T-Mobile US (TMUS) Shares Gap Down to $60.85

Shares of T-Mobile US Inc (NASDAQ:TMUS) gapped down before the market opened on Wednesday . The stock had previously closed at $61.67, but opened at $60.85. T-Mobile US shares last traded at $62.02, with a volume of 4185468 shares.

A number of analysts have weighed in on TMUS shares. Cowen restated a “buy” rating and set a $70.00 target price on shares of T-Mobile US in a report on Tuesday, October 17th. Zacks Investment Research lowered T-Mobile US from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. BTIG Research upped their target price on T-Mobile US from $74.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Moffett Nathanson restated a “neutral” rating on shares of T-Mobile US in a report on Thursday, October 12th. Finally, Societe Generale started coverage on T-Mobile US in a report on Tuesday, October 24th. They set a “buy” rating and a $71.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty have assigned a buy rating and four have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $70.06.

The stock has a market cap of $50,310.00, a PE ratio of 11.38, a price-to-earnings-growth ratio of 0.83 and a beta of 0.30. 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 results on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.11. The company had revenue of $10.76 billion for the quarter, compared to the consensus estimate of $10.84 billion. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. equities research analysts forecast that T-Mobile US Inc will post 2.45 EPS for the current fiscal year.

T-Mobile US announced that its Board of Directors has authorized a stock repurchase program 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 repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

In other T-Mobile US news, EVP Elizabeth A. Mcauliffe sold 4,310 shares of the stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $64.10, for a total transaction of $276,271.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP David A. Miller sold 15,000 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $62.78, for a total value of $941,700.00. Following the sale, the executive vice president now directly owns 104,448 shares in the company, valued at $6,557,245.44. The disclosure for this sale can be found here. Insiders have sold a total of 73,620 shares of company stock worth $4,708,192 over the last ninety days. 0.29% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Paulson & CO. Inc. grew its position in T-Mobile US by 46.1% during the 2nd quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock worth $366,793,000 after purchasing an additional 1,910,600 shares during the period. Carmignac Gestion boosted its stake in shares of T-Mobile US by 32.1% during the 3rd quarter. Carmignac Gestion now owns 5,844,199 shares of the Wireless communications provider’s stock worth $360,353,000 after acquiring an additional 1,419,024 shares in the last quarter. State Street Corp boosted its stake in shares of 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 acquiring an additional 289,120 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of T-Mobile US by 13.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,251,576 shares of the Wireless communications provider’s stock worth $262,150,000 after acquiring an additional 498,332 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in shares of T-Mobile US by 11.8% during the 3rd quarter. APG Asset Management N.V. now owns 3,973,999 shares of the Wireless communications provider’s stock worth $245,037,000 after acquiring an additional 418,863 shares in the last quarter. 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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