T-Mobile US (NASDAQ:TMUS) Stock Keeps "Neutral" Rating at Sanford C. Bernstein

Key Points

• Sanford C. Bernstein reaffirmed its “neutral” rating on T-Mobile US, while analysts overall maintain a “Moderate Buy” consensus with an average price target of $249.48.
• T-Mobile shares opened at $165.43, near their one-year low of $161.14 and below both the 50-day and 200-day moving averages.
• The company exceeded quarterly EPS expectations, reporting $2.99 per share versus the $2.59 consensus, while revenue rose 7.9% year over year to $22.79 billion.

T-Mobile US (NASDAQ:TMUS - Get Free Report)'s stock had its "neutral" rating restated by Sanford C. Bernstein in a report issued on Monday.

TMUS has been the subject of a number of other reports. Morgan Stanley decreased their price objective on shares of T-Mobile US from $260.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, July 7th. The Goldman Sachs Group lowered their price objective on T-Mobile US from $230.00 to $211.00 and set a "buy" rating for the company in a research note on Friday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of T-Mobile US in a research report on Friday, September 11th. Bank of America raised shares of T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 price target for the company in a research report on Monday, July 6th. Finally, Wells Fargo & Company dropped their target price on shares of T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating for the company in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and an average target price of $249.48.

T-Mobile US Price Performance

TMUS opened at $165.43 on Monday. The stock has a market capitalization of $177.45 billion, a PE ratio of 17.32, a P/E/G ratio of 1.06 and a beta of 0.34. The company's 50 day simple moving average is $178.60 and its 200 day simple moving average is $187.59. T-Mobile US has a 1 year low of $161.14 and a 1 year high of $240.95. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to analysts' expectations of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.84 EPS. As a group, sell-side analysts expect that T-Mobile US will post 10.82 EPS for the current year.

Insiders Place Their Bets

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the firm's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the sale, the chief accounting officer directly owned 35,118 shares in the company, valued at approximately $6,262,592.94. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On T-Mobile US

Several large investors have recently made changes to their positions in TMUS. BlackRock Inc. acquired a new position in T-Mobile US during the 2nd quarter worth $6,625,275,000. Bank of New York Mellon Corp bought a new position in T-Mobile US during the second quarter valued at about $839,194,000. Bank of America Corp DE bought a new stake in T-Mobile US in the second quarter worth about $758,977,000. Legal & General Group Plc acquired a new stake in T-Mobile US in the 2nd quarter valued at about $583,675,000. Finally, Deutsche Bank AG bought a new position in shares of T-Mobile US during the 2nd quarter valued at about $349,928,000. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Company Profile

T-Mobile US, Inc NASDAQ: TMUS is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.

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