T-Mobile US (NASDAQ:TMUS) Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of T-Mobile US (NASDAQ:TMUS) from a buy rating to a hold rating in a research report report published on Wednesday.

Other equities research analysts also recently issued reports about the stock. Bank of America upped their price objective on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a buy rating in a research report on Monday, June 10th. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research report on Monday. They issued a buy rating and a $200.00 price objective for the company. Benchmark reaffirmed a buy rating and issued a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, May 29th. Citigroup upped their price objective on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a buy rating in a research report on Monday, March 25th. Finally, KeyCorp upped their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an overweight rating in a research report on Friday, April 26th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Buy and an average target price of $190.79.

T-Mobile US Trading Down 0.8 %

NASDAQ:TMUS opened at $178.46 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The firm has a 50-day moving average of $170.51 and a 200-day moving average of $164.86. The company has a market cap of $209.13 billion, a PE ratio of 24.28, a PEG ratio of 0.69 and a beta of 0.51. T-Mobile US has a one year low of $131.47 and a one year high of $182.67.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.83 by $0.17. The company had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.58 earnings per share. As a group, equities research analysts expect that T-Mobile US will post 9.01 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s payout ratio is currently 35.37%.

Insider Activity at T-Mobile US

In related news, CAO Dara Bazzano sold 4,300 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total transaction of $773,054.00. Following the sale, the chief accounting officer now directly owns 6,202 shares in the company, valued at approximately $1,114,995.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other T-Mobile US news, CAO Dara Bazzano sold 4,300 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total value of $773,054.00. Following the sale, the chief accounting officer now directly owns 6,202 shares in the company, valued at approximately $1,114,995.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $177.59, for a total transaction of $532,770.00. Following the completion of the sale, the insider now owns 122,687 shares in the company, valued at $21,787,984.33. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,399,830 shares of company stock worth $1,071,720,246. 0.67% of the stock is owned by corporate insiders.

Institutional Trading of T-Mobile US

Several institutional investors and hedge funds have recently bought and sold shares of TMUS. Private Wealth Management Group LLC bought a new position in shares of T-Mobile US in the 4th quarter worth $27,000. Valley National Advisers Inc. increased its holdings in shares of T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 123 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 75 shares during the last quarter. Baker Avenue Asset Management LP increased its holdings in shares of T-Mobile US by 63.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 81 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC bought a new position in shares of T-Mobile US in the 4th quarter worth $34,000. 42.49% of the stock is currently 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.