T-Mobile US (NASDAQ:TMUS) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of T-Mobile US (NASDAQ:TMUSFree Report) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other equities analysts also recently issued reports on TMUS. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. TD Cowen raised their price target on T-Mobile US from $252.00 to $261.00 and gave the stock a “buy” rating in a research note on Wednesday. Moffett Nathanson upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price target on the stock in a research note on Wednesday, April 8th. Scotiabank dropped their price target on T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating on the stock in a research note on Wednesday. Finally, Benchmark restated a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $258.83.

Check Out Our Latest Report on T-Mobile US

T-Mobile US Stock Up 0.3%

T-Mobile US stock opened at $196.06 on Friday. The firm has a market cap of $212.18 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.20 and a beta of 0.33. The stock has a fifty day simple moving average of $206.12 and a two-hundred day simple moving average of $205.26. T-Mobile US has a 12 month low of $181.36 and a 12 month high of $261.56. The company has a current ratio of 1.09, a quick ratio of 0.90 and a debt-to-equity ratio of 1.58.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The firm had revenue of $23.11 billion for the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the business posted $2.58 EPS. Equities analysts predict that T-Mobile US will post 10.66 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, May 29th. This represents a $4.08 annualized dividend and a yield of 2.1%. T-Mobile US’s payout ratio is 43.40%.

Insider Activity at T-Mobile US

In related news, Director G Michael Sievert sold 80,000 shares of T-Mobile US stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the transaction, the director directly owned 140,696 shares in the company, valued at approximately $30,241,198.24. The trade was a 36.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Srikant M. Datar sold 3,291 shares of T-Mobile US stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total value of $727,640.10. Following the transaction, the director owned 1,038 shares in the company, valued at $229,501.80. This trade represents a 76.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 694,134 shares of company stock valued at $150,847,799 in the last ninety days. Corporate insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Several institutional investors and hedge funds have recently bought and sold shares of TMUS. United Community Bank lifted its position in T-Mobile US by 131.1% during the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 59 shares in the last quarter. JDM Financial Group LLC lifted its position in shares of T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Swiss RE Ltd. purchased a new position in shares of T-Mobile US in the fourth quarter valued at about $29,000. Turning Point Benefit Group Inc. lifted its position in shares of T-Mobile US by 3,825.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after acquiring an additional 153 shares in the last quarter. Finally, Sachetta LLC lifted its position in shares of T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after acquiring an additional 55 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

T-Mobile US Company Profile

(Get Free Report)

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

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