T-Mobile Us (TMUS) Lowered to “Hold” at Zacks Investment Research
According to Zacks, “T-Mobile has received shareholder approval for its merger with Sprint. The company has collaborated with industry peers to accelerate the deployment of a nationwide 5G network. Improvement in mobile plans, network performance, deployment of LTE-U technology and attractive unlimited data are key factors behind its stellar performance. Improving scale, healthy free cash flow generation and liquidity are additional tailwinds. The stock has outperformed the industry in the past year on average. However, a highly competitive and saturated U.S. wireless market is a major headwind for the wireless carrier. Severe competition has dented T-Mobile’s ability to attract and retain customers, adversely affecting its operating results. Although the company has boosted its top line by adding customers, it has not significantly improved bottom-line numbers. Management’s strategy of offering several promotional activities has also squeezed margins.”
A number of other research analysts have also issued reports on TMUS. BidaskClub lowered shares of T-Mobile Us from a buy rating to a hold rating in a research note on Wednesday, March 6th. Raymond James reissued a strong-buy rating and set a $85.00 target price on shares of T-Mobile Us in a research note on Wednesday, December 19th. Argus reissued a buy rating on shares of T-Mobile Us in a research note on Tuesday, February 19th. UBS Group reissued a buy rating and set a $80.00 target price on shares of T-Mobile Us in a research note on Wednesday, January 16th. Finally, HSBC set a $80.00 target price on shares of T-Mobile Us and gave the company a buy rating in a research note on Friday, March 8th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $79.21.
T-Mobile Us (NASDAQ:TMUS) last posted its earnings results on Thursday, February 7th. The Wireless communications provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $11.45 billion during the quarter, compared to analyst estimates of $11.38 billion. T-Mobile Us had a net margin of 6.67% and a return on equity of 12.12%. T-Mobile Us’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.11 EPS. Equities analysts forecast that T-Mobile Us will post 3.97 EPS for the current fiscal year.
In other news, insider Thomas Christopher Keys sold 43,000 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $70.71, for a total value of $3,040,530.00. Following the completion of the sale, the insider now directly owns 248,883 shares of the company’s stock, valued at approximately $17,598,516.93. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Elizabeth A. Mcauliffe sold 2,250 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $69.52, for a total transaction of $156,420.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,016 shares of company stock valued at $3,547,632. Company insiders own 0.37% of the company’s stock.
Large investors have recently modified their holdings of the company. Appleton Partners Inc. MA lifted its stake in shares of T-Mobile Us by 10.1% in the 4th quarter. Appleton Partners Inc. MA now owns 14,185 shares of the Wireless communications provider’s stock worth $902,000 after acquiring an additional 1,304 shares during the period. Verde Servicos Internacionais S.A. lifted its stake in T-Mobile Us by 11.3% during the first quarter. Verde Servicos Internacionais S.A. now owns 54,426 shares of the Wireless communications provider’s stock valued at $3,760,000 after purchasing an additional 5,540 shares during the last quarter. First Hawaiian Bank lifted its stake in T-Mobile Us by 92.9% during the fourth quarter. First Hawaiian Bank now owns 26,929 shares of the Wireless communications provider’s stock valued at $1,713,000 after purchasing an additional 12,966 shares during the last quarter. Highland Associates Inc. acquired a new stake in T-Mobile Us during the fourth quarter valued at approximately $26,422,000. Finally, LMR Partners LLP acquired a new stake in T-Mobile Us during the fourth quarter valued at approximately $231,000. 33.96% of the stock is owned by institutional investors.
About T-Mobile Us
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 79.7 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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