T-Mobile US (NASDAQ:TMUS) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of T-Mobile US (NASDAQ:TMUS) from a hold rating to a strong-buy rating in a research note published on Friday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of T-Mobile US in a research note on Friday. Moffett Nathanson raised their price objective on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Cowen reissued a “buy” rating on shares of T-Mobile US in a research note on Friday. TD Cowen dropped their price target on T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Wolfe Research dropped their price target on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $268.22.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $217.77 on Friday. The company has a market capitalization of $243.58 billion, a PE ratio of 20.94, a PEG ratio of 1.48 and a beta of 0.59. T-Mobile US has a 12 month low of $208.39 and a 12 month high of $276.49. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The stock’s fifty day simple moving average is $239.30 and its 200 day simple moving average is $240.52.

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

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is 33.85%.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $226.17, for a total value of $14,571,228.42. Following the sale, the director owned 582,220,759 shares of the company’s stock, valued at approximately $131,680,869,063.03. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 2,319,837 shares of company stock valued at $559,130,799 over the last 90 days. 0.37% of the stock is currently owned by insiders.

Institutional Trading of T-Mobile US

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Horizon Corp acquired a new stake in shares of T-Mobile US in the third quarter valued at about $42,000. Pinnacle Bancorp Inc. increased its position in shares of T-Mobile US by 147.7% in the third quarter. Pinnacle Bancorp Inc. now owns 545 shares of the Wireless communications provider’s stock valued at $130,000 after acquiring an additional 325 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of T-Mobile US by 184.9% in the third quarter. Meeder Asset Management Inc. now owns 302 shares of the Wireless communications provider’s stock valued at $72,000 after acquiring an additional 196 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in T-Mobile US by 6.7% during the third quarter. Citizens Financial Group Inc. RI now owns 61,675 shares of the Wireless communications provider’s stock worth $14,764,000 after purchasing an additional 3,897 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in T-Mobile US by 16.9% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,288 shares of the Wireless communications provider’s stock worth $503,000 after purchasing an additional 331 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

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.