T-Mobile US (NASDAQ:TMUS) Stock Rating Upgraded by Redburn Atlantic

T-Mobile US (NASDAQ:TMUS - Get Free Report) was upgraded by research analysts at Redburn Atlantic from a "sell" rating to a "neutral" rating in a research note issued on Monday,Benzinga reports. The brokerage currently has a $228.00 target price on the Wireless communications provider's stock. Redburn Atlantic's target price would suggest a potential downside of 4.05% from the stock's current price.

Several other equities analysts have also commented on TMUS. JPMorgan Chase & Co. raised their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Benchmark reissued a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a report on Monday. UBS Group cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Finally, Royal Bank Of Canada upped their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Friday, March 21st. Fourteen analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus price target of $254.98.

T-Mobile US Stock Performance

NASDAQ:TMUS traded down $3.12 during mid-day trading on Monday, reaching $237.63. 2,957,849 shares of the company's stock were exchanged, compared to its average volume of 4,373,916. T-Mobile US has a one year low of $173.74 and a one year high of $276.49. The firm has a market capitalization of $269.81 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 1.32 and a beta of 0.62. The business's fifty day simple moving average is $238.63 and its two-hundred day simple moving average is $243.47. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same period last year, the firm earned $2.00 earnings per share. T-Mobile US's revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts anticipate that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $237.89, for a total transaction of $16,614,237.60. Following the transaction, the director owned 647,800,524 shares in the company, valued at approximately $154,105,266,654.36. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 628,560 shares of company stock worth $144,455,659. 0.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TMUS. Proficio Capital Partners LLC raised its holdings in shares of T-Mobile US by 42.5% in the fourth quarter. Proficio Capital Partners LLC now owns 2,877 shares of the Wireless communications provider's stock valued at $635,000 after purchasing an additional 858 shares during the last quarter. Inceptionr LLC purchased a new stake in shares of T-Mobile US in the fourth quarter valued at about $296,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of T-Mobile US in the fourth quarter valued at about $803,000. HM Payson & Co. raised its holdings in shares of T-Mobile US by 413.1% in the fourth quarter. HM Payson & Co. now owns 1,293 shares of the Wireless communications provider's stock valued at $285,000 after purchasing an additional 1,041 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its holdings in shares of T-Mobile US by 40.3% in the fourth quarter. Personal CFO Solutions LLC now owns 1,583 shares of the Wireless communications provider's stock valued at $349,000 after purchasing an additional 455 shares during the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.