Mobile US Inc (TMUS) Lowered to Hold at Deutsche Bank AG

Marco Green
September 27, 2017

BlackRock Inc. now owns 13,832,340 shares of the Wireless communications provider's stock valued at $893,431,000 after purchasing an additional 13,494,802 shares during the last quarter. T-Mobile US, Inc. (NASDAQ:TMUS), at its latest closing price of $62.89, it has a price-to-book ratio of 0.00, compared to an industry average at 0.56.

Several other institutional investors also recently bought and sold shares of TMUS. Public Employees Retirement System of OH now owns 228,794 shares of the Wireless communications provider's stock worth $13,869,000 after buying an additional 32,243 shares during the period. Public Employees Retirement Association of Colorado now owns 58,413 shares of the Wireless communications provider's stock valued at $3,541,000 after acquiring an additional 198 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in T-Mobile US by 0.3% in the 2nd quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider's stock worth $115,000 after purchasing an additional 1,786 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of T-Mobile US during the 2nd quarter worth $565,000. Hedge funds and other institutional investors own 34.77% of the company's stock. Three months ago, analysts assigned TMUS a 4.50 rating, which implies that analysts have become more pessimistic about the outlook for the stock over the next year. Royal Bank Of Canada reiterated a "buy" rating and set a $76.00 target price on shares of T-Mobile US in a research note on Friday, June 2nd. Barclays PLC reissued an "overweight" rating and set a $73.00 price target (up from $70.00) on shares of T-Mobile US in a research report on Saturday, July 22nd. Drexel Hamilton initiated coverage on T-Mobile US in a research report on Thursday, June 8th. They set a buy rating and a $80.00 target price for the company. BidaskClub downgraded T-Mobile US from a "buy" rating to a "hold" rating in a report on Friday, June 16th. William Blair reissued a buy rating on shares of T-Mobile US in a research note on Saturday, July 22nd. Analysts have a mean recommendation of 3.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). T-Mobile US presently has a consensus rating of "Buy" and a consensus target price of $70.15.

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T-Mobile US, Inc. (NASDAQ:TMUS) recorded a trading volume of 5.99 million shares, above its 90-day volume average of 3.66 million shares.

T-Mobile US, Inc. (NASDAQ:TMUS) touched its 1-Year High price of $68.88 on 05/02/17 and its 1-Year Low price of $44.91 on 10/07/16. Over the last five days, shares have managed 1.76% gains and now is up 0.35% since hitting its 200-day moving average of $63.85. According to today's trading volume T-Mobile US, Inc.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. The share price has moved backward from its 20 days moving average, trading at a distance of -0.72% and stays -0.33% away from its 50 days moving average.

T-Mobile US (NASDAQ:TMUS) traded up 0.22% during trading on Tuesday, reaching $63.03. The Wireless communications provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.29.

Analysts expect T-Mobile US, Inc. The business earned $10.20 billion during the quarter, compared to the consensus estimate of $9.84 billion. During the same period in the prior year, the company posted $0.25 EPS. The business's quarterly revenue was up 23.4% on a year-over-year basis.

T-Mobile is a national provider of mobile communications services. The company operates in the Communication Services sector with a market capitalization of 51.72 Million.

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