T-Mobile US (NASDAQ:TMUS) Upgraded to "Sector Outperform" at Scotiabank

Scotiabank upgraded shares of T-Mobile US (NASDAQ:TMUS - Free Report) from a sector perform rating to a sector outperform rating in a research report released on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has $277.50 price objective on the Wireless communications provider's stock, up from their prior price objective of $275.00.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Bank of America lifted their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Evercore ISI raised shares of T-Mobile US to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, Tigress Financial increased their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $257.68.

T-Mobile US Price Performance

Shares of TMUS stock traded up $1.88 on Wednesday, reaching $248.88. The company's stock had a trading volume of 2,801,071 shares, compared to its average volume of 4,248,879. The company has a market capitalization of $282.89 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The stock's fifty day simple moving average is $258.13 and its 200-day simple moving average is $241.61. 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 1 year low of $161.61 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same period in the previous year, the firm posted $2.00 EPS. The business's quarterly revenue was up 6.6% on a year-over-year basis. Analysts forecast that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.41%. T-Mobile US's dividend payout ratio is currently 34.34%.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the business'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 transaction, the director now owns 3,291 shares of the company's stock, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.67% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TMUS. Godsey & Gibb Inc. raised its holdings in T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares in the last quarter. Rakuten Securities Inc. grew its position in shares of T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 62 shares during the last quarter. CoreFirst Bank & Trust bought a new position in shares of T-Mobile US during the 4th quarter worth approximately $28,000. Financial Life Planners purchased a new stake in T-Mobile US during the fourth quarter valued at approximately $29,000. Finally, City Holding Co. lifted its position in T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 43 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other 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.