Wright Investors Service Inc. Purchases New Shares in T-Mobile US, Inc. (NASDAQ:TMUS)

Wright Investors Service Inc. purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,046 shares of the Wireless communications provider's stock, valued at approximately $546,000.

Several other hedge funds have also recently modified their holdings of the business. Rakuten Securities Inc. raised its stake in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 62 shares in the last quarter. CoreFirst Bank & Trust bought a new position in shares of T-Mobile US during the 4th quarter worth approximately $28,000. Financial Life Planners bought a new position in shares of T-Mobile US during the 4th quarter worth approximately $29,000. Adirondack Trust Co. raised its stake in shares of T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 110 shares in the last quarter. Finally, Pinney & Scofield Inc. acquired a new position in T-Mobile US during the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on TMUS shares. Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. UBS Group lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Royal Bank of Canada increased their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Finally, Hsbc Global Res lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $257.68.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded up $2.40 on Thursday, reaching $244.36. The company's stock had a trading volume of 1,364,297 shares, compared to its average volume of 4,162,370. The stock's 50-day moving average is $249.38 and its two-hundred day moving average is $243.93. T-Mobile US, Inc. has a 52-week low of $171.18 and a 52-week high of $276.49. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The stock has a market capitalization of $277.46 billion, a P/E ratio of 25.27, a PEG ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same quarter in the prior year, the business earned $2.00 earnings per share. The business's quarterly revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

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 customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.