T-Mobile US (NASDAQ:TMUS) Stock Rating Upgraded by StockNews.com

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

Several other equities analysts have also recently weighed in on 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 boosted their price objective on shares of T-Mobile US from $184.00 to $210.00 and gave the stock a buy rating in a research note on Friday, July 19th. KeyCorp raised their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the company an overweight rating in a research note on Friday, April 26th. Deutsche Bank Aktiengesellschaft boosted their price target on T-Mobile US from $185.00 to $200.00 and gave the stock a buy rating in a research report on Thursday, July 18th. Finally, TD Cowen cut their price objective on T-Mobile US from $204.00 to $202.00 and set a buy rating for the company in a research report on Friday, April 26th. Sixteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Buy and an average target price of $196.75.

T-Mobile US Stock Up 0.9 %

T-Mobile US stock opened at $188.76 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25. T-Mobile US has a 1-year low of $131.47 and a 1-year high of $193.77. The company has a fifty day simple moving average of $177.82 and a 200 day simple moving average of $168.01. The company has a market cap of $221.20 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. The business had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a return on equity of 14.81% and a net margin of 11.95%. T-Mobile US’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 earnings per share. Research analysts anticipate that T-Mobile US will post 8.99 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s dividend payout ratio is presently 35.37%.

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $162.43, for a total transaction of $30,808,098.10. Following the completion of the transaction, the director now owns 676,969,021 shares of the company’s stock, valued at $109,960,078,081.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $162.43, for a total transaction of $30,808,098.10. Following the completion of the transaction, the director now directly owns 676,969,021 shares in the company, valued at $109,960,078,081.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Dara Bazzano sold 4,300 shares of the firm’s stock in a transaction on 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 directly owns 6,202 shares in the company, valued at approximately $1,114,995.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,019,788 shares of company stock worth $685,706,726. Insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Compton Wealth Advisory Group LLC boosted its holdings in T-Mobile US by 0.4% in the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock valued at $2,644,000 after acquiring an additional 56 shares during the last quarter. Anfield Capital Management LLC boosted its stake in shares of T-Mobile US by 18.7% in the 2nd quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock valued at $64,000 after purchasing an additional 57 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in shares of T-Mobile US by 22.6% during the second quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock worth $55,000 after buying an additional 58 shares during the period. OLD National Bancorp IN raised its stake in T-Mobile US by 1.9% during the fourth quarter. OLD National Bancorp IN now owns 3,356 shares of the Wireless communications provider’s stock worth $538,000 after buying an additional 62 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in T-Mobile US by 2.3% in the first quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock valued at $464,000 after buying an additional 64 shares during the period. Institutional investors own 42.49% of the company’s stock.

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.