UBS Group upgraded shares of T-Mobile US (NASDAQ:TMUS) from an outperform rating to a strong-buy rating in a research report sent to investors on Friday, The Fly reports.

A number of other research firms have also issued reports on TMUS. BidaskClub upgraded shares of T-Mobile US from a sell rating to a hold rating in a report on Tuesday, January 30th. Macquarie upgraded shares of T-Mobile US from a neutral rating to an outperform rating in a report on Thursday, December 14th. KeyCorp restated a buy rating and issued a $76.00 target price on shares of T-Mobile US in a report on Tuesday, January 2nd. Morgan Stanley upped their target price on shares of T-Mobile US from $72.00 to $74.00 and gave the company an overweight rating in a report on Wednesday, December 13th. Finally, Jefferies Group restated a top pick rating and issued a $62.78 target price (down from $72.00) on shares of T-Mobile US in a report on Tuesday, November 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty have given a buy rating and four have issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $70.06.

T-Mobile US (TMUS) opened at $58.12 on Friday. The stock has a market cap of $50,580.00, a PE ratio of 11.18, a price-to-earnings-growth ratio of 0.78 and a beta of 0.30. The company has a quick ratio of 0.64, a current ratio of 0.77 and a debt-to-equity ratio of 1.30. T-Mobile US has a 1-year low of $54.60 and a 1-year high of $68.88.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.11. The company had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.84 billion. T-Mobile US had a net margin of 11.19% and a return on equity of 9.60%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. equities research analysts predict that T-Mobile US will post 3.05 earnings per share for the current year.

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

In related news, EVP Peter A. Ewens sold 10,000 shares of the 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 completion of the sale, the executive vice president now owns 146,434 shares of the company’s stock, valued at approximately $9,525,531.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO J Braxton Carter II sold 15,000 shares of the stock in a transaction that occurred on Tuesday, January 9th. The stock was 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 of the company’s stock, valued at approximately $13,178,016.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,620 shares of company stock valued at $4,708,192. Corporate insiders own 0.29% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of TMUS. Voya Investment Management LLC increased its position in 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 worth $2,136,000 after purchasing an additional 875 shares in 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. increased 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 purchasing an additional 16,703 shares in the last quarter. State Street Corp increased 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 purchasing an additional 289,120 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased 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 purchasing an additional 2,010 shares in the last quarter. 35.23% of the stock is owned by hedge funds and other 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.

The Fly

Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

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