Traders Buy Shares of T-Mobile US (TMUS) on Weakness

Traders purchased shares of T-Mobile US Inc (NASDAQ:TMUS) on weakness during trading on Friday. $48.19 million flowed into the stock on the tick-up and $28.53 million flowed out of the stock on the tick-down, for a money net flow of $19.66 million into the stock. Of all equities tracked, T-Mobile US had the 30th highest net in-flow for the day. T-Mobile US traded down ($0.38) for the day and closed at $60.06

TMUS has been the subject of a number of research analyst reports. Deutsche Bank increased their price target on T-Mobile US to $72.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Bank of America raised their price objective on T-Mobile US from $34.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 24th. UBS Group upgraded T-Mobile US from an “outperform” rating to a “strong-buy” rating in a research note on Friday, February 9th. Moffett Nathanson upgraded T-Mobile US from a “neutral” rating to a “buy” rating in a research note on Monday, November 27th. Finally, Societe Generale started coverage on T-Mobile US in a research note on Tuesday, October 24th. They issued a “buy” rating and a $71.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty have issued a buy rating and four have given a strong buy rating to the company. T-Mobile US presently has a consensus rating of “Buy” and a consensus price target of $70.23.

The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.64 and a current ratio of 0.77. The firm has a market cap of $51,640.00, a price-to-earnings ratio of 11.55, a P/E/G ratio of 0.74 and a beta of 0.30.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.37 by $0.11. T-Mobile US had a return on equity of 9.60% and a net margin of 11.19%. The company had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.84 billion. During the same period last year, the company earned $0.45 earnings per share. T-Mobile US’s quarterly revenue was up 5.1% compared to the same quarter last year. research analysts expect that T-Mobile US Inc will post 3.25 EPS for the current fiscal year.

T-Mobile US announced that its Board of Directors has approved a stock repurchase plan on Wednesday, December 6th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the Wireless communications provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

In other T-Mobile US news, EVP Elizabeth A. Mcauliffe sold 4,310 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $64.10, for a total value of $276,271.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Telekom Holding B.V. Deutsche acquired 300,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was acquired at an average cost of $57.79 per share, for a total transaction of $17,337,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders sold 73,620 shares of company stock worth $4,708,192. 0.29% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Rational Advisors LLC acquired a new stake in T-Mobile US in the third quarter valued at approximately $105,000. Cerebellum GP LLC acquired a new stake in shares of T-Mobile US in the fourth quarter worth approximately $127,000. Capital Bank & Trust Co boosted its stake in shares of 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 worth $139,000 after acquiring an additional 2,190 shares during the last quarter. Opera Trading Capital acquired a new stake in shares of T-Mobile US in the third quarter worth approximately $154,000. Finally, Prime Capital Investment Advisors LLC acquired a new stake in shares of T-Mobile US in the fourth quarter worth approximately $184,000. 35.23% of the stock is currently owned by 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 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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