Hsbc Global Res lowered shares of T-Mobile US (NASDAQ:TMUS - Free Report) from a strong-buy rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.
Several other equities research analysts also recently issued reports on the company. Bank of America increased their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Scotiabank upped their price objective on T-Mobile US from $247.00 to $275.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. Morgan Stanley initiated coverage on T-Mobile US in a research report on Monday, December 16th. They set an "overweight" rating and a $280.00 price objective for the company. KeyCorp cut T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price objective for the company. in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average price target of $254.10.
Read Our Latest Report on T-Mobile US
T-Mobile US Trading Up 0.9 %
Shares of T-Mobile US stock traded up $2.29 during trading hours on Wednesday, hitting $265.24. The company's stock had a trading volume of 3,289,580 shares, compared to its average volume of 3,992,415. T-Mobile US has a 12 month low of $158.84 and a 12 month high of $276.49. The stock has a 50 day moving average of $239.80 and a 200 day moving average of $226.42. The company has a market capitalization of $302.84 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Analysts predict that T-Mobile US will post 10.37 earnings per share for the current year.
T-Mobile US Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.33%. T-Mobile US's dividend payout ratio is 36.40%.
Insider Buying and Selling at T-Mobile US
In other T-Mobile US news, Director Andre Almeida acquired 3,808 shares of the company's stock in a transaction on Monday, December 9th. The shares were purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the purchase, the director now directly owns 3,808 shares of the company's stock, valued at approximately $897,621.76. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the sale, the director now owns 5,653 shares in the company, valued at $1,306,295.24. This represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.
Hedge Funds Weigh In On T-Mobile US
A number of large investors have recently made changes to their positions in the company. Ancora Advisors LLC increased its stake in shares of T-Mobile US by 16.6% during the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock worth $57,000 after purchasing an additional 37 shares during the period. Snowden Capital Advisors LLC increased its stake in shares of T-Mobile US by 0.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock worth $1,411,000 after purchasing an additional 40 shares during the period. Signaturefd LLC increased its stake in shares of T-Mobile US by 0.4% during the fourth quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock worth $2,499,000 after purchasing an additional 41 shares during the period. Continuum Advisory LLC increased its stake in shares of T-Mobile US by 0.7% during the fourth quarter. Continuum Advisory LLC now owns 6,069 shares of the Wireless communications provider's stock worth $1,340,000 after purchasing an additional 43 shares during the period. Finally, JSF Financial LLC increased its stake in shares of T-Mobile US by 0.9% during the fourth quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider's stock worth $1,117,000 after purchasing an additional 44 shares during the period. Institutional investors own 42.49% of the company's stock.
About T-Mobile US
(
Get Free Report)
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.
Featured Stories
Before you consider T-Mobile US, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and T-Mobile US wasn't on the list.
While T-Mobile US currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
