T-Mobile US (NASDAQ:TMUS) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

TMUS has been the subject of several other reports. KeyCorp set a $72.00 price objective on shares of T-Mobile US and gave the stock a “buy” rating in a research report on Wednesday, October 11th. UBS restated a “buy” rating and set a $70.00 price objective (down from $80.00) on shares of T-Mobile US in a research report on Monday, November 6th. Deutsche Bank raised their price objective on shares of T-Mobile US to $72.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Cowen restated a “buy” rating and set a $70.00 price objective on shares of T-Mobile US in a research report on Friday, August 25th. Finally, BTIG Research raised their price objective on shares of T-Mobile US from $74.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. T-Mobile US has a consensus rating of “Buy” and a consensus price target of $69.70.

Shares of T-Mobile US (NASDAQ:TMUS) traded up $0.10 during mid-day trading on Thursday, reaching $62.66. 6,479,956 shares of the company’s stock traded hands, compared to its average volume of 5,680,000. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.80. The firm has a market capitalization of $52,050.00, a P/E ratio of 28.31, a PEG ratio of 1.16 and a beta of 0.29. T-Mobile US has a 1 year low of $54.60 and a 1 year high of $68.88.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.17. The firm had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.01 billion. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. research analysts forecast that T-Mobile US will post 2.42 earnings per share for the current fiscal year.

T-Mobile US declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 6th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the Wireless communications provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

In related news, CFO J Braxton Carter II sold 15,000 shares of T-Mobile US stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $62.97, for a total value of $944,550.00. Following the transaction, the chief financial officer now directly owns 163,688 shares of the company’s stock, valued at $10,307,433.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.29% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Harbor Advisors LLC grew its stake in shares of T-Mobile US by 81.2% during the third quarter. Harbor Advisors LLC now owns 18,000 shares of the Wireless communications provider’s stock worth $1,110,000 after buying an additional 8,068 shares during the last quarter. OZ Management LP grew its stake in shares of T-Mobile US by 35.7% during the second quarter. OZ Management LP now owns 1,733,472 shares of the Wireless communications provider’s stock worth $105,083,000 after buying an additional 455,847 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of T-Mobile US by 4.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,484 shares of the Wireless communications provider’s stock worth $3,175,000 after buying an additional 2,296 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of T-Mobile US by 6.6% during the second quarter. Oppenheimer & Co. Inc. now owns 28,740 shares of the Wireless communications provider’s stock worth $1,742,000 after buying an additional 1,789 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of T-Mobile US by 1,887.3% during the second quarter. PNC Financial Services Group Inc. now owns 1,053,568 shares of the Wireless communications provider’s stock worth $63,865,000 after buying an additional 1,000,552 shares during the last quarter. 34.96% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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