T-Mobile US Inc (NASDAQ:TMUS) insider Thomas Christopher Keys sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $65.50, for a total value of $1,637,500.00. Following the completion of the transaction, the insider now directly owns 406,883 shares in the company, valued at $26,650,836.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of T-Mobile US Inc (NASDAQ TMUS) traded down $0.70 during midday trading on Monday, reaching $64.55. The company’s stock had a trading volume of 2,965,366 shares, compared to its average volume of 4,330,000. T-Mobile US Inc has a 1 year low of $54.60 and a 1 year high of $68.88. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.77 and a quick ratio of 0.64. The firm has a market capitalization of $55,750.00, a price-to-earnings ratio of 12.41, a PEG ratio of 0.86 and a beta of 0.38.
T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.11. T-Mobile US had a return on equity of 9.60% and a net margin of 11.19%. The firm had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.84 billion. During the same period last year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. equities research analysts predict that T-Mobile US Inc will post 3.4 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. OTA Financial Group L.P. acquired a new stake in T-Mobile US in the fourth quarter worth $18,665,000. Xact Kapitalforvaltning AB grew its stake in shares of T-Mobile US by 5.4% in the fourth quarter. Xact Kapitalforvaltning AB now owns 62,436 shares of the Wireless communications provider’s stock worth $3,965,000 after purchasing an additional 3,207 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of T-Mobile US by 2.3% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 246,914 shares of the Wireless communications provider’s stock worth $15,682,000 after purchasing an additional 5,535 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in shares of T-Mobile US by 121.4% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 181,997 shares of the Wireless communications provider’s stock worth $11,559,000 after purchasing an additional 99,797 shares in the last quarter. Finally, Meitav Dash Investments Ltd. bought a new position in shares of T-Mobile US in the fourth quarter worth $644,000. 35.68% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the company. Jefferies Group reaffirmed a “top pick” rating and issued a $62.78 target price (down from $72.00) on shares of T-Mobile US in a research report on Tuesday, November 28th. Bank of America upped their price target on T-Mobile US from $40.00 to $45.00 and gave the company an “underperform” rating in a research report on Friday, February 9th. Morgan Stanley upped their price target on T-Mobile US from $72.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. BidaskClub lowered T-Mobile US from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Finally, HSBC raised T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and four have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $70.24.
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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.
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