T-Mobile US, Inc. (NASDAQ:TMUS) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) have been assigned a consensus recommendation of “Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Thirteen analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $190.36.

Several research firms recently weighed in on TMUS. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Thursday. Oppenheimer restated an “outperform” rating and issued a $190.00 price objective on shares of T-Mobile US in a research report on Wednesday, April 3rd. Citigroup upped their price objective on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. TD Cowen decreased their price objective on shares of 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. Finally, 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 report on Friday, April 26th.

T-Mobile US Trading Up 0.5 %

Shares of TMUS opened at $175.99 on Friday. The business’s 50-day moving average price is $166.54 and its 200-day moving average price is $162.93. T-Mobile US has a twelve month low of $129.60 and a twelve month high of $182.67. The stock has a market cap of $206.23 billion, a PE ratio of 23.94, a P/E/G ratio of 0.68 and a beta of 0.50. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25.

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 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 firm had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. During the same period in the prior year, the business posted $1.58 earnings per share. The company’s revenue was down .2% on a year-over-year basis. On average, equities analysts forecast that T-Mobile US will post 9.02 EPS for the current fiscal year.

T-Mobile US Announces Dividend

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

Insider Activity

In other news, Director Telekom Ag Deutsche sold 227,604 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $172.65, for a total transaction of $39,295,830.60. Following the completion of the sale, the director now owns 673,251,489 shares of the company’s stock, valued at $116,236,869,575.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $163.20, for a total transaction of $3,264,000.00. Following the completion of the transaction, the chief executive officer now owns 458,124 shares in the company, valued at $74,765,836.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Telekom Ag Deutsche sold 227,604 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $172.65, for a total value of $39,295,830.60. Following the transaction, the director now owns 673,251,489 shares of the company’s stock, valued at approximately $116,236,869,575.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,921,280 shares of company stock valued at $1,143,680,180. 0.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds and other institutional investors have recently made changes to their positions in TMUS. Private Wealth Management Group LLC bought a new position in shares of T-Mobile US during the fourth quarter valued at approximately $27,000. Valley National Advisers Inc. raised its holdings in 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 worth $28,000 after purchasing an additional 123 shares in the last quarter. Westside Investment Management Inc. raised its holdings 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 raised its holdings in T-Mobile US by 63.3% in the third 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 in the last quarter. Finally, Bay Harbor Wealth Management LLC bought a new position in T-Mobile US in the fourth quarter worth $34,000. Institutional investors 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.