T-Mobile US (NASDAQ:TMUS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The brokerage currently has a $65.00 price target on the Wireless communications provider’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.67% from the company’s current price.
According to Zacks, “T-Mobile US posted mixed fourth-quarter 2017 results where bottom line beat the Zacks Consensus Estimate, the top line lagged the same. The company gained a net of 1.9 million total wireless subscribers, with 1.1 million branded postpaid, 891,000 postpaid phone, 149,000 branded prepaid. The company’s share repurchases reflects its strong financial background. T-Mobile US has raised its outlook for 2018. The company’s rating upgradation by Moody's was a major positive. The company has already rolled out 600 MHz wireless spectrum in its footprints and has conducted Narrowband Internet of Things tests, live on its commercial network. T-Mobile US is also planning to team up with dark fiber partners to backhaul small cell densification project. However, competitive and saturated wireless market and marketing costs of the low-priced promotional plans are major headwinds. In the past three months, the stock underperformed its industry.”
Other analysts also recently issued research reports about the stock. Societe Generale started coverage on shares of T-Mobile US in a report on Tuesday, October 24th. They set a “buy” rating and a $71.00 price objective on the stock. BTIG Research upped their price target on shares of T-Mobile US from $74.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Cowen reaffirmed a “buy” rating and issued a $70.00 price target on shares of T-Mobile US in a report on Tuesday, October 17th. UBS Group reaffirmed a “buy” rating and issued a $70.00 price target (down previously from $80.00) on shares of T-Mobile US in a report on Monday, November 6th. Finally, Moffett Nathanson raised shares of T-Mobile US from a “neutral” rating to a “buy” rating in a report on Monday, November 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and four have issued a strong buy rating to the stock. T-Mobile US presently has an average rating of “Buy” and a consensus price target of $69.87.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The firm had revenue of $10.76 billion for the quarter, compared to the consensus estimate of $10.84 billion. T-Mobile US had a net margin of 11.19% and a return on equity of 9.60%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. analysts predict that T-Mobile US will post 3.16 earnings per share for the current year.
T-Mobile US declared that its board has authorized a share repurchase plan on Wednesday, December 6th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the Wireless communications provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors 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 owns 104,448 shares of the company’s stock, valued at $6,557,245.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Peter A. Ewens sold 10,000 shares of the business’s 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 completion of the transaction, 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. In the last three months, insiders sold 73,620 shares of company stock valued at $4,708,192. Company insiders own 0.29% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Harbor Advisors LLC increased its position in 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 purchasing an additional 8,068 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in 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 purchasing an additional 2,296 shares during the last quarter. James Investment Research Inc. grew its stake in T-Mobile US by 16.4% during the fourth quarter. James Investment Research Inc. now owns 30,500 shares of the Wireless communications provider’s stock worth $1,937,000 after buying an additional 4,300 shares during the period. Northpointe Capital LLC grew its stake in T-Mobile US by 34.2% during the third quarter. Northpointe Capital LLC now owns 57,837 shares of the Wireless communications provider’s stock worth $3,566,000 after buying an additional 14,726 shares during the period. Finally, Dana Investment Advisors Inc. grew its stake in T-Mobile US by 0.8% during the third quarter. Dana Investment Advisors Inc. now owns 299,119 shares of the Wireless communications provider’s stock worth $18,444,000 after buying an additional 2,460 shares during the period. 35.23% 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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