T-Mobile US (NASDAQ:TMUS) Downgraded by Wall Street Zen to "Hold"

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

A number of other analysts have also commented on the stock. Hsbc Global Res lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Citigroup lowered shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective on the stock. in a research report on Friday, March 14th. Oppenheimer boosted their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Royal Bank of Canada upped their target price on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, March 21st. Finally, Tigress Financial raised their target price on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus target price of $257.68.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded down $1.55 during trading on Friday, reaching $241.81. The company had a trading volume of 984,237 shares, compared to its average volume of 4,233,812. The stock has a market capitalization of $274.56 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US has a 12 month low of $165.37 and a 12 month high of $276.49. The company has a fifty day moving average of $251.72 and a two-hundred day moving average of $243.82.

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

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction on Wednesday, March 5th. The stock was 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 in the company, valued at $865,533. This represents a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Activest Wealth Management lifted its stake in shares of T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 94 shares during the period. Godsey & Gibb Inc. boosted its position in shares of T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 60 shares during the last quarter. Stone House Investment Management LLC bought a new position in T-Mobile US during the 1st quarter valued at about $29,000. TCTC Holdings LLC boosted its holdings in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after acquiring an additional 77 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its position in T-Mobile US by 93.9% during 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. 42.49% of the stock is currently owned by hedge funds and other 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.