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

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

A number of other brokerages also recently commented on TMUS. Citigroup lifted their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a buy rating in a research note on Monday, March 25th. Oppenheimer restated an outperform rating and set a $190.00 price objective on shares of T-Mobile US in a report on Wednesday, April 3rd. Royal Bank of Canada upped their price objective on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an outperform rating in a research note on Friday, April 26th. Morgan Stanley increased their target price on T-Mobile US from $180.00 to $186.00 and gave the company an overweight rating in a research report on Monday, January 29th. Finally, Benchmark reaffirmed a buy rating and set a $200.00 price objective on shares of T-Mobile US in a research report on Friday, January 26th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Buy and an average price target of $186.33.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded up $1.03 during mid-day trading on Friday, reaching $166.00. 3,722,101 shares of the company’s stock were exchanged, compared to its average volume of 4,302,309. The firm has a 50-day moving average price of $162.60 and a two-hundred day moving average price of $160.02. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The firm has a market capitalization of $194.53 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 0.64 and a beta of 0.48. T-Mobile US has a 52 week low of $124.92 and a 52 week high of $168.64.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. During the same quarter last year, the business posted $1.58 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. Analysts predict that T-Mobile US will post 9.02 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Friday, May 31st. T-Mobile US’s dividend payout ratio is currently 35.37%.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 194,910 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $163.85, for a total value of $31,936,003.50. Following the completion of the transaction, the director now owns 686,227,541 shares in the company, valued at approximately $112,438,382,592.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total value of $984,363.36. Following the sale, the insider now owns 102,555 shares in the company, valued at approximately $17,274,364.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Telekom Ag Deutsche sold 194,910 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $163.85, for a total transaction of $31,936,003.50. Following the transaction, the director now directly owns 686,227,541 shares in the company, valued at $112,438,382,592.85. The disclosure for this sale can be found here. Insiders have sold 6,829,770 shares of company stock worth $1,112,065,505 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

A number of large investors have recently bought and sold shares of TMUS. Financial Counselors Inc. bought a new stake in shares of T-Mobile US in the 3rd quarter valued at about $218,000. Pacer Advisors Inc. raised its stake in T-Mobile US by 31.4% in the fourth quarter. Pacer Advisors Inc. now owns 107,660 shares of the Wireless communications provider’s stock valued at $17,261,000 after purchasing an additional 25,700 shares in the last quarter. Caprock Group LLC grew its stake in shares of T-Mobile US by 105.8% during the fourth quarter. Caprock Group LLC now owns 23,063 shares of the Wireless communications provider’s stock valued at $3,698,000 after buying an additional 11,854 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of T-Mobile US by 41.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 16,185 shares of the Wireless communications provider’s stock worth $2,595,000 after purchasing an additional 4,777 shares during the last quarter. Finally, Cerity Partners LLC raised its position in shares of T-Mobile US by 136.8% in the 4th quarter. Cerity Partners LLC now owns 62,967 shares of the Wireless communications provider’s stock worth $10,096,000 after acquiring an additional 36,374 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

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.