T-Mobile US Inc. (TMUS) Upgraded to “Strong-Buy” at Vetr Inc.
Vetr upgraded shares of T-Mobile US Inc. (NASDAQ:TMUS) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday morning. Vetr currently has $51.78 price objective on the stock.
Other equities research analysts have also recently issued reports about the stock. HSBC reiterated a hold rating on shares of T-Mobile US in a research report on Wednesday, September 28th. Jefferies Group reiterated a buy rating and issued a $55.00 price target on shares of T-Mobile US in a research report on Tuesday. Wells Fargo & Co. upgraded shares of T-Mobile US from a market perform rating to an outperform rating and boosted their price target for the stock from $49.00 to $54.00 in a research report on Monday, August 29th. They noted that the move was a valuation call. FBR & Co boosted their price target on shares of T-Mobile US from $40.00 to $48.00 and gave the stock a market perform rating in a research report on Friday, July 29th. Finally, Pacific Crest boosted their price target on shares of T-Mobile US from $48.00 to $53.00 and gave the stock an overweight rating in a research report on Thursday, July 28th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $49.26.
T-Mobile US (NASDAQ:TMUS) traded down 0.55% during midday trading on Thursday, hitting $45.25. 756,146 shares of the company traded hands. The company has a market cap of $37.23 billion, a PE ratio of 34.81 and a beta of 0.51. T-Mobile US has a 12-month low of $33.23 and a 12-month high of $48.11. The stock has a 50 day moving average price of $46.39 and a 200-day moving average price of $43.21.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. T-Mobile US had a net margin of 3.36% and a return on equity of 6.77%. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the previous year, the business earned $0.42 earnings per share. The company’s revenue was up 12.2% on a year-over-year basis. Analysts expect that T-Mobile US will post $1.32 EPS for the current year.
In related news, EVP David A. Miller sold 10,000 shares of the company’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $44.00, for a total value of $440,000.00. Following the completion of the transaction, the executive vice president now directly owns 119,816 shares in the company, valued at $5,271,904. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas Christopher Keys sold 14,700 shares of the company’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $47.11, for a total value of $692,517.00. Following the completion of the transaction, the insider now owns 355,876 shares of the company’s stock, valued at $16,765,318.36. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of TMUS. FMR LLC raised its position in shares of T-Mobile US by 15.6% in the second quarter. FMR LLC now owns 16,526,004 shares of the company’s stock worth $715,081,000 after buying an additional 2,228,832 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of T-Mobile US by 15.6% in the second quarter. JPMorgan Chase & Co. now owns 15,715,621 shares of the company’s stock worth $658,957,000 after buying an additional 2,124,210 shares during the period. Vanguard Group Inc. boosted its stake in shares of T-Mobile US by 6.2% in the second quarter. Vanguard Group Inc. now owns 14,065,439 shares of the company’s stock worth $608,612,000 after buying an additional 817,632 shares during the period. Marshall Wace LLP boosted its stake in shares of T-Mobile US by 38.8% in the second quarter. Marshall Wace LLP now owns 7,752,979 shares of the company’s stock worth $335,472,000 after buying an additional 2,167,045 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of T-Mobile US by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 6,865,391 shares of the company’s stock worth $262,944,000 after buying an additional 160,125 shares during the period. Institutional investors and hedge funds own 34.17% of the company’s stock.
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