T-Mobile US, Inc. (NASDAQ:TMUS) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• T-Mobile US has received an average recommendation of "Moderate Buy" from 30 analysts, with one sell rating, twelve hold ratings, fourteen buy ratings, and three strong buy ratings.
• The company reported quarterly earnings of $2.84 EPS, surpassing estimates, with revenues totaling $21.13 billion, reflecting a 6.9% year-over-year increase.
• T-Mobile US has declared a quarterly dividend of $1.02 per share, marking an increase from the previous $0.88, giving it an annual yield of 1.8%.

T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirty analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $266.1667.

A number of equities analysts have commented on the stock. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Rothschild Redb upgraded shares of T-Mobile US to a "hold" rating in a research report on Tuesday, September 30th. Wells Fargo & Company upgraded shares of T-Mobile US from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $250.00 to $260.00 in a research report on Thursday, October 16th. Raymond James Financial upgraded shares of T-Mobile US to a "hold" rating in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of T-Mobile US from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, September 30th.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $229.08 on Wednesday. The firm has a market cap of $257.81 billion, a P/E ratio of 21.61, a price-to-earnings-growth ratio of 1.58 and a beta of 0.59. T-Mobile US has a twelve month low of $208.39 and a twelve month high of $276.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The firm's 50-day simple moving average is $241.11 and its 200-day simple moving average is $241.13.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.49 earnings per share. As a group, research analysts expect that T-Mobile US will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. This is an increase from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US's payout ratio is currently 38.49%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $228.85, for a total transaction of $14,743,890.10. Following the sale, the director directly owned 627,524,343 shares of the company's stock, valued at $143,608,945,895.55. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 2,402,091 shares of company stock worth $580,083,496 over the last quarter. 0.37% of the stock is owned by corporate insiders.

Institutional Trading of T-Mobile US

Several hedge funds have recently modified their holdings of TMUS. Norges Bank bought a new stake in shares of T-Mobile US during the second quarter worth approximately $1,477,780,000. Nuveen LLC bought a new stake in shares of T-Mobile US during the first quarter worth approximately $618,248,000. Marshall Wace LLP raised its stake in shares of T-Mobile US by 2,303.2% during the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider's stock worth $428,174,000 after buying an additional 1,878,654 shares during the last quarter. Viking Global Investors LP raised its stake in shares of T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider's stock worth $677,925,000 after buying an additional 1,279,422 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of T-Mobile US by 518.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider's stock worth $329,733,000 after buying an additional 1,160,275 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

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.

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