T-Mobile US (NASDAQ:TMUS) had its price objective increased by equities research analysts at Bank of America from $40.00 to $45.00 in a research note issued on Friday. The firm presently has an “underperform” rating on the Wireless communications provider’s stock. Bank of America’s target price points to a potential downside of 23.99% from the company’s previous close.
Several other research firms have also commented on TMUS. Deutsche Bank lifted their price target on T-Mobile US to $72.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. UBS Group raised shares of T-Mobile US from an “outperform” rating to a “strong-buy” rating in a research note on Friday. Moffett Nathanson raised shares of T-Mobile US from a “neutral” rating to a “buy” rating in a research note on Monday, November 27th. Societe Generale began coverage on shares of T-Mobile US in a research note on Tuesday, October 24th. They issued a “buy” rating and a $71.00 price objective for the company. Finally, KeyCorp reissued a “buy” rating and issued a $76.00 price objective on shares of T-Mobile US in a research note on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty have given a buy rating and four have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $70.06.
T-Mobile US (NASDAQ:TMUS) traded up $0.32 on Friday, reaching $59.20. The company had a trading volume of 5,145,703 shares, compared to its average volume of 3,647,740. The stock has a market capitalization of $50,310.00, a price-to-earnings ratio of 11.38, a P/E/G ratio of 0.83 and a beta of 0.30. T-Mobile US has a 12 month low of $54.60 and a 12 month high of $68.88. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50.
T-Mobile US announced that its board has authorized a stock buyback plan on Wednesday, December 6th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the Wireless communications provider to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
In other news, EVP Elizabeth A. Mcauliffe sold 4,310 shares of T-Mobile US stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $64.10, for a total transaction of $276,271.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Peter A. Ewens sold 10,000 shares of T-Mobile US stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $62.95, for a total transaction of $629,500.00. Following the sale, the executive vice president now directly owns 166,434 shares of the company’s stock, valued at approximately $10,477,020.30. The disclosure for this sale can be found here. Insiders have sold 73,620 shares of company stock valued at $4,708,192 in the last ninety days. Insiders own 0.29% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Paulson & CO. Inc. raised its stake in shares of T-Mobile US by 46.1% during the second quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock valued at $366,793,000 after acquiring an additional 1,910,600 shares in the last quarter. Carmignac Gestion raised its stake in T-Mobile US by 32.1% in the third quarter. Carmignac Gestion now owns 5,844,199 shares of the Wireless communications provider’s stock worth $360,353,000 after buying an additional 1,419,024 shares in the last quarter. State Street Corp raised its stake in T-Mobile US by 5.4% in the second quarter. State Street Corp now owns 5,599,085 shares of the Wireless communications provider’s stock worth $339,409,000 after buying an additional 289,120 shares in the last quarter. Bank of New York Mellon Corp raised its stake in T-Mobile US by 13.3% in the third quarter. Bank of New York Mellon Corp now owns 4,251,576 shares of the Wireless communications provider’s stock worth $262,150,000 after buying an additional 498,332 shares in the last quarter. Finally, APG Asset Management N.V. raised its stake in T-Mobile US by 11.8% in the third quarter. APG Asset Management N.V. now owns 3,973,999 shares of the Wireless communications provider’s stock worth $245,037,000 after buying an additional 418,863 shares in the last quarter. 35.05% of the stock is 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.
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