T-Mobile US (NASDAQ:TMUS) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of T-Mobile US (NASDAQ:TMUS) in a report published on Monday morning, Marketbeat reports. The firm issued a buy rating and a $200.00 price objective on the Wireless communications provider’s stock.

A number of other research analysts have also weighed in on TMUS. Bank of America increased their price target on T-Mobile US from $175.00 to $195.00 and gave the stock a buy rating in a research note on Monday, June 10th. StockNews.com raised T-Mobile US from a hold rating to a buy rating in a research note on Thursday, June 13th. Citigroup increased their price target on T-Mobile US from $176.00 to $184.00 and gave the stock a buy rating in a research note on Monday, March 25th. 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. Finally, TD Cowen cut their target price on 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. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Buy and a consensus price target of $190.79.

T-Mobile US Stock Performance

TMUS opened at $178.46 on Monday. T-Mobile US has a 1-year low of $131.47 and a 1-year high of $182.67. 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 stock’s 50 day simple moving average is $170.80 and its 200 day simple moving average is $164.95. The stock has a market cap of $209.13 billion, a P/E ratio of 24.28, a P/E/G ratio of 0.70 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) 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 firm had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same quarter in the prior year, the company earned $1.58 EPS. T-Mobile US’s revenue was down .2% on a year-over-year basis. As a group, equities analysts anticipate that T-Mobile US will post 9.01 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.46%. T-Mobile US’s dividend payout ratio is currently 35.37%.

Insider Activity at T-Mobile US

In related news, CAO Dara Bazzano sold 4,300 shares of the stock in a transaction on 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 sale, the chief accounting officer now directly owns 6,202 shares in the company, valued at approximately $1,114,995.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Telekom Ag Deutsche sold 189,670 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $161.20, for a total transaction of $30,574,804.00. Following the completion of the sale, the director now directly owns 680,667,786 shares in the company, valued at $109,723,647,103.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Dara Bazzano sold 4,300 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $179.78, for a total value of $773,054.00. Following the sale, the chief accounting officer now owns 6,202 shares of the company’s stock, valued at $1,114,995.56. The disclosure for this sale can be found here. In the last three months, insiders sold 6,210,160 shares of company stock worth $1,041,105,611. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in T-Mobile US by 3.8% in the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after acquiring an additional 1,667,778 shares during the last quarter. Norges Bank bought a new position in T-Mobile US in the fourth quarter worth about $3,338,708,000. Morgan Stanley lifted its holdings in T-Mobile US by 0.9% in the third quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock worth $1,576,332,000 after acquiring an additional 104,490 shares during the last quarter. Royal Bank of Canada lifted its holdings in T-Mobile US by 7.1% in the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after acquiring an additional 693,443 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in T-Mobile US by 200.0% in the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after acquiring an additional 4,241,877 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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.