Investors Sell T-Mobile US, Inc. (TMUS) on Strength (TMUS)

Traders sold shares of T-Mobile US, Inc. (NASDAQ:TMUS) on strength during trading hours on Thursday. $43.52 million flowed into the stock on the tick-up and $71.57 million flowed out of the stock on the tick-down, for a money net flow of $28.05 million out of the stock. Of all companies tracked, T-Mobile US had the 26th highest net out-flow for the day. T-Mobile US traded up $0.83 for the day and closed at $61.51

Several equities research analysts have recently issued reports on the company. BidaskClub raised T-Mobile US from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Cowen and Company reaffirmed a “buy” rating and issued a $70.00 target price on shares of T-Mobile US in a report on Friday, August 25th. Credit Suisse Group reaffirmed a “hold” rating and issued a $69.00 target price on shares of T-Mobile US in a report on Friday, June 23rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $80.00 target price on shares of T-Mobile US in a report on Thursday, September 7th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $70.00 target price on shares of T-Mobile US in a report on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. T-Mobile US has a consensus rating of “Buy” and an average target price of $70.81.

The stock’s 50-day moving average is $62.37 and its 200 day moving average is $63.68. The firm has a market capitalization of $51.12 billion, a price-to-earnings ratio of 26.06 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.29. The business had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $9.82 billion. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 EPS. Equities research analysts forecast that T-Mobile US, Inc. will post $2.28 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Proficio Capital Partners LLC increased its holdings in shares of T-Mobile US by 23.8% during the 1st quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock worth $108,000 after buying an additional 306 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of T-Mobile US by 64.8% during the 1st quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock worth $112,000 after buying an additional 680 shares during the last quarter. Barrett Asset Management LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $110,000. Smithfield Trust Co. increased its holdings in shares of T-Mobile US by 1,513.6% during the 2nd quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock worth $115,000 after buying an additional 1,786 shares during the last quarter. Finally, D. Scott Neal Inc. acquired a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $116,000. Institutional investors and hedge funds own 34.76% 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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