T-Mobile US, Inc. (NASDAQ:TMUS) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) have received a consensus recommendation of “Moderate Buy” from the twenty-three ratings firms that are presently covering the company, Marketbeat reports. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $257.68.

A number of equities research analysts recently commented on TMUS shares. Citigroup downgraded T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price on the stock. in a research report on Friday, March 14th. Scotiabank upgraded T-Mobile US from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Benchmark reissued a “buy” rating and issued a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. Finally, Wall Street Zen cut shares of T-Mobile US from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $230.90 on Thursday. The company has a market capitalization of $262.17 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 1.27 and a beta of 0.64. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. The stock’s 50-day simple moving average is $241.15 and its 200-day simple moving average is $242.77. T-Mobile US has a 52 week low of $173.74 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same period in the prior year, the company posted $2.00 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, analysts expect that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, August 29th. T-Mobile US’s dividend payout ratio is presently 34.34%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction on Monday, June 16th. The stock was sold at an average price of $230.16, for a total transaction of $16,074,374.40. Following the transaction, the director now directly owns 588,274,099 shares in the company, valued at $135,397,166,625.84. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 419,040 shares of company stock worth $94,880,434 in the last 90 days. 0.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On T-Mobile US

Several institutional investors have recently made changes to their positions in TMUS. Tallon Kerry Patrick purchased a new position in T-Mobile US during the 4th quarter valued at about $2,138,000. Van ECK Associates Corp lifted its holdings in T-Mobile US by 3.1% during the fourth quarter. Van ECK Associates Corp now owns 20,855 shares of the Wireless communications provider’s stock worth $4,603,000 after buying an additional 625 shares during the period. Highview Capital Management LLC DE boosted its position in T-Mobile US by 1.2% during the 4th quarter. Highview Capital Management LLC DE now owns 16,253 shares of the Wireless communications provider’s stock valued at $3,588,000 after acquiring an additional 192 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in shares of T-Mobile US by 13.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 17,005 shares of the Wireless communications provider’s stock valued at $3,754,000 after acquiring an additional 1,950 shares during the period. Finally, Kestra Investment Management LLC bought a new position in shares of T-Mobile US in the 4th quarter worth $50,000. Hedge funds and other 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.