company has a market capitalization of $62.74 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 1.43 and a beta of 0.44. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.66 and a quick ratio of 0.56.

T-Mobile Us (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.14. The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11 billion. T-Mobile Us had a net margin of 7.11% and a return on equity of 13.05%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 earnings per share. On average, analysts forecast that T-Mobile Us will post 4.09 EPS for the current fiscal year.

In other T-Mobile Us news, COO G Michael Sievert sold 4,766 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $73.58, for a total transaction of $350,682.28. Following the sale, the chief operating officer now directly owns 543,391 shares of the company’s stock, valued at $39,982,709.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the business. FMR LLC increased its holdings in shares of T-Mobile Us by 11.9% in the 1st quarter. FMR LLC now owns 24,472,941 shares of the Wireless communications provider’s stock worth $1,691,080,000 after acquiring an additional 2,601,725 shares during the period. Vanguard Group Inc increased its holdings in shares of T-Mobile Us by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 16,471,906 shares of the Wireless communications provider’s stock worth $1,156,000,000 after acquiring an additional 132,709 shares during the period. BlackRock Inc. increased its holdings in shares of T-Mobile Us by 3.6% in the 1st quarter. BlackRock Inc. now owns 15,086,537 shares of the Wireless communications provider’s stock worth $1,042,479,000 after acquiring an additional 524,246 shares during the period. Norges Bank acquired a new position in T-Mobile Us during the 4th quarter valued at about $627,109,000. Finally, FIL Ltd increased its stake in T-Mobile Us by 32.1% during the 1st quarter. FIL Ltd now owns 6,623,746 shares of the Wireless communications provider’s stock valued at $457,701,000 after buying an additional 1,610,535 shares during the period. 32.69% of the stock is currently owned by institutional investors.

About T-Mobile Us

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

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