Scotiabank Downgrades T-Mobile US (NASDAQ:TMUS) to Sector Perform

T-Mobile US (NASDAQ:TMUS) was downgraded by investment analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a research note issued on Friday, Marketbeat reports. They presently have a $236.00 price target on the Wireless communications provider’s stock, up from their previous price target of $215.50. Scotiabank’s price objective suggests a potential upside of 5.73% from the company’s previous close.

TMUS has been the topic of a number of other reports. Oppenheimer upped their price target on shares of T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. TD Cowen upped their target price on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Morgan Stanley raised their price target on T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Raymond James cut T-Mobile US from a “strong-buy” rating to an “outperform” rating and boosted their price target for the company from $208.00 to $221.00 in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada raised their price target on shares of T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, September 27th. One investment analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $217.50.

T-Mobile US Trading Up 0.6 %

NASDAQ:TMUS opened at $223.21 on Friday. The stock has a market cap of $261.57 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51. T-Mobile US has a fifty-two week low of $136.85 and a fifty-two week high of $223.45. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The stock’s 50-day moving average is $203.23 and its two-hundred day moving average is $183.20.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. During the same period in the previous year, the firm posted $1.86 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. As a group, equities research analysts forecast that T-Mobile US will post 9.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Raul Marcelo Claure sold 9,586 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the transaction, the director now owns 1,940,792 shares in the company, valued at approximately $382,258,392.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Raul Marcelo Claure sold 9,586 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $196.96, for a total value of $1,888,058.56. Following the completion of the transaction, the director now owns 1,940,792 shares in the company, valued at approximately $382,258,392.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the sale, the insider now owns 162,628 shares in the company, valued at approximately $29,577,154.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 349,261 shares of company stock worth $69,411,130 in the last ninety days. Insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV raised its stake in shares of T-Mobile US by 7.9% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,482 shares of the Wireless communications provider’s stock worth $242,000 after acquiring an additional 109 shares during the last quarter. Banque Cantonale Vaudoise raised its position in T-Mobile US by 28.2% in the 1st quarter. Banque Cantonale Vaudoise now owns 9,515 shares of the Wireless communications provider’s stock worth $1,553,000 after purchasing an additional 2,091 shares during the last quarter. First Affirmative Financial Network acquired a new position in T-Mobile US during the 1st quarter worth $207,000. MJP Associates Inc. ADV bought a new position in T-Mobile US in the 1st quarter valued at $307,000. Finally, &PARTNERS acquired a new stake in shares of T-Mobile US in the 1st quarter valued at $296,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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.