T-Mobile US Target of Unusually High Options Trading (TMUS)
T-Mobile US, Inc. (NASDAQ:TMUS) saw unusually large options trading on Monday. Stock traders purchased 54,349 call options on the stock. This represents an increase of approximately 785% compared to the typical daily volume of 6,140 call options.
Shares of T-Mobile US (NASDAQ:TMUS) opened at 63.52 on Thursday. The stock has a market cap of $52.79 billion, a price-to-earnings ratio of 26.92 and a beta of 0.47. T-Mobile US has a 1-year low of $44.60 and a 1-year high of $68.88. The company has a 50-day moving average price of $63.49 and a 200-day moving average price of $63.85.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.29. The firm had revenue of $10.21 billion for the quarter, compared to analyst estimates of $9.82 billion. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 earnings per share. On average, equities analysts expect that T-Mobile US will post $2.29 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of TMUS. BlackRock Inc. grew its position 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 worth $893,431,000 after buying an additional 13,494,802 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in T-Mobile US in the first quarter worth approximately $298,008,000. Janus Henderson Group PLC grew its position in T-Mobile US by 12,230.1% in the second quarter. Janus Henderson Group PLC now owns 4,479,412 shares of the Wireless communications provider’s stock worth $271,542,000 after buying an additional 4,443,083 shares during the last quarter. Paulson & CO. Inc. acquired a new position in T-Mobile US in the first quarter worth approximately $267,409,000. Finally, Capital World Investors grew its position in T-Mobile US by 158.7% in the second quarter. Capital World Investors now owns 3,867,024 shares of the Wireless communications provider’s stock worth $234,419,000 after buying an additional 2,372,024 shares during the last quarter. Hedge funds and other institutional investors own 34.71% of the company’s stock.
TMUS has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $76.00 target price on shares of T-Mobile US in a research report on Friday, June 2nd. Drexel Hamilton initiated coverage on T-Mobile US in a research report on Thursday, June 8th. They set a “buy” rating and a $80.00 target price on the stock. BidaskClub cut T-Mobile US from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Credit Suisse Group reiterated a “hold” rating and set a $69.00 target price on shares of T-Mobile US in a research report on Friday, June 23rd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating on shares of T-Mobile US in a research report on Wednesday, June 28th. Twelve analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $70.15.
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.
Receive News & Ratings for T-Mobile US Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US Inc. and related companies with MarketBeat.com's FREE daily email newsletter.