T-Mobile US (NASDAQ:TMUS) was upgraded by equities research analysts at UBS Group from an “outperform” rating to a “strong-buy” rating in a report released on Friday, The Fly reports.
Other research analysts have also issued reports about the stock. Moffett Nathanson restated a “neutral” rating on shares of T-Mobile US in a research note on Thursday, October 12th. Jefferies Group restated a “top pick” rating and set a $62.78 price objective (down from $72.00) on shares of T-Mobile US in a research note on Tuesday, November 28th. Morgan Stanley boosted their price objective on shares of T-Mobile US from $72.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. BidaskClub lowered shares of T-Mobile US from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Finally, Macquarie restated a “hold” rating and set a $68.00 price objective on shares of T-Mobile US in a research note on Tuesday, October 24th. 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 assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $70.06.
Shares of T-Mobile US (NASDAQ TMUS) traded up $0.32 during mid-day trading on Friday, reaching $59.20. 5,145,703 shares of the company’s stock traded hands, compared to its average volume of 3,410,000. 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 $50,310.00, a price-to-earnings ratio of 11.38, a P/E/G ratio of 0.79 and a beta of 0.30.
T-Mobile US announced that its board has initiated a share buyback plan on Wednesday, December 6th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the Wireless communications provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
In other news, EVP David A. Miller sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $62.78, for a total value of $941,700.00. Following the completion of the transaction, the executive vice president now directly owns 104,448 shares in the company, valued at approximately $6,557,245.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Peter A. Ewens sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $65.05, for a total transaction of $650,500.00. Following the completion of the transaction, the executive vice president now owns 146,434 shares of the company’s stock, valued at $9,525,531.70. The disclosure for this sale can be found here. Insiders sold a total of 73,620 shares of company stock valued at $4,708,192 in the last three months. Insiders own 0.29% of the company’s stock.
Large investors have recently modified their holdings of the company. Rational Advisors LLC acquired a new position in shares of T-Mobile US in the 3rd quarter valued at approximately $105,000. Cerebellum GP LLC acquired a new position in shares of T-Mobile US in the 4th quarter valued at approximately $127,000. Capital Bank & Trust Co raised its position in shares of 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 buying an additional 2,190 shares in the last quarter. Opera Trading Capital acquired a new position in shares of T-Mobile US in the 3rd quarter valued at approximately $154,000. Finally, Renaissance Group LLC acquired a new position in shares of T-Mobile US in the 3rd quarter valued at approximately $201,000. Institutional investors own 35.05% of the company’s stock.
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.
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