Traders Buy Shares of T-Mobile US, Inc. (TMUS) on Weakness Following Analyst Downgrade
Investors bought shares of T-Mobile US, Inc. (NASDAQ:TMUS) on weakness during trading hours on Tuesday after Jefferies Group lowered their price target on the stock from $83.00 to $77.00. $139.66 million flowed into the stock on the tick-up and $59.17 million flowed out of the stock on the tick-down, for a money net flow of $80.49 million into the stock. Of all companies tracked, T-Mobile US had the 6th highest net in-flow for the day. T-Mobile US traded down ($0.18) for the day and closed at $55.36
TMUS has been the topic of a number of other reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $76.00 price objective on shares of T-Mobile US in a report on Tuesday, October 3rd. Cowen and Company reiterated a “buy” rating and issued a $70.00 price objective on shares of T-Mobile US in a report on Friday, August 25th. KeyCorp reiterated an “overweight” rating and issued a $72.00 price objective on shares of T-Mobile US in a report on Saturday, September 16th. BidaskClub downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $70.00 price objective on shares of T-Mobile US in a report on Friday, September 8th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. T-Mobile US currently has a consensus rating of “Buy” and an average target price of $69.91.
Hedge funds and other institutional investors have recently modified their holdings of the business. OZ Management LP raised its stake in T-Mobile US by 35.7% during the second quarter. OZ Management LP now owns 1,733,472 shares of the Wireless communications provider’s stock worth $105,083,000 after acquiring an additional 455,847 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in T-Mobile US by 6.6% during the second quarter. Oppenheimer & Co. Inc. now owns 28,740 shares of the Wireless communications provider’s stock worth $1,742,000 after acquiring an additional 1,789 shares in the last quarter. Harbor Advisors LLC raised its stake in T-Mobile US by 81.2% during the third quarter. Harbor Advisors LLC now owns 18,000 shares of the Wireless communications provider’s stock worth $1,110,000 after acquiring an additional 8,068 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in T-Mobile US by 1,887.3% during the second quarter. PNC Financial Services Group Inc. now owns 1,053,568 shares of the Wireless communications provider’s stock worth $63,865,000 after acquiring an additional 1,000,552 shares in the last quarter. Finally, Arizona State Retirement System acquired a new position in T-Mobile US during the second quarter worth about $1,390,000. 35.06% of the stock is owned by hedge funds and other institutional investors.
The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.80. The company has a market cap of $46,210.00, a P/E ratio of 26.66, a P/E/G ratio of 1.29 and a beta of 0.29.
T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.17. The firm had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.01 billion. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 earnings per share. research analysts anticipate that T-Mobile US, Inc. will post 2.33 EPS for the current year.
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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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