T-Mobile US Inc. (TMUS) Receives Consensus Recommendation of “Buy” from Brokerages
T-Mobile US Inc. (NASDAQ:TMUS) has received a consensus recommendation of “Buy” from the twenty-six ratings firms that are presently covering the stock. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $49.91.
A number of analysts have recently issued reports on TMUS shares. Zacks Investment Research raised shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Tuesday, July 12th. Jefferies Group restated a “buy” rating and issued a $55.00 price objective on shares of T-Mobile US in a report on Thursday, July 28th. Deutsche Bank AG lifted their price objective on T-Mobile US from $46.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, July 19th. Citigroup Inc. lifted their price objective on T-Mobile US from $52.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Finally, BTIG Research lifted their price objective on T-Mobile US from $50.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd.
In related news, CFO J Braxton Carter II sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $47.95, for a total value of $2,397,500.00. Following the sale, the chief financial officer now owns 239,971 shares in the company, valued at $11,506,609.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Neville R. Ray sold 3,969 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $45.01, for a total value of $178,644.69. Following the completion of the sale, the executive vice president now owns 206,073 shares in the company, valued at approximately $9,275,345.73. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of TMUS. CrestPoint Capital Management LLC purchased a new stake in shares of T-Mobile US during the third quarter worth approximately $201,000. National Pension Service raised its stake in T-Mobile US by 9.3% in the third quarter. National Pension Service now owns 245,862 shares of the company’s stock valued at $11,487,000 after buying an additional 20,952 shares in the last quarter. Capstone Asset Management Co. raised its stake in T-Mobile US by 13.5% in the third quarter. Capstone Asset Management Co. now owns 6,878 shares of the company’s stock valued at $321,000 after buying an additional 820 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in T-Mobile US by 916.9% in the third quarter. BNP Paribas Arbitrage SA now owns 423,520 shares of the company’s stock valued at $19,787,000 after buying an additional 381,872 shares in the last quarter. Finally, Harbour Capital Advisors LLC bought a new stake in T-Mobile US during the second quarter valued at approximately $728,000. Hedge funds and other institutional investors own 34.22% of the company’s stock.
Shares of T-Mobile US (NASDAQ:TMUS) traded up 1.967% during mid-day trading on Tuesday, hitting $47.435. 1,577,129 shares of the stock were exchanged. T-Mobile US has a 12 month low of $33.23 and a 12 month high of $48.11. The stock’s 50 day moving average is $46.30 and its 200-day moving average is $43.67. The stock has a market cap of $39.03 billion, a PE ratio of 36.488 and a beta of 0.51.
T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share (EPS) 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 analyst estimates of $9.03 billion. T-Mobile US had a net margin of 3.36% and a return on equity of 6.77%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 earnings per share. On average, analysts anticipate that T-Mobile US will post $1.32 EPS for the current year.
T-Mobile US Company Profile
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