T-Mobile US, Inc. (TMUS) Sees Significant Decrease in Short Interest
T-Mobile US, Inc. (NASDAQ:TMUS) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totalling 20,231,984 shares, a drop of 9.9% from the May 31st total of 22,465,695 shares. Based on an average daily trading volume, of 3,758,351 shares, the days-to-cover ratio is presently 5.4 days. Approximately 6.9% of the shares of the stock are sold short.
Several analysts recently weighed in on the company. Wells Fargo & Company reaffirmed an “outperform” rating on shares of T-Mobile US in a research note on Wednesday. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating on shares of T-Mobile US in a research note on Wednesday. BidaskClub lowered T-Mobile US from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $69.00 price objective on shares of T-Mobile US in a research note on Friday, June 23rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $76.00 price objective on shares of T-Mobile US in a research note on Friday, June 2nd. Twelve research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $66.94.
Shares of T-Mobile US (NASDAQ:TMUS) opened at 61.48 on Thursday. T-Mobile US has a one year low of $40.50 and a one year high of $68.88. The company has a market capitalization of $51.08 billion, a P/E ratio of 31.58 and a beta of 0.43. The firm has a 50-day moving average price of $65.87 and a 200-day moving average price of $62.56.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Monday, April 24th. The Wireless communications provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.46. T-Mobile US had a return on equity of 6.96% and a net margin of 4.39%. The business had revenue of $9.61 billion during the quarter, compared to analysts’ expectations of $9.63 billion. During the same quarter last year, the business posted $0.56 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Equities analysts forecast that T-Mobile US will post $2.06 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in T-Mobile US by 3,998.0% in the first quarter. BlackRock Inc. now owns 13,832,340 shares of the Wireless communications provider’s stock valued at $893,431,000 after buying an additional 13,494,802 shares during the period. Norges Bank acquired a new stake in T-Mobile US during the fourth quarter valued at $474,279,000. Marshall Wace North America L.P. acquired a new stake in T-Mobile US during the first quarter valued at $298,008,000. Paulson & CO. Inc. acquired a new stake in T-Mobile US during the first quarter valued at $267,409,000. Finally, OZ Management LP acquired a new stake in T-Mobile US during the first quarter valued at $82,521,000. Institutional investors and hedge funds own 36.62% of the company’s stock.
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