T-Mobile Us (NASDAQ:TMUS) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of T-Mobile Us (NASDAQ:TMUS) from a sell rating to a hold rating in a research report released on Tuesday, BidAskClub reports.

A number of other analysts have also commented on TMUS. KeyCorp boosted their price target on shares of T-Mobile Us from $76.00 to $88.00 and gave the company an overweight rating in a research note on Friday, April 26th. William Blair restated an outperform rating on shares of T-Mobile Us in a research note on Monday, July 29th. Barclays restated a buy rating and set a $93.00 price target on shares of T-Mobile Us in a research note on Monday, July 29th. HSBC set a $85.00 price target on shares of T-Mobile Us and gave the company a buy rating in a research note on Monday, June 3rd. Finally, Nomura boosted their price target on shares of T-Mobile Us from $76.00 to $88.00 and gave the company a neutral rating in a research note on Monday, July 29th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $89.55.

NASDAQ:TMUS opened at $77.79 on Tuesday. The company has a fifty day moving average of $78.41 and a 200-day moving average of $74.51. The firm has a market capitalization of $66.84 billion, a P/E ratio of 23.15, a P/E/G ratio of 1.51 and a beta of 0.36. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.43. T-Mobile Us has a twelve month low of $59.96 and a twelve month high of $85.22.

T-Mobile Us (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, July 25th. The Wireless communications provider reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.30. The business had revenue of $10.98 billion during the quarter, compared to analyst estimates of $11.14 billion. T-Mobile Us had a net margin of 7.40% and a return on equity of 13.89%. T-Mobile Us’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 EPS. On average, analysts anticipate that T-Mobile Us will post 4.18 EPS for the current fiscal year.

In other T-Mobile Us news, COO G Michael Sievert sold 9,324 shares of T-Mobile Us stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $75.50, for a total transaction of $703,962.00. Following the transaction, the chief operating officer now directly owns 533,965 shares of the company’s stock, valued at approximately $40,314,357.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC boosted its holdings in T-Mobile Us by 11.9% during the 1st quarter. FMR LLC now owns 24,472,941 shares of the Wireless communications provider’s stock worth $1,691,080,000 after acquiring an additional 2,601,725 shares during the last quarter. Vanguard Group Inc. boosted its holdings in T-Mobile Us by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 17,806,020 shares of the Wireless communications provider’s stock worth $1,320,138,000 after acquiring an additional 372,057 shares during the last quarter. BlackRock Inc. boosted its holdings in T-Mobile Us by 17.5% during the 2nd quarter. BlackRock Inc. now owns 17,733,859 shares of the Wireless communications provider’s stock worth $1,314,789,000 after acquiring an additional 2,647,322 shares during the last quarter. Invesco Ltd. boosted its holdings in T-Mobile Us by 16.5% during the 2nd quarter. Invesco Ltd. now owns 9,195,199 shares of the Wireless communications provider’s stock worth $681,731,000 after acquiring an additional 1,300,620 shares during the last quarter. Finally, FIL Ltd boosted its holdings in T-Mobile Us by 32.1% during the 1st quarter. FIL Ltd now owns 6,623,746 shares of the Wireless communications provider’s stock worth $457,701,000 after acquiring an additional 1,610,535 shares during the last quarter. 33.33% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile Us Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 79.7 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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Analyst Recommendations for T-Mobile Us (NASDAQ:TMUS)

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