StockNews.com Upgrades T-Mobile US (NASDAQ:TMUS) to Buy

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

Other equities analysts also recently issued research reports about the stock. Bank of America raised their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the company a buy rating in a research note on Monday, June 10th. Citigroup raised their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the company a buy rating in a research note on Monday, March 25th. Benchmark reaffirmed a buy rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, May 29th. Royal Bank of Canada raised their target price on shares of T-Mobile US from $184.00 to $188.00 and gave the company an outperform rating in a research note on Friday, April 26th. Finally, Oppenheimer reaffirmed an outperform rating and set a $190.00 target price on shares of T-Mobile US in a research note on Wednesday, April 3rd. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Buy and an average target price of $190.36.

T-Mobile US Stock Performance

T-Mobile US stock opened at $175.99 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25. The firm has a 50-day moving average of $166.54 and a 200-day moving average of $163.02. The firm 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 has a 1-year low of $129.60 and a 1-year high of $182.67.

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

T-Mobile US Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 1.48%. T-Mobile US’s dividend payout ratio is presently 35.37%.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 189,670 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $160.96, for a total transaction of $30,529,283.20. Following the sale, the director now directly owns 682,940,860 shares in the company, valued at approximately $109,926,160,825.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $163.22, for a total transaction of $489,660.00. Following the sale, the insider now directly owns 125,687 shares in the company, valued at approximately $20,514,632.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Telekom Ag Deutsche sold 189,670 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $160.96, for a total transaction of $30,529,283.20. Following the sale, the director now owns 682,940,860 shares in the company, valued at $109,926,160,825.60. The disclosure for this sale can be found here. Insiders have sold 6,731,610 shares of company stock worth $1,113,131,929 in the last 90 days. 0.67% of the stock is currently owned by insiders.

Institutional Trading of T-Mobile US

Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Wealth Management Group LLC bought a new stake in shares of T-Mobile US in the 4th quarter worth about $27,000. Valley National Advisers Inc. increased its holdings in shares of T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 123 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 75 shares during the last quarter. Baker Avenue Asset Management LP increased its holdings in shares of T-Mobile US by 63.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 81 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC bought a new stake in shares of T-Mobile US in the 4th quarter worth about $34,000. 42.49% of the stock is currently owned by 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.