T-Mobile US (NASDAQ:TMUS) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of T-Mobile US (NASDAQ:TMUS) from a hold rating to a buy rating in a research report released on Thursday morning.

A number of other equities analysts have also weighed in on the stock. KeyCorp upped their price target on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an overweight rating in a research report on Friday, April 26th. Bank of America upped their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a buy rating in a report on Monday, June 10th. TD Cowen lowered their price objective on T-Mobile US from $204.00 to $202.00 and set a buy rating on the stock in a research report on Friday, April 26th. Royal Bank of Canada increased their target price on T-Mobile US from $184.00 to $188.00 and gave the stock an outperform rating in a research report on Friday, April 26th. Finally, Benchmark reissued a buy rating and issued a $200.00 price target on shares of T-Mobile US in a report on Wednesday, May 29th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Buy and a consensus price target of $190.36.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $175.99 on Thursday. The stock’s fifty day moving average is $166.54 and its 200 day moving average is $162.93. T-Mobile US has a one year low of $129.60 and a one year high of $182.67. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. The stock has a market cap of $206.23 billion, a P/E ratio of 23.94, a P/E/G ratio of 0.68 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.83 by $0.17. The firm had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.58 earnings per share. Sell-side analysts anticipate that T-Mobile US will post 9.02 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.48%. T-Mobile US’s dividend payout ratio (DPR) is currently 35.37%.

Insiders Place Their Bets

In other T-Mobile US news, CAO Dara Bazzano sold 4,300 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total transaction of $773,054.00. Following the sale, the chief accounting officer now directly owns 6,202 shares in the company, valued at $1,114,995.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $173.10, for a total transaction of $23,102,099.10. Following the completion of the transaction, the director now directly owns 671,752,404 shares of the company’s stock, valued at approximately $116,280,341,132.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Dara Bazzano sold 4,300 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $179.78, for a total transaction of $773,054.00. Following the completion of the sale, the chief accounting officer now directly owns 6,202 shares in the company, valued at $1,114,995.56. The disclosure for this sale can be found here. Insiders sold 6,921,280 shares of company stock valued at $1,143,680,180 in the last three months. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently modified their holdings of TMUS. Private Wealth Management Group LLC purchased a new stake in T-Mobile US in the 4th quarter valued at about $27,000. Valley National Advisers Inc. boosted its holdings in shares of T-Mobile US by 232.1% in the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 123 shares during the period. Westside Investment Management Inc. grew its stake in T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 75 shares in the last quarter. Baker Avenue Asset Management LP increased its holdings in T-Mobile US by 63.3% during the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 81 shares during the period. Finally, Bay Harbor Wealth Management LLC bought a new stake in T-Mobile US during the 4th quarter valued at $34,000. 42.49% of the stock is currently owned by hedge funds and other 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 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.