Guggenheim started coverage on shares of T-Mobile US (NASDAQ:TMUS) in a research report released on Tuesday, Marketbeat.com reports. The brokerage issued a buy rating and a $80.00 price target on the Wireless communications provider’s stock.
TMUS has been the topic of several other research reports. Deutsche Bank boosted their price objective on shares of T-Mobile US to $72.00 and gave the stock a buy rating in a research note on Monday, December 11th. BidaskClub raised shares of T-Mobile US from a sell rating to a hold rating in a research note on Saturday, March 3rd. ValuEngine cut shares of T-Mobile US from a hold rating to a sell rating in a research note on Thursday, March 1st. KeyCorp restated a buy rating and issued a $76.00 target price on shares of T-Mobile US in a report on Tuesday, January 2nd. Finally, Raymond James Financial upgraded shares of T-Mobile US from an outperform rating to a strong-buy rating in a report on Friday, February 9th. Two 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 issued a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $70.65.
Shares of T-Mobile US (NASDAQ TMUS) opened at $64.98 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.77 and a debt-to-equity ratio of 1.30. T-Mobile US has a one year low of $54.60 and a one year high of $68.88. The firm has a market cap of $55,153.37, a price-to-earnings ratio of 28.82, a P/E/G ratio of 0.84 and a beta of 0.46.
T-Mobile US declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 6th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the Wireless communications provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
In related news, EVP Elizabeth A. Mcauliffe sold 4,090 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $61.04, for a total value of $249,653.60. Following the sale, the executive vice president now owns 68,168 shares in the company, valued at approximately $4,160,974.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO J Braxton Carter II sold 15,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $65.96, for a total transaction of $989,400.00. Following the completion of the sale, the chief financial officer now owns 199,788 shares in the company, valued at approximately $13,178,016.48. The disclosure for this sale can be found here. In the last quarter, insiders have bought 1,840,000 shares of company stock worth $110,974,950 and have sold 113,872 shares worth $7,300,318. 0.29% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of TMUS. Nationwide Fund Advisors raised its holdings in shares of T-Mobile US by 2.4% in the 3rd quarter. Nationwide Fund Advisors now owns 297,909 shares of the Wireless communications provider’s stock worth $18,369,000 after acquiring an additional 6,979 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of T-Mobile US in the 3rd quarter worth about $462,000. Victory Capital Management Inc. raised its holdings in shares of T-Mobile US by 21.3% in the 3rd quarter. Victory Capital Management Inc. now owns 26,660 shares of the Wireless communications provider’s stock worth $1,644,000 after acquiring an additional 4,674 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of T-Mobile US in the 3rd quarter worth about $1,085,000. Finally, American Century Companies Inc. raised its holdings in shares of T-Mobile US by 49.4% in the 3rd quarter. American Century Companies Inc. now owns 87,799 shares of the Wireless communications provider’s stock worth $5,414,000 after acquiring an additional 29,018 shares during the last quarter. Institutional investors own 35.68% of the company’s stock.
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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 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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