T-Mobile US (NASDAQ:TMUS) Downgraded by StockNews.com

StockNews.com cut shares of T-Mobile US (NASDAQ:TMUS) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

A number of other research firms also recently weighed in on TMUS. Bank of America increased their target price on T-Mobile US from $175.00 to $195.00 and gave the company a buy rating in a report on Monday, June 10th. 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. Benchmark reiterated a buy rating and set a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, May 29th. TD Cowen cut their target price on T-Mobile US from $204.00 to $202.00 and set a buy rating for the company in a research report on Friday, April 26th. Finally, Citigroup raised their price target on T-Mobile US from $176.00 to $184.00 and gave the company a buy rating in a report on Monday, March 25th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Buy and a consensus price target of $190.79.

T-Mobile US Trading Up 0.4 %

NASDAQ TMUS opened at $179.24 on Wednesday. T-Mobile US has a 12 month low of $131.47 and a 12 month high of $182.67. The stock has a market cap of $210.04 billion, a P/E ratio of 24.39, a P/E/G ratio of 0.70 and a beta of 0.51. The stock’s fifty day moving average price is $171.09 and its 200-day moving average price is $165.05. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The company had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. During the same period last year, the firm posted $1.58 earnings per share. T-Mobile US’s revenue was down .2% compared to the same quarter last year. As a group, equities analysts forecast that T-Mobile US will post 9.01 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.45%. T-Mobile US’s dividend payout ratio (DPR) is 35.37%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 170,903 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the transaction, the director now directly owns 680,306,713 shares in the company, valued at approximately $108,815,058,744.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Telekom Ag Deutsche sold 170,903 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $159.95, for a total value of $27,335,934.85. Following the completion of the transaction, the director now owns 680,306,713 shares of the company’s stock, valued at approximately $108,815,058,744.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Dara Bazzano sold 4,300 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $179.78, for a total value of $773,054.00. Following the completion of the transaction, the chief accounting officer now directly owns 6,202 shares of the company’s stock, valued at approximately $1,114,995.56. The disclosure for this sale can be found here. Insiders have sold a total of 6,210,160 shares of company stock worth $1,041,105,611 in the last ninety days. 0.67% of the stock is owned by insiders.

Institutional Investors Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC grew its stake in shares of T-Mobile US by 46.9% in the third quarter. Lazard Asset Management LLC now owns 19,126 shares of the Wireless communications provider’s stock valued at $2,678,000 after buying an additional 6,110 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in T-Mobile US by 26.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,797 shares of the Wireless communications provider’s stock worth $1,372,000 after buying an additional 2,022 shares during the last quarter. Axxcess Wealth Management LLC purchased a new stake in T-Mobile US during the 3rd quarter worth about $443,000. Evergreen Capital Management LLC lifted its holdings in T-Mobile US by 65.1% during the 3rd quarter. Evergreen Capital Management LLC now owns 3,376 shares of the Wireless communications provider’s stock worth $473,000 after buying an additional 1,331 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of T-Mobile US by 0.7% in the 3rd quarter. Royal London Asset Management Ltd. now owns 212,342 shares of the Wireless communications provider’s stock valued at $29,732,000 after purchasing an additional 1,504 shares during the last quarter. Institutional investors and hedge funds own 42.49% 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 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.