T-Mobile US Inc (NASDAQ:TMUS) insider Thomas Christopher Keys sold 25,000 shares of T-Mobile US stock in a transaction on Friday, March 9th. The shares were sold at an average price of $65.50, for a total transaction of $1,637,500.00. Following the completion of the transaction, the insider now owns 406,883 shares in the company, valued at $26,650,836.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of T-Mobile US Inc (NASDAQ TMUS) opened at $64.98 on Wednesday. The company has a market cap of $55,150.00, a PE ratio of 12.50, a P/E/G ratio of 0.86 and a beta of 0.38. T-Mobile US Inc has a fifty-two week low of $54.60 and a fifty-two week high of $68.88. The company has a current ratio of 0.77, a quick ratio of 0.64 and a debt-to-equity ratio of 1.30.
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 forecast that T-Mobile US Inc will post 3.4 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. lifted its holdings in shares of T-Mobile US by 14.4% in the fourth quarter. Alliancebernstein L.P. now owns 7,666,001 shares of the Wireless communications provider’s stock valued at $486,868,000 after purchasing an additional 962,182 shares in the last quarter. Carmignac Gestion lifted its holdings in shares of T-Mobile US by 32.1% in the third quarter. Carmignac Gestion now owns 5,844,199 shares of the Wireless communications provider’s stock valued at $360,353,000 after purchasing an additional 1,419,024 shares in the last quarter. Tybourne Capital Management HK Ltd. purchased a new stake in shares of T-Mobile US in the fourth quarter valued at about $272,331,000. Bank of New York Mellon Corp lifted its holdings in shares of T-Mobile US by 13.3% in the third quarter. Bank of New York Mellon Corp now owns 4,251,576 shares of the Wireless communications provider’s stock valued at $262,150,000 after purchasing an additional 498,332 shares in the last quarter. Finally, Maverick Capital Ltd. lifted its holdings in shares of T-Mobile US by 103.0% in the fourth quarter. Maverick Capital Ltd. now owns 3,349,036 shares of the Wireless communications provider’s stock valued at $212,697,000 after purchasing an additional 1,699,036 shares in the last quarter. 35.68% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have commented on TMUS. Guggenheim began coverage on shares of T-Mobile US in a research note on Tuesday. They issued a “buy” rating and a $80.00 price objective on the stock. BidaskClub upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a research note on Saturday, March 3rd. ValuEngine lowered shares of T-Mobile US from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, Bank of America lifted their target price on shares of T-Mobile US from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and four have assigned a strong buy rating to the company. T-Mobile US currently has a consensus rating of “Buy” and an average target price of $70.65.
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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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