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

T-Mobile US, Inc. (NASDAQ:TMUSGet Free Report) has received a consensus rating of “Moderate Buy” from the thirty ratings firms that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $260.48.

Several equities analysts have commented on TMUS shares. Royal Bank Of Canada cut their price objective on T-Mobile US from $255.00 to $240.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Wall Street Zen raised T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Arete Research upped their price objective on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, UBS Group reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th.

Check Out Our Latest Stock Analysis on T-Mobile US

T-Mobile US Stock Performance

NASDAQ TMUS opened at $188.19 on Friday. The company has a market cap of $203.66 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.12 and a beta of 0.33. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. The business’s 50 day moving average price is $202.06 and its 200-day moving average price is $203.20. T-Mobile US has a fifty-two week low of $181.36 and a fifty-two week high of $261.56.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.26. The firm had revenue of $23.11 billion for the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.58 EPS. Sell-side analysts predict that T-Mobile US will post 10.65 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s dividend payout ratio is 43.40%.

Insiders Place Their Bets

In other T-Mobile US news, insider Michael J. Katz sold 5,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the sale, the insider directly owned 181,930 shares in the company, valued at approximately $35,623,713.30. This represents a 2.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director G Michael Sievert sold 1,089 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total value of $241,594.65. Following the completion of the sale, the director owned 125,696 shares of the company’s stock, valued at $27,885,657.60. This represents a 0.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 149,134 shares of company stock worth $32,163,349. 0.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

A number of hedge funds have recently made changes to their positions in TMUS. Norges Bank purchased a new stake in shares of T-Mobile US during the 4th quarter worth $1,335,918,000. Price T Rowe Associates Inc. MD increased its holdings in shares of T-Mobile US by 30.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock valued at $5,643,511,000 after purchasing an additional 6,516,968 shares during the period. Wellington Management Group LLP increased its holdings in shares of T-Mobile US by 47.5% in the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after purchasing an additional 4,335,368 shares during the period. Dodge & Cox grew its holdings in T-Mobile US by 65.2% during the fourth quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock worth $1,256,000,000 after acquiring an additional 2,442,450 shares during the period. Finally, Viking Global Investors LP grew its holdings in T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after acquiring an additional 1,279,422 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Key T-Mobile US News

Here are the key news stories impacting T-Mobile US this week:

T-Mobile US Company Profile

(Get Free Report)

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

See Also

Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

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