Wall Street Zen Downgrades T-Mobile US (NASDAQ:TMUS) to Hold

Wall Street Zen downgraded shares of T-Mobile US (NASDAQ:TMUS - Free Report) from a buy rating to a hold rating in a report released on Saturday morning.

Several other equities analysts have also commented on the stock. Tigress Financial increased their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Benchmark restated a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. JPMorgan Chase & Co. lifted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $257.68.

T-Mobile US Trading Down 0.9%

Shares of TMUS traded down $2.21 during trading hours on Friday, reaching $239.30. 3,127,368 shares of the company traded hands, compared to its average volume of 4,221,291. The firm has a market cap of $271.71 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 1.55 and a beta of 0.69. T-Mobile US has a 12-month low of $168.47 and a 12-month high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock's fifty day moving average price is $251.04 and its 200 day moving average price is $243.81.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. During the same period in the prior year, the business earned $2.00 EPS. The firm's quarterly revenue was up 6.6% on a year-over-year basis. Sell-side analysts forecast that T-Mobile US will post 10.37 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares of the company's stock, valued at approximately $865,533. This represents a 18.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.37% of the stock is owned by insiders.

Institutional Investors Weigh In On T-Mobile US

Several hedge funds have recently made changes to their positions in TMUS. Barclays PLC increased its stake in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after purchasing an additional 876,182 shares during the last quarter. Tallon Kerry Patrick acquired a new stake in T-Mobile US in the 4th quarter valued at about $2,138,000. Daymark Wealth Partners LLC acquired a new stake in shares of T-Mobile US during the 4th quarter worth approximately $210,000. Mutual Advisors LLC grew its position in shares of T-Mobile US by 0.8% during the 4th quarter. Mutual Advisors LLC now owns 8,999 shares of the Wireless communications provider's stock worth $1,942,000 after buying an additional 71 shares during the period. Finally, Avior Wealth Management LLC lifted its stake in T-Mobile US by 76.3% in the fourth quarter. Avior Wealth Management LLC now owns 3,414 shares of the Wireless communications provider's stock valued at $754,000 after buying an additional 1,478 shares in the last quarter. Hedge funds and other institutional investors 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.