BidaskClub Lowers T-Mobile US, Inc. (TMUS) to Strong Sell
BidaskClub lowered shares of T-Mobile US, Inc. (NASDAQ:TMUS) from a sell rating to a strong sell rating in a research report released on Thursday.
A number of other brokerages have also weighed in on TMUS. Cowen and Company restated a buy rating and issued a $70.00 price objective on shares of T-Mobile US in a report on Friday, August 25th. Jefferies Group LLC reaffirmed a buy rating and issued a $80.00 target price on shares of T-Mobile US in a research report on Thursday, September 7th. Deutsche Bank AG reaffirmed a hold rating and issued a $70.00 target price on shares of T-Mobile US in a research report on Friday, September 8th. William Blair reaffirmed a buy rating on shares of T-Mobile US in a research report on Saturday, July 22nd. Finally, Barclays PLC reaffirmed an overweight rating and issued a $73.00 target price (up previously from $70.00) on shares of T-Mobile US in a research report on Saturday, July 22nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $69.91.
Shares of T-Mobile US (TMUS) traded down $0.54 during midday trading on Thursday, reaching $56.26. 955,406 shares of the company were exchanged, compared to its average volume of 4,259,799. T-Mobile US has a 52 week low of $51.54 and a 52 week high of $68.88. The stock has a market cap of $47,260.00, a price-to-earnings ratio of 25.70, a P/E/G ratio of 1.25 and a beta of 0.29. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The company had revenue of $10.02 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same period in the previous year, the business earned $0.27 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. equities research analysts predict that T-Mobile US will post 2.33 earnings per share for the current year.
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A number of institutional investors have recently modified their holdings of the stock. Rational Advisors LLC purchased a new stake in T-Mobile US in the 3rd quarter worth $105,000. Barrett Asset Management LLC purchased a new stake in T-Mobile US in the 2nd quarter worth $110,000. Smithfield Trust Co. lifted its stake in T-Mobile US by 1,513.6% in the 2nd quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock worth $115,000 after purchasing an additional 1,786 shares in the last quarter. D. Scott Neal Inc. purchased a new stake in T-Mobile US in the 2nd quarter worth $116,000. Finally, Opera Trading Capital purchased a new stake in T-Mobile US in the 3rd quarter worth $154,000. 35.09% of the stock is 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 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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