T-Mobile US Sees Unusually High Options Volume (NASDAQ:TMUS)

T-Mobile US, Inc. (NASDAQ:TMUS) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 14,033 call options on the stock. This is an increase of 61% compared to the average daily volume of 8,722 call options.

Insider Activity at T-Mobile US

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the transaction, the chief accounting officer owned 35,118 shares in the company, valued at approximately $6,262,592.94. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.32% of the stock is owned by corporate insiders.

Institutional Trading of T-Mobile US

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in T-Mobile US in the 2nd quarter valued at about $6,625,275,000. State Street Corp raised its holdings in shares of T-Mobile US by 4.3% in the 4th quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock worth $5,133,198,000 after purchasing an additional 1,047,624 shares in the last quarter. Capital International Investors lifted its stake in T-Mobile US by 8.2% during the fourth quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock valued at $3,014,754,000 after purchasing an additional 1,121,409 shares during the last quarter. Invesco Ltd. lifted its stake in T-Mobile US by 10.5% during the fourth quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock valued at $1,772,638,000 after purchasing an additional 827,381 shares during the last quarter. Finally, Norges Bank bought a new stake in T-Mobile US during the fourth quarter worth approximately $1,335,918,000. 42.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on TMUS. TD Cowen lowered their target price on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Benchmark reduced their price target on T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Wells Fargo & Company lowered their price objective on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. Royal Bank Of Canada dropped their target price on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Finally, Scotiabank decreased their price target on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $251.48.

T-Mobile US Stock Up 2.0%

Shares of TMUS traded up $3.31 during mid-day trading on Wednesday, reaching $165.72. 2,714,504 shares of the stock traded hands, compared to its average volume of 5,609,628. The stock has a fifty day simple moving average of $180.13 and a 200 day simple moving average of $188.74. T-Mobile US has a 12-month low of $161.14 and a 12-month high of $242.37. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The firm has a market cap of $177.76 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 1.06 and a beta of 0.34.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. The firm had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.T-Mobile US’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.84 earnings per share. Sell-side analysts expect that T-Mobile US will post 10.82 EPS for the current fiscal year.

About T-Mobile US

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.