T-Mobile US (TMUS) Given New $45.00 Price Target at Bank of America

T-Mobile US (NASDAQ:TMUS) had its price objective upped by research analysts at Bank of America from $40.00 to $45.00 in a report issued on Friday. The brokerage currently has an “underperform” rating on the Wireless communications provider’s stock. Bank of America’s price target would indicate a potential downside of 24.22% from the stock’s current price.

TMUS has been the subject of several other research reports. Morgan Stanley increased their target price on shares of T-Mobile US from $72.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. HSBC upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. Cowen reiterated a “buy” rating and set a $70.00 target price on shares of T-Mobile US in a research note on Tuesday, October 17th. BidaskClub upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Finally, Jefferies Group decreased their target price on shares of T-Mobile US from $83.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have issued a buy rating and four have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $70.06.

T-Mobile US (NASDAQ TMUS) traded up $0.50 during midday trading on Friday, reaching $59.38. 641,404 shares of the company’s stock traded hands, compared to its average volume of 3,468,816. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. T-Mobile US has a one year low of $54.60 and a one year high of $68.88. The firm has a market capitalization of $50,310.00, a P/E ratio of 11.43, a PEG ratio of 0.83 and a beta of 0.30.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.11. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The company had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.84 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. T-Mobile US’s revenue for the quarter was up 5.1% on a year-over-year basis. sell-side analysts anticipate that T-Mobile US will post 2.45 earnings per share for the current year.

T-Mobile US declared that its board has initiated a stock repurchase program on Wednesday, December 6th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the Wireless communications provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

In other T-Mobile US news, EVP David A. Miller sold 15,000 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $62.78, for a total value of $941,700.00. Following the completion of the transaction, the executive vice president now directly owns 104,448 shares of the company’s stock, valued at $6,557,245.44. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Peter A. Ewens sold 10,000 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $65.05, for a total transaction of $650,500.00. Following the completion of the transaction, the executive vice president now directly owns 146,434 shares of the company’s stock, valued at $9,525,531.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,620 shares of company stock valued at $4,708,192. 0.29% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of TMUS. Rational Advisors LLC purchased a new position in T-Mobile US in the third quarter valued at about $105,000. Cerebellum GP LLC purchased a new position in shares of T-Mobile US during the 4th quarter worth approximately $127,000. Capital Bank & Trust Co increased its stake in shares of T-Mobile US by 3,128.6% during the 3rd quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock worth $139,000 after purchasing an additional 2,190 shares in the last quarter. Opera Trading Capital purchased a new position in shares of T-Mobile US during the 3rd quarter worth approximately $154,000. Finally, Renaissance Group LLC purchased a new position in shares of T-Mobile US during the 3rd quarter worth approximately $201,000. 35.05% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

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