Arete Research Upgrades T-Mobile US (NASDAQ:TMUS) to Strong-Buy

Arete Research upgraded shares of T-Mobile US (NASDAQ:TMUS - Free Report) to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research note on Monday. Benchmark reissued a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Bank of America initiated coverage on T-Mobile US in a report on Monday. They set a "neutral" rating and a $255.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Finally, KeyCorp restated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a report on Wednesday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $252.61.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded down $0.39 during trading hours on Tuesday, hitting $227.76. 3,093,664 shares of the company's stock traded hands, compared to its average volume of 4,103,401. The company's fifty day simple moving average is $237.87 and its two-hundred day simple moving average is $243.50. The company has a market cap of $258.61 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 1.27 and a beta of 0.62. 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 has a 52 week low of $173.74 and a 52 week high of $276.49.

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, topping analysts' consensus estimates of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $2.00 earnings per share. As a group, equities analysts anticipate that T-Mobile US will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $227.55, for a total value of $15,892,092.00. Following the transaction, the director owned 647,381,484 shares in the company, valued at approximately $147,311,656,684.20. 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 link. In the last three months, insiders sold 907,470 shares of company stock worth $209,055,386. 0.37% of the stock is owned by insiders.

Institutional Trading of T-Mobile US

Institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in shares of T-Mobile US by 1.7% in the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock valued at $3,426,407,000 after purchasing an additional 214,224 shares during the last quarter. Geode Capital Management LLC raised its holdings in T-Mobile US by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock valued at $2,610,542,000 after buying an additional 90,755 shares in the last quarter. Invesco Ltd. lifted its position in shares of T-Mobile US by 4.6% in the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after buying an additional 384,956 shares during the last quarter. Norges Bank bought a new stake in shares of T-Mobile US during the 4th quarter worth about $1,802,393,000. Finally, Canada Pension Plan Investment Board increased its holdings in shares of T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock valued at $1,837,399,000 after acquiring an additional 864,030 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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.