BidaskClub Upgrades T-Mobile Us (NASDAQ:TMUS) to “Hold”

T-Mobile Us (NASDAQ:TMUS) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Tuesday, BidAskClub reports.

Other equities analysts also recently issued reports about the company. UBS Group reaffirmed a “buy” rating and issued a $96.00 price objective on shares of T-Mobile Us in a research note on Monday, July 29th. KeyCorp raised their price objective on T-Mobile Us from $76.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Barclays reaffirmed a “buy” rating and issued a $93.00 price objective on shares of T-Mobile Us in a research note on Monday, July 29th. HSBC set a $85.00 price objective on T-Mobile Us and gave the company a “buy” rating in a research note on Monday, June 3rd. Finally, William Blair reaffirmed an “outperform” rating on shares of T-Mobile Us in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $89.55.

NASDAQ TMUS opened at $78.18 on Tuesday. T-Mobile Us has a 1-year low of $59.96 and a 1-year high of $85.22. The company has a market capitalization of $66.43 billion, a P/E ratio of 23.27, a PEG ratio of 1.49 and a beta of 0.36. The business has a 50 day moving average price of $78.36 and a 200 day moving average price of $74.47. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.62 and a quick ratio of 0.54.

T-Mobile Us (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, July 25th. The Wireless communications provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.30. T-Mobile Us had a return on equity of 13.89% and a net margin of 7.40%. The firm had revenue of $10.98 billion during the quarter, compared to the consensus estimate of $11.14 billion. During the same period last year, the business posted $0.92 EPS. T-Mobile Us’s quarterly revenue was up 3.9% on a year-over-year basis. On average, research analysts expect that T-Mobile Us will post 4.18 earnings per share for the current fiscal year.

In other T-Mobile Us news, COO G Michael Sievert sold 9,324 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $75.50, for a total transaction of $703,962.00. Following the sale, the chief operating officer now owns 533,965 shares in the company, valued at approximately $40,314,357.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in TMUS. Capital Investment Advisory Services LLC boosted its holdings in shares of T-Mobile Us by 272.8% during the second quarter. Capital Investment Advisory Services LLC now owns 343 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 251 shares during the last quarter. Sandy Spring Bank acquired a new stake in shares of T-Mobile Us during the first quarter worth $30,000. Bremer Bank National Association acquired a new stake in shares of T-Mobile Us during the first quarter worth $51,000. Coastal Capital Group Inc. acquired a new stake in shares of T-Mobile Us during the second quarter worth $53,000. Finally, Alera Investment Advisors LLC acquired a new stake in shares of T-Mobile Us during the first quarter worth $56,000. Hedge funds and other institutional investors own 33.33% of the company’s stock.

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 United States Virgin Islands. The company offers voice, messaging, and data services to 79.7 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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Analyst Recommendations for T-Mobile Us (NASDAQ:TMUS)

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