T-Mobile US (TMUS) Lifted to “Strong-Buy” at UBS Group

T-Mobile US (NASDAQ:TMUS) was upgraded by equities researchers at UBS Group from an “outperform” rating to a “strong-buy” rating in a research report issued on Friday, The Fly reports.

Other equities research analysts also recently issued research reports about the stock. Deutsche Bank upped their target price on shares of T-Mobile US to $72.00 and gave the company a “buy” rating in a research note on Monday, December 11th. BidaskClub downgraded shares of T-Mobile US from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th. BTIG Research upped their target price on shares of T-Mobile US from $74.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Cowen reissued a “buy” rating and set a $70.00 price objective on shares of T-Mobile US in a research report on Tuesday, October 17th. Finally, Jefferies Group lowered their price objective on shares of T-Mobile US from $83.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $69.86.

T-Mobile US (NASDAQ:TMUS) opened at $58.88 on Friday. T-Mobile US has a twelve month low of $54.60 and a twelve month high of $68.88. The firm has a market cap of $51,631.70, a P/E ratio of 23.09, a P/E/G ratio of 0.83 and a beta of 0.29. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.50.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.11. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The business had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.84 billion. During the same period in the prior year, the business posted $0.45 earnings per share. T-Mobile US’s revenue was up 5.1% compared to the same quarter last year. equities analysts predict that T-Mobile US will post 2.45 EPS for the current fiscal year.

T-Mobile US declared that its board has approved a share repurchase program on Wednesday, December 6th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the Wireless communications provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

In related news, EVP Peter A. Ewens sold 10,000 shares of T-Mobile US stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $65.05, for a total transaction of $650,500.00. Following the sale, the executive vice president now directly owns 146,434 shares of the company’s stock, valued at approximately $9,525,531.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J Braxton Carter II sold 15,000 shares of T-Mobile US stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $65.96, for a total transaction of $989,400.00. Following the sale, the chief financial officer now directly owns 199,788 shares in the company, valued at $13,178,016.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,620 shares of company stock worth $4,708,192. 0.29% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in TMUS. Voya Investment Management LLC grew its holdings in shares of T-Mobile US by 2.5% during the 2nd quarter. Voya Investment Management LLC now owns 35,232 shares of the Wireless communications provider’s stock valued at $2,136,000 after purchasing an additional 875 shares during the last quarter. AHL Partners LLP acquired a new stake in T-Mobile US during the 2nd quarter worth approximately $1,427,000. Macquarie Group Ltd. boosted its position in T-Mobile US by 10.7% during the 2nd quarter. Macquarie Group Ltd. now owns 173,236 shares of the Wireless communications provider’s stock worth $10,502,000 after buying an additional 16,703 shares during the period. State Street Corp boosted its position in T-Mobile US by 5.4% during the 2nd quarter. State Street Corp now owns 5,599,085 shares of the Wireless communications provider’s stock worth $339,409,000 after buying an additional 289,120 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in T-Mobile US by 7.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,405 shares of the Wireless communications provider’s stock worth $1,662,000 after buying an additional 2,010 shares during the period. 35.05% of the stock is currently owned by institutional investors.

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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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