T-Mobile US (NASDAQ:TMUS) Shares Gap Down - Time to Sell?

T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $266.63, but opened at $258.80. T-Mobile US shares last traded at $256.46, with a volume of 665,984 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TMUS shares. Barclays upped their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. HSBC downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research note on Wednesday, March 5th. Oppenheimer upped their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Evercore ISI raised shares of T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Tigress Financial reissued a "buy" 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 given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $254.10.

T-Mobile US Price Performance

The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The stock's 50-day moving average is $242.14 and its 200 day moving average is $227.74. The stock has a market capitalization of $291.84 billion, a PE ratio of 26.43, a P/E/G ratio of 1.55 and a beta of 0.64.

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T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio is currently 36.40%.

Insider Buying and Selling

In other news, Director Letitia A. Long sold 1,100 shares of the firm's stock in a transaction 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 approximately $1,306,295.24. This trade represents a 16.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares of the company's stock, valued at $865,533. This trade represents a 18.15 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Institutional Trading of T-Mobile US

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rakuten Securities Inc. lifted its stake in shares of T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 62 shares during the period. Dunhill Financial LLC lifted its stake in shares of T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 56 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US in the fourth quarter valued at about $28,000. Financial Life Planners acquired a new stake in shares of T-Mobile US in the fourth quarter valued at about $29,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of T-Mobile US in the third quarter valued at about $34,000. Institutional investors and hedge funds own 42.49% of the company's stock.

About T-Mobile US

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.