T-Mobile US, Inc. (TMUS) Lowered to “Sell” at Zacks Investment Research
T-Mobile US, Inc. (NASDAQ:TMUS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
According to Zacks, “Over the past three months, share price of T-Mobile US declined 0.7% as against the industry's gain of 1.9%. Moreover, T-Mobile US operates in a highly competitive and saturated wireless market where success depends on technical superiority, quality of services and scalability. Offering of several low-priced service plans for individual consumers as well as small business entities though raises the company’s top line by adding customers, but the marketing costs associated increases the expenses. Also, it faces increased scrutiny in its working conditions by regulatory authorities. On the flip side, we believe T-Mobile US' network expansion and improvement plans, deployment of LTE-U technology and unlimited ‘T-Mobile One’ plan drive customers. The company has decided to roll out 600 MHz wireless spectrum in its footprints and has conducted successful Narrowband Internet of Things tests live on its commercial network.”
A number of other equities research analysts have also recently issued reports on the stock. Deutsche Bank AG reaffirmed a “hold” rating and issued a $70.00 target price (up from $69.00) on shares of T-Mobile US in a report on Friday, July 14th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating on shares of T-Mobile US in a report on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $80.00 target price on shares of T-Mobile US in a report on Thursday, September 7th. Barclays PLC reiterated an “overweight” rating and issued a $73.00 price target (up previously from $70.00) on shares of T-Mobile US in a research note on Saturday, July 22nd. Finally, UBS AG reiterated a “buy” rating and issued a $80.00 price target on shares of T-Mobile US in a research note on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $70.02.
Shares of T-Mobile US (NASDAQ TMUS) traded down 0.34% during midday trading on Tuesday, hitting $60.76. The stock had a trading volume of 656,019 shares. The company’s 50 day moving average price is $62.66 and its 200-day moving average price is $63.77. T-Mobile US has a 1-year low of $45.90 and a 1-year high of $68.88. The firm has a market capitalization of $50.49 billion, a PE ratio of 25.75 and a beta of 0.40.
T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.29. The company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $9.82 billion. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. T-Mobile US’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS. Equities analysts predict that T-Mobile US will post $2.27 earnings per share for the current year.
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Large investors have recently modified their holdings of the stock. DIAM Co. Ltd. lifted its stake in T-Mobile US by 16.9% in the 3rd quarter. DIAM Co. Ltd. now owns 186,903 shares of the Wireless communications provider’s stock valued at $8,692,000 after purchasing an additional 27,087 shares during the last quarter. Emerald Acquisition Ltd. raised its stake in shares of T-Mobile US by 37.0% during the third quarter. Emerald Acquisition Ltd. now owns 780,913 shares of the Wireless communications provider’s stock valued at $36,485,000 after acquiring an additional 210,809 shares during the last quarter. American Century Companies Inc. raised its stake in shares of T-Mobile US by 176.0% during the fourth quarter. American Century Companies Inc. now owns 234,972 shares of the Wireless communications provider’s stock valued at $9,192,000 after acquiring an additional 149,844 shares during the last quarter. Huntington National Bank raised its stake in shares of T-Mobile US by 16.2% during the fourth quarter. Huntington National Bank now owns 220,604 shares of the Wireless communications provider’s stock valued at $8,630,000 after acquiring an additional 30,745 shares during the last quarter. Finally, Junto Capital Management LP bought a new position in shares of T-Mobile US during the first quarter valued at $31,310,000. 34.76% of the stock is owned by institutional investors and hedge funds.
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 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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