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

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

Other analysts also recently issued reports about the company. Royal Bank Of Canada boosted their target price on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. KeyCorp reissued an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Tigress Financial boosted their target price on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a report on Monday, July 7th. Finally, UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus target price of $252.61.

T-Mobile US Stock Up 0.2%

NASDAQ TMUS traded up $0.39 during trading on Tuesday, reaching $228.15. 3,116,804 shares of the company's stock were exchanged, compared to its average volume of 4,103,692. The stock has a market cap of $259.05 billion, a P/E 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. The company has a 50 day moving average price of $237.45 and a two-hundred day moving average price of $243.82. T-Mobile US has a 1 year low of $173.74 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. T-Mobile US's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.00 EPS. On average, equities research 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. Investors of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio is currently 34.34%.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company's 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 sale, the director owned 647,381,484 shares in the company, valued at $147,311,656,684.20. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 907,470 shares of company stock valued at $209,055,386. Corporate insiders own 0.37% of the company's stock.

Institutional Investors Weigh In On T-Mobile US

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in T-Mobile US by 1.7% during 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 buying an additional 214,224 shares during the last quarter. Geode Capital Management LLC grew its holdings in T-Mobile US by 0.8% during the 4th 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 during the last quarter. Invesco Ltd. lifted its stake in shares of T-Mobile US by 4.6% during the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after purchasing an additional 384,956 shares during the period. Norges Bank purchased a new position in shares of T-Mobile US during the 4th quarter worth $1,802,393,000. Finally, Canada Pension Plan Investment Board lifted its stake 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 worth $1,837,399,000 after purchasing an additional 864,030 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

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.