T-Mobile US (NASDAQ:TMUS) Lowered to Sell Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded T-Mobile US (TMUS) from a "hold" to a "sell" in a report issued Saturday.
• Despite that downgrade, the analyst consensus remains a "Moderate Buy" with an average price target of $257.09, and many major firms continue to carry Buy ratings though some have trimmed targets.
• There has been significant insider selling recently — insiders sold 694,134 shares worth about $150.85 million in the past 90 days, including G. Michael Sievert's sale of 80,000 shares (~$17.2M) and Srikant M. Datar's sale of 3,291 shares.

T-Mobile US (NASDAQ:TMUS - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

TMUS has been the subject of several other reports. JPMorgan Chase & Co. restated a "buy" rating on shares of T-Mobile US in a research note on Thursday, February 12th. DZ Bank reissued a "buy" rating on shares of T-Mobile US in a report on Friday, February 13th. UBS Group restated a "buy" rating on shares of T-Mobile US in a research report on Thursday, February 12th. Argus cut their target price on shares of T-Mobile US from $275.00 to $245.00 and set a "buy" rating for the company in a research note on Tuesday, December 9th. Finally, TD Cowen reduced their price target on shares of T-Mobile US from $263.00 to $252.00 and set a "buy" rating on the stock in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $257.09.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $217.39 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. T-Mobile US has a 12-month low of $181.36 and a 12-month high of $272.60. The stock has a 50-day moving average price of $204.16 and a 200 day moving average price of $214.76. The stock has a market capitalization of $239.53 billion, a P/E ratio of 22.39, a P/E/G ratio of 1.39 and a beta of 0.43.

Insider Activity

In other news, Director Srikant M. Datar sold 3,291 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the completion of the transaction, the director directly owned 1,038 shares in the company, valued at approximately $229,501.80. This represents a 76.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director G Michael Sievert sold 80,000 shares of the business's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the completion of the sale, the director owned 140,696 shares in the company, valued at $30,241,198.24. This represents a 36.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On T-Mobile US

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bailard Inc. grew its position in T-Mobile US by 6.2% in the second quarter. Bailard Inc. now owns 2,406 shares of the Wireless communications provider's stock worth $573,000 after acquiring an additional 140 shares in the last quarter. Foundations Investment Advisors LLC raised its position in T-Mobile US by 259.1% during the second quarter. Foundations Investment Advisors LLC now owns 10,026 shares of the Wireless communications provider's stock valued at $2,389,000 after purchasing an additional 7,234 shares during the period. Empower Advisory Group LLC lifted its stake in shares of T-Mobile US by 5.8% in the 2nd quarter. Empower Advisory Group LLC now owns 309,419 shares of the Wireless communications provider's stock valued at $73,722,000 after purchasing an additional 16,878 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of T-Mobile US by 6.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 116,959 shares of the Wireless communications provider's stock worth $27,867,000 after purchasing an additional 7,296 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of T-Mobile US by 8.7% in the 2nd quarter. Cetera Investment Advisers now owns 128,772 shares of the Wireless communications provider's stock worth $30,681,000 after purchasing an additional 10,260 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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