T-Mobile US (NASDAQ:TMUS) Cut to "Hold" at Wall Street Zen

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

TMUS has been the subject of a number of other reports. Barclays increased their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. HSBC cut T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a research report on Wednesday, March 5th. JPMorgan Chase & Co. upped their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Finally, Benchmark reaffirmed a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. Eleven 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 MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $257.68.

T-Mobile US Price Performance

NASDAQ TMUS traded up $0.48 during mid-day trading on Friday, hitting $243.36. The stock had a trading volume of 3,717,359 shares, compared to its average volume of 4,246,486. The company has a 50 day simple moving average of $251.99 and a 200 day simple moving average of $243.82. The company has a market cap of $276.32 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 1.55 and a beta of 0.69. T-Mobile US has a 52-week low of $165.37 and a 52-week high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

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 for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. During the same quarter last year, the firm earned $2.00 earnings per share. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts forecast that T-Mobile US will post 10.37 EPS for the current fiscal year.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On T-Mobile US

Several large investors have recently added to or reduced their stakes in TMUS. Advisors Capital Management LLC grew its position in shares of T-Mobile US by 1.8% during the 1st quarter. Advisors Capital Management LLC now owns 141,669 shares of the Wireless communications provider's stock worth $37,785,000 after buying an additional 2,573 shares in the last quarter. WBI Investments LLC purchased a new stake in T-Mobile US in the 1st quarter worth approximately $551,000. Acadian Asset Management LLC grew its stake in T-Mobile US by 157.1% in the 1st quarter. Acadian Asset Management LLC now owns 1,266,249 shares of the Wireless communications provider's stock valued at $337,687,000 after acquiring an additional 773,730 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of T-Mobile US by 3.1% during the first quarter. Geneos Wealth Management Inc. now owns 8,665 shares of the Wireless communications provider's stock worth $2,311,000 after purchasing an additional 257 shares in the last quarter. Finally, Focus Partners Wealth increased its position in shares of T-Mobile US by 12.7% during the first quarter. Focus Partners Wealth now owns 13,284 shares of the Wireless communications provider's stock worth $3,543,000 after purchasing an additional 1,499 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Company Profile

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.