T-Mobile US Inc (TMUS) is Downgraded by Nomura to Neutral

T-Mobile US Inc (TMUS) was Downgraded by Nomura to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Nomura advised their investors in a research report released on Jun 24, 2016.

Many Wall Street Analysts have commented on T-Mobile US Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 47 from a previous price target of $44 .Company shares were Reiterated by Barclays on Apr 18, 2016 to “Overweight”, Firm has raised the Price Target to $ 49 from a previous price target of $45 .T-Mobile US Inc was Initiated by Macquarie to “Neutral” on Apr 5, 2016.

On the company’s financial health, T-Mobile US Inc reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.46 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.10. The company had revenue of $8600.00 million for the quarter, compared to analysts expectations of $8459.27 million. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

T-Mobile US Inc opened for trading at $42.22 and hit $43.0498 on the upside on Tuesday, eventually ending the session at $42.92, with a gain of 1.51% or 0.64 points. The heightened volatility saw the trading volume jump to 22,90,544 shares. Company has a market cap of $35,288 M.

In a different news, on Jun 10, 2016, Neville R Ray (EVP & Chief Technology Officer) sold 6,945 shares at $44.00 per share price. According to the SEC, on Jun 7, 2016, J Braxton Ii Carter (EVP & CFO) sold 10,000 shares at $43.75 per share price. On Jun 7, 2016, W Michael Barnes (director) sold 42,000 shares at $43.57 per share price, according to the Form-4 filing with the securities and exchange commission.

T-Mobile US Inc

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