An issue of T-Mobile US, Inc. (NASDAQ:TMUS) bonds rose 1.1% against their face value during trading on Friday. The debt issue has a 4.75% coupon and will 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 bonds in credit markets often anticipate parallel changes in its stock price.
Several equities research analysts recently weighed in on the company. Jefferies Group restated a “top pick” rating and set a $62.78 target price (down from $72.00) on shares of T-Mobile US in a report on Tuesday, November 28th. Bank of America increased their target price on T-Mobile US from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Friday, February 9th. Morgan Stanley increased their target price on T-Mobile US from $72.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. BidaskClub cut T-Mobile US from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Finally, Zacks Investment Research cut T-Mobile US from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and four have assigned a strong buy rating to the stock. T-Mobile US has a consensus rating of “Buy” and an average target price of $70.65.
T-Mobile US stock opened at $59.74 on Friday. The company has a market capitalization of $51,043.59, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 0.78 and a beta of 0.46. 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, Inc. has a 52-week low of $54.60 and a 52-week high of $68.88.
T-Mobile US declared that its Board of Directors has initiated a stock repurchase program on Wednesday, December 6th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the Wireless communications provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
In other news, major shareholder Telekom Holding B.V. Deutsche bought 300,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was purchased at an average price of $57.79 per share, with a total value of $17,337,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David A. Miller sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $63.50, for a total value of $635,000.00. Following the completion of the transaction, the executive vice president now directly owns 142,117 shares of the company’s stock, valued at approximately $9,024,429.50. The disclosure for this sale can be found here. In the last three months, insiders bought 1,840,000 shares of company stock valued at $110,974,950 and sold 98,872 shares valued at $6,358,618. 0.29% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in TMUS. Cerebellum GP LLC bought a new position in T-Mobile US during the 4th quarter valued at approximately $127,000. Capital Bank & Trust Co increased its position in T-Mobile US by 3,128.6% during the 3rd 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 bought a new position in T-Mobile US during the 4th quarter valued at approximately $184,000. Delpha Capital Management LLC bought a new position in T-Mobile US during the 4th quarter valued at approximately $203,000. Finally, Atria Investments LLC bought a new position in T-Mobile US during the 4th quarter valued at approximately $207,000. 35.66% of the stock is owned by hedge funds and other institutional investors.
About T-Mobile US
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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