Stock Traders Buy Large Volume of Call Options on T-Mobile US (TMUS)
T-Mobile US, Inc. (NASDAQ:TMUS) saw unusually large options trading activity on Monday. Traders purchased 54,349 call options on the company. This is an increase of 785% compared to the average daily volume of 6,140 call options.
Shares of T-Mobile US (NASDAQ:TMUS) opened at 64.06 on Friday. The stock has a market capitalization of $53.24 billion, a PE ratio of 27.14 and a beta of 0.47. T-Mobile US has a one year low of $44.60 and a one year high of $68.88. The firm’s 50-day moving average is $63.49 and its 200-day moving average is $63.85.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.38 by $0.29. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The business had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.82 billion. During the same period in the previous year, the business posted $0.25 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, analysts expect that T-Mobile US will post $2.29 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on the stock. BidaskClub downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Wells Fargo & Company reissued an “outperform” rating on shares of T-Mobile US in a research note on Wednesday, June 28th. Zacks Investment Research raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating on shares of T-Mobile US in a research note on Wednesday, June 28th. Finally, Cowen and Company reissued an “outperform” rating and issued a $70.00 price target on shares of T-Mobile US in a research note on Saturday, July 22nd. Twelve research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $70.15.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its stake in shares of T-Mobile US by 2.6% in the 1st quarter. FMR LLC now owns 28,593,003 shares of the Wireless communications provider’s stock valued at $1,846,822,000 after purchasing an additional 736,329 shares during the period. Vanguard Group Inc. lifted its stake in shares of T-Mobile US by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 15,500,894 shares of the Wireless communications provider’s stock valued at $939,664,000 after purchasing an additional 389,328 shares during the period. BlackRock Inc. lifted its stake in shares of T-Mobile US by 10.9% in the 2nd quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock valued at $929,608,000 after purchasing an additional 1,502,636 shares during the period. Paulson & CO. Inc. lifted its stake in shares of T-Mobile US by 46.1% in the 2nd quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock valued at $366,793,000 after purchasing an additional 1,910,600 shares during the period. Finally, State Street Corp lifted its stake in shares of T-Mobile US by 5.4% in the 2nd quarter. State Street Corp now owns 5,599,085 shares of the Wireless communications provider’s stock valued at $339,409,000 after purchasing an additional 289,120 shares during the period. Hedge funds and other institutional investors own 34.71% of the company’s stock.
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About T-Mobile US
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 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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