T-Mobile US (NASDAQ:TMUS) was upgraded by stock analysts at Macquarie from a “neutral” rating to an “outperform” rating in a note issued to investors on Thursday, The Fly reports.

Other research analysts have also recently issued research reports about the stock. Moffett Nathanson restated a “neutral” rating on shares of T-Mobile US in a report on Thursday, October 12th. BidaskClub upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a report on Thursday. Jefferies Group restated a “top pick” rating and issued a $62.78 target price (down previously from $72.00) on shares of T-Mobile US in a report on Tuesday, November 28th. Morgan Stanley upped their price target on shares of T-Mobile US from $72.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Societe Generale began coverage on shares of T-Mobile US in a research report on Tuesday, October 24th. They issued a “buy” rating and a $71.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. T-Mobile US currently has a consensus rating of “Buy” and an average price target of $69.70.

T-Mobile US (NASDAQ:TMUS) traded up $0.35 during midday trading on Thursday, reaching $63.83. 6,759,300 shares of the company’s stock traded hands, compared to its average volume of 4,330,504. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. 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 $52,813.08, a PE ratio of 28.72, a PEG ratio of 1.18 and a beta of 0.29.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.46 by $0.17. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The company had revenue of $10.02 billion during the quarter, compared to analysts’ expectations of $10.01 billion. During the same quarter in the previous year, the business posted $0.27 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. sell-side analysts predict that T-Mobile US will post 2.41 earnings per share for the current year.

T-Mobile US declared that its Board of Directors has approved a share buyback program on Wednesday, December 6th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the Wireless communications provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

In other T-Mobile US news, CFO J Braxton Carter II sold 15,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $62.97, for a total transaction of $944,550.00. Following the completion of the transaction, the chief financial officer now owns 163,688 shares in the company, valued at approximately $10,307,433.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.29% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Rational Advisors LLC purchased a new position in shares of T-Mobile US in the 3rd quarter valued at about $105,000. Capital Bank & Trust Co grew its stake in T-Mobile US by 3,128.6% in the 3rd quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock valued at $139,000 after acquiring an additional 2,190 shares during the last quarter. Opera Trading Capital acquired a new stake in T-Mobile US in the 3rd quarter valued at about $154,000. Proficio Capital Partners LLC grew its stake in T-Mobile US by 54.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,463 shares of the Wireless communications provider’s stock valued at $157,000 after acquiring an additional 871 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in T-Mobile US in the 2nd quarter valued at about $159,000. Institutional investors and hedge funds own 34.96% of the company’s stock.

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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.

The Fly

Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

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