T-Mobile US’s (TMUS) “Buy” Rating Reiterated at UBS Group

UBS Group reissued their buy rating on shares of T-Mobile US (NASDAQ:TMUS) in a research note published on Wednesday,MarketScreener reports.

A number of other brokerages have also weighed in on TMUS. TD Cowen cut their target price on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Wells Fargo & Company upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $250.00 to $260.00 in a research note on Thursday, October 16th. Raymond James Financial raised shares of T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. Scotiabank raised their price target on T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a report on Monday, October 6th. Finally, Rothschild Redb upgraded T-Mobile US to a “hold” rating in a research note on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average target price of $263.71.

T-Mobile US Stock Performance

Shares of TMUS opened at $195.16 on Wednesday. T-Mobile US has a 1 year low of $194.01 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The stock’s fifty day moving average price is $213.74 and its two-hundred day moving average price is $230.71. The firm has a market cap of $218.29 billion, a PE ratio of 18.77, a PEG ratio of 1.25 and a beta of 0.44.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the prior year, the company earned $2.61 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that T-Mobile US will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be given a $1.02 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.08 annualized dividend and a yield of 2.1%. T-Mobile US’s payout ratio is presently 39.23%.

Insider Buying and Selling at T-Mobile US

In other news, Director G Michael Sievert sold 22,500 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the transaction, the director directly owned 308,696 shares of the company’s stock, valued at approximately $66,977,771.12. The trade was a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Srini Gopalan bought 9,800 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the acquisition, the chief executive officer owned 90,258 shares of the company’s stock, valued at $18,215,869.56. This represents a 12.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 1,237,172 shares of company stock worth $284,993,242 over the last ninety days. 0.37% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Stone House Investment Management LLC purchased a new position in shares of T-Mobile US during the first quarter valued at about $29,000. Rathbones Group PLC bought a new stake in T-Mobile US during the 1st quarter valued at approximately $214,000. Prudential PLC grew its holdings in shares of T-Mobile US by 41.0% during the 1st quarter. Prudential PLC now owns 51,887 shares of the Wireless communications provider’s stock worth $13,839,000 after acquiring an additional 15,079 shares during the period. GKV Capital Management Co. Inc. purchased a new position in shares of T-Mobile US during the 1st quarter worth approximately $132,000. Finally, National Pension Service raised its position in shares of T-Mobile US by 4.0% in the 1st quarter. National Pension Service now owns 1,205,680 shares of the Wireless communications provider’s stock worth $321,567,000 after acquiring an additional 46,246 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

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.