T-Mobile US’s (TMUS) “Peer Perform” Rating Reaffirmed at Wolfe Research

T-Mobile US (NASDAQ:TMUS)‘s stock had its “peer perform” rating reissued by analysts at Wolfe Research in a research note issued to investors on Friday,Benzinga reports.

Several other research firms have also recently weighed in on TMUS. Weiss Ratings cut shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Wall Street Zen raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Morgan Stanley lowered their price target on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

T-Mobile US Stock Up 3.5%

NASDAQ TMUS opened at $183.38 on Friday. T-Mobile US has a twelve month low of $165.66 and a twelve month high of $261.56. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The stock has a market cap of $196.71 billion, a PE ratio of 19.20, a PEG ratio of 1.00 and a beta of 0.33. The firm has a 50-day simple moving average of $181.51 and a 200 day simple moving average of $194.31.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.59 by $0.40. The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. T-Mobile US’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.84 EPS. On average, research analysts forecast that T-Mobile US will post 10.73 EPS for the current year.

Insider Buying and Selling at T-Mobile US

In related news, COO Jon Freier sold 4,799 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the transaction, the chief operating officer directly owned 217,168 shares in the company, valued at approximately $41,261,920. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by insiders.

Hedge Funds Weigh In On T-Mobile US

Institutional investors have recently modified their holdings of the business. JDM Financial Group LLC increased its position in shares of T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Main Street Group LTD purchased a new position in T-Mobile US in the first quarter valued at approximately $25,000. Paladin Partners LLC purchased a new stake in T-Mobile US in the second quarter worth $25,000. Dunhill Financial LLC purchased a new position in shares of T-Mobile US during the 2nd quarter valued at $27,000. Finally, Swiss RE Ltd. purchased a new stake in T-Mobile US in the 4th quarter worth about $29,000. 42.49% of the stock is owned by institutional investors.

About T-Mobile US

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.