T-Mobile US Inc. (TMUS) Upgraded to “Strong-Buy” at Vetr Inc.
Vetr upgraded shares of T-Mobile US Inc. (NASDAQ:TMUS) from a buy rating to a strong-buy rating in a report issued on Thursday morning. The firm currently has $51.78 target price on the stock.
A number of other research analysts also recently weighed in on TMUS. Jefferies Group restated a buy rating and issued a $45.00 price target on shares of T-Mobile US in a research note on Wednesday, June 8th. Citigroup Inc. reiterated a buy rating and set a $51.00 target price (up from $47.00) on shares of T-Mobile US in a research note on Monday, June 13th. Nomura downgraded T-Mobile US from a buy rating to a neutral rating and reduced their target price for the stock from $46.00 to $44.00 in a research note on Friday, June 24th. Robert W. Baird reiterated a neutral rating and set a $42.00 target price on shares of T-Mobile US in a research note on Tuesday, June 28th. Finally, Morgan Stanley reiterated an overweight rating on shares of T-Mobile US in a research note on Wednesday, June 29th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $49.26.
Shares of T-Mobile US (NASDAQ:TMUS) traded down 0.55% during mid-day trading on Thursday, reaching $45.25. The company’s stock had a trading volume of 756,146 shares. The firm has a market cap of $37.23 billion, a price-to-earnings ratio of 34.81 and a beta of 0.51. T-Mobile US has a 52-week low of $33.23 and a 52-week high of $48.11. The firm has a 50 day moving average price of $46.39 and a 200 day moving average price of $43.21.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. The firm earned $9.20 billion during the quarter, compared to the consensus estimate of $9.03 billion. T-Mobile US had a return on equity of 6.77% and a net margin of 3.36%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share. On average, equities analysts predict that T-Mobile US will post $1.32 EPS for the current fiscal year.
In other news, CFO J Braxton Carter II sold 50,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $47.95, for a total transaction of $2,397,500.00. Following the completion of the transaction, the chief financial officer now owns 239,971 shares of the company’s stock, valued at approximately $11,506,609.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Christopher Keys sold 14,700 shares of the business’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $47.11, for a total value of $692,517.00. Following the transaction, the insider now directly owns 355,876 shares of the company’s stock, valued at approximately $16,765,318.36. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. AXA acquired a new position in T-Mobile US during the first quarter worth approximately $766,000. Pictet Asset Management Ltd. raised its stake in shares of T-Mobile US by 2.1% in the first quarter. Pictet Asset Management Ltd. now owns 101,850 shares of the company’s stock worth $3,779,000 after buying an additional 2,100 shares in the last quarter. State Street Corp raised its stake in shares of T-Mobile US by 2.0% in the first quarter. State Street Corp now owns 4,921,358 shares of the company’s stock worth $188,487,000 after buying an additional 97,507 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of T-Mobile US by 179.1% in the first quarter. Canada Pension Plan Investment Board now owns 285,000 shares of the company’s stock worth $10,916,000 after buying an additional 182,900 shares in the last quarter. Finally, Credit Agricole S A raised its stake in shares of T-Mobile US by 0.3% in the first quarter. Credit Agricole S A now owns 1,384,851 shares of the company’s stock worth $53,040,000 after buying an additional 4,682 shares in the last quarter. 34.17% of the stock is owned by institutional investors.
To view Vetr’s full report, visit Vetr’s official website.
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