An issue of T-Mobile US, Inc. (NASDAQ:TMUS) debt rose 1.1% as a percentage of its face value during trading on Thursday. The debt issue has a 4.75% coupon and is set to mature on February 1, 2028. The bonds in the issue are now trading at $97.36 and were trading at $96.63 one week ago. Price changes in a company’s debt in credit markets often anticipate parallel changes in its stock price.
TMUS has been the topic of a number of research analyst reports. Macquarie upgraded shares of T-Mobile US from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 14th. Bank of America upped their target price on shares of T-Mobile US from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Friday, February 9th. Moffett Nathanson upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating in a research note on Monday, November 27th. Deutsche Bank upped their target price on shares of T-Mobile US to $72.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, BidaskClub downgraded shares of T-Mobile US from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and four have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $70.65.
Shares of TMUS stock opened at $59.74 on Friday. The firm has a market cap of $52,333.75, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 0.80 and a beta of 0.46. T-Mobile US, Inc. has a one year low of $54.60 and a one year high of $68.88. 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 declared that its board has initiated a share buyback program on Wednesday, December 6th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the Wireless communications provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
In related news, insider Thomas Christopher Keys sold 25,000 shares of the firm’s 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 of the company’s stock, valued at $26,650,836.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Telekom Holding B.V. Deutsche bought 300,000 shares of T-Mobile US stock in a transaction that occurred on Wednesday, February 14th. The shares were acquired at an average cost of $57.79 per share, with a total value of $17,337,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 1,840,000 shares of company stock valued at $110,974,950 and sold 98,872 shares valued at $6,358,618. Company insiders own 0.29% of the company’s stock.
Several institutional investors have recently modified their holdings of TMUS. Cerebellum GP LLC purchased a new position in T-Mobile US in the fourth quarter valued at $127,000. Capital Bank & Trust Co increased its holdings in T-Mobile US by 3,128.6% in the third quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock valued at $139,000 after buying an additional 2,190 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new position in T-Mobile US in the fourth quarter valued at $184,000. Delpha Capital Management LLC purchased a new position in T-Mobile US in the fourth quarter valued at $203,000. Finally, Atria Investments LLC purchased a new position in T-Mobile US in the fourth quarter valued at $207,000. 35.66% of the stock is owned by hedge funds and other institutional investors.
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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 United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 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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