T-Mobile US (NASDAQ:TMUS) Earns Buy (B) Rating from Weiss Ratings

Key Points

• T-Mobile US received a reiterated "buy (B)" rating from Weiss Ratings, and several other firms have also increased their price targets, reflecting positive sentiment from analysts.
• The company reported quarterly earnings of $2.41 per share, surpassing estimates, and generated revenues of $21.96 billion, an 8.9% increase year-over-year.
• T-Mobile US shares traded down to $217.77, with a market cap of $245.08 billion and a consensus rating of "Moderate Buy" based on various analysts' assessments.

T-Mobile US (NASDAQ:TMUS - Get Free Report)'s stock had its "buy (b)" rating reiterated by research analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Several other research firms have also commented on TMUS. Benchmark increased their target price on T-Mobile US from $275.00 to $295.00 and gave the company a "buy" rating in a report on Friday, October 10th. Cowen reaffirmed a "buy" rating on shares of T-Mobile US in a report on Friday. Scotiabank raised their price objective on T-Mobile US from $271.50 to $278.00 and gave the stock a "sector outperform" rating in a report on Monday, October 6th. Moffett Nathanson raised their price objective on T-Mobile US from $210.00 to $230.00 and gave the stock a "neutral" rating in a report on Thursday, October 2nd. Finally, Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective on the stock in a report on Monday, July 7th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $268.22.

T-Mobile US Trading Down 1.0%

Shares of TMUS traded down $2.22 during midday trading on Friday, hitting $217.77. 5,881,283 shares of the stock were exchanged, compared to its average volume of 4,541,646. T-Mobile US has a 52-week low of $208.39 and a 52-week high of $276.49. The stock has a fifty day simple moving average of $239.30 and a 200 day simple moving average of $240.66. The firm has a market cap of $245.08 billion, a P/E ratio of 20.94, a P/E/G ratio of 1.51 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 0.89.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.40 by $0.01. The business had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company's revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.61 earnings per share. On average, research analysts anticipate that T-Mobile US will post 10.37 EPS for the current fiscal year.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the transaction, the director owned 636,271,724 shares of the company's stock, valued at $159,621,487,399.88. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 2,389,677 shares of company stock worth $575,795,321 over the last 90 days. Company insiders own 0.37% of the company's stock.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds and other institutional investors have recently made changes to their positions in TMUS. Activest Wealth Management lifted its position in T-Mobile US by 9,400.0% in the first 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. Howard Hughes Medical Institute acquired a new stake in T-Mobile US in the second quarter valued at about $25,000. Missouri Trust & Investment Co grew its stake in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 105 shares during the period. Elevation Wealth Partners LLC grew its stake in shares of T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 76 shares during the period. Finally, Stone House Investment Management LLC acquired a new position in shares of T-Mobile US during the 1st quarter worth $29,000. 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.

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