T-Mobile US, Inc. (NASDAQ:TMUS) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analyst sentiment is moderately bullish: Thirty analysts give T-Mobile US a consensus “Moderate Buy” rating, including 21 buys, eight holds and one strong buy. The average 12-month price target is $252.08.
• Several major brokerages recently adjusted their targets, generally lowering them while maintaining positive ratings; Bank of America upgraded the stock to “buy.”
• T-Mobile reported quarterly EPS of $2.99, exceeding estimates of $2.59, while revenue rose 7.9% year over year to $22.79 billion. The company also pays a quarterly dividend of $1.02 per share, representing a 2.2% annualized yield.

Shares of T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirty analysts that are presently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $252.08.

Several brokerages recently weighed in on TMUS. Barclays cut their price objective on shares of T-Mobile US from $230.00 to $215.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Bank of America upgraded T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 price objective for the company in a research note on Monday, July 6th. KeyCorp decreased their price target on shares of T-Mobile US from $260.00 to $250.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. Royal Bank Of Canada reduced their price target on T-Mobile US from $240.00 to $230.00 and set an "outperform" rating on the stock in a research report on Monday, July 20th. Finally, UBS Group lowered their price objective on shares of T-Mobile US from $255.00 to $235.00 and set a "buy" rating for the company in a research report on Friday, July 24th.

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. Talon Private Wealth LLC lifted its position in T-Mobile US by 45.3% during the 2nd quarter. Talon Private Wealth LLC now owns 12,563 shares of the Wireless communications provider's stock worth $2,107,000 after buying an additional 3,917 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in T-Mobile US by 21.1% during the second quarter. Sequoia Financial Advisors LLC now owns 22,454 shares of the Wireless communications provider's stock worth $3,766,000 after acquiring an additional 3,916 shares during the last quarter. National Pension Service grew its holdings in T-Mobile US by 2.3% in the 2nd quarter. National Pension Service now owns 1,272,702 shares of the Wireless communications provider's stock valued at $213,470,000 after buying an additional 28,413 shares in the last quarter. Cidel Asset Management Inc. lifted its holdings in shares of T-Mobile US by 21.9% during the second quarter. Cidel Asset Management Inc. now owns 3,875 shares of the Wireless communications provider's stock worth $650,000 after buying an additional 695 shares in the last quarter. Finally, Plimoth Trust Co. LLC lifted its holdings in shares of T-Mobile US by 7.6% during the second quarter. Plimoth Trust Co. LLC now owns 15,925 shares of the Wireless communications provider's stock worth $2,671,000 after buying an additional 1,120 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Trading Up 2.9%

T-Mobile US stock opened at $182.33 on Friday. The firm's 50 day moving average price is $181.92 and its two-hundred day moving average price is $191.22. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a market cap of $195.58 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 1.14 and a beta of 0.34. T-Mobile US has a 1 year low of $165.66 and a 1 year high of $244.24.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.40. The company had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.84 earnings per share. On average, research analysts predict that T-Mobile US will post 10.82 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Friday, August 28th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, August 28th. T-Mobile US's dividend payout ratio is 42.72%.

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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