Raymond James Financial upgraded shares of T-Mobile US (NASDAQ:TMUS) from an outperform rating to a strong-buy rating in a research note released on Friday morning, Marketbeat.com reports.
A number of other brokerages have also recently weighed in on TMUS. Deutsche Bank lifted their price target on shares of T-Mobile US to $72.00 and gave the company a buy rating in a research report on Monday, December 11th. Bank of America lifted their price objective on shares of T-Mobile US from $34.00 to $40.00 and gave the company an underperform rating in a report on Tuesday, October 24th. UBS Group upgraded shares of T-Mobile US from an outperform rating to a strong-buy rating in a report on Friday. Moffett Nathanson upgraded shares of T-Mobile US from a neutral rating to a buy rating in a report on Monday, November 27th. Finally, Societe Generale began coverage on shares of T-Mobile US in a report on Tuesday, October 24th. They issued a buy rating and a $71.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have assigned a buy rating and four have given a strong buy rating to the company. T-Mobile US has a consensus rating of Buy and a consensus price target of $70.06.
Shares of T-Mobile US (NASDAQ TMUS) opened at $58.12 on Friday. T-Mobile US has a 12-month low of $54.60 and a 12-month high of $68.88. The firm has a market cap of $50,580.00, a PE ratio of 11.18, a price-to-earnings-growth ratio of 0.78 and a beta of 0.30. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.64 and a current ratio of 0.77.
T-Mobile US declared that its Board of Directors has initiated a share repurchase program on Wednesday, December 6th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the Wireless communications provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
In related news, CFO J Braxton Carter II sold 15,000 shares of T-Mobile US stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $62.97, for a total value of $944,550.00. Following the completion of the transaction, the chief financial officer now owns 163,688 shares in the company, valued at $10,307,433.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Peter A. Ewens sold 10,000 shares of T-Mobile US stock in a transaction that occurred on Monday, January 8th. The stock was 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 owns 146,434 shares of the company’s stock, valued at approximately $9,525,531.70. The disclosure for this sale can be found here. Insiders sold 73,620 shares of company stock valued at $4,708,192 in the last quarter. 0.29% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Rational Advisors LLC purchased a new position in T-Mobile US in the third quarter worth approximately $105,000. Cerebellum GP LLC purchased a new position in T-Mobile US in the fourth quarter worth approximately $127,000. Capital Bank & Trust Co lifted its stake in T-Mobile US by 3,128.6% in the third quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock worth $139,000 after acquiring an additional 2,190 shares during the last quarter. Opera Trading Capital purchased a new position in T-Mobile US in the third quarter worth approximately $154,000. Finally, Renaissance Group LLC purchased a new position in T-Mobile US in the third quarter worth approximately $201,000. Institutional investors own 35.23% of the company’s stock.
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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