T-Mobile Us (TMUS) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of T-Mobile Us (NASDAQ:TMUS) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday morning.

According to Zacks, “T-Mobile has received shareholder approval for its combination with Sprint. This is a step forward in creating the New T-Mobile through which the company will bring robust competition to the 5G era. The New T-Mobile would have about 127 million customers and a strong closing balance sheet. The company has also collaborated with Ericsson and Nokia to accelerate the deployment of a nationwide 5G network. T-Mobile's network expansion strategy continues to be superior to its rivals to outstrip competition. The stock has outperformed the industry in the past year on an average. However, a highly competitive and saturated U.S. wireless market remains a major headwind. Intensifying competition could limit the company's ability to attract and retain customers and may adversely affect its operating results. T-Mobile launched several low-priced service plans, which has enhanced its revenues but not significantly improved the bottom line.”

TMUS has been the subject of a number of other reports. Moffett Nathanson restated a buy rating on shares of T-Mobile Us in a report on Wednesday, October 31st. Macquarie restated a buy rating on shares of T-Mobile Us in a report on Wednesday, November 21st. Guggenheim began coverage on shares of T-Mobile Us in a report on Thursday, November 1st. They set a buy rating for the company. BidaskClub upgraded shares of T-Mobile Us from a hold rating to a buy rating in a report on Friday, September 28th. Finally, KeyCorp set a $76.00 price target on shares of T-Mobile Us and gave the company a buy rating in a report on Thursday, September 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. T-Mobile Us has a consensus rating of Buy and an average target price of $74.50.



T-Mobile Us stock traded up $1.04 during mid-day trading on Thursday, hitting $69.00. 4,177,287 shares of the company’s stock were exchanged, compared to its average volume of 4,505,797. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.85 and a quick ratio of 0.74. The company has a market capitalization of $57.45 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 2.86 and a beta of 0.42. T-Mobile Us has a 1-year low of $55.09 and a 1-year high of $70.94.

T-Mobile Us (NASDAQ:TMUS) last posted its earnings results on Tuesday, October 30th. The Wireless communications provider reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.08. The firm had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.73 billion. T-Mobile Us had a net margin of 11.63% and a return on equity of 11.44%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share. As a group, sell-side analysts anticipate that T-Mobile Us will post 3.33 earnings per share for the current year.

In related news, EVP David R. Carey sold 2,000 shares of the stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $70.01, for a total value of $140,020.00. Following the completion of the sale, the executive vice president now owns 202,851 shares in the company, valued at $14,201,598.51. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO G Michael Sievert sold 10,192 shares of the stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $69.08, for a total transaction of $704,063.36. Following the completion of the sale, the chief operating officer now owns 442,046 shares of the company’s stock, valued at approximately $30,536,537.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,192 shares of company stock valued at $4,355,583. 0.37% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation bought a new stake in shares of T-Mobile Us in the third quarter valued at about $102,000. NEXT Financial Group Inc bought a new stake in shares of T-Mobile Us in the third quarter valued at about $105,000. Stratos Wealth Partners LTD. bought a new stake in shares of T-Mobile Us in the third quarter valued at about $111,000. Arrow Financial Corp bought a new stake in shares of T-Mobile Us in the third quarter valued at about $175,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in shares of T-Mobile Us in the third quarter valued at about $203,000. Institutional investors and hedge funds own 32.83% of the company’s stock.

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 United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 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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