T-Mobile US (NASDAQ:TMUS) Upgraded by Raymond James Financial to "Hold" Rating

Key Points

• T-Mobile US has been upgraded to a "hold" rating by Raymond James Financial, with a contrasting view from Rothschild & Co, which moved their rating from "sell" to "neutral".
• JPMorgan Chase & Co. raised their price target on T-Mobile shares from $280 to $300, while other analysts set various targets, leaving the average price target at $262.50.
• The company's latest quarterly earnings showed a 6.9% year-over-year revenue increase to $21.13 billion, exceeding analysts' expectations with earnings per share of $2.84.

T-Mobile US (NASDAQ:TMUS - Get Free Report) was upgraded by analysts at Raymond James Financial to a "hold" rating in a note issued to investors on Wednesday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Rothschild & Co Redburn upgraded 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 research note on Monday, July 7th. The Goldman Sachs Group started coverage on shares of T-Mobile US in a report on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price target for the company. JPMorgan Chase & Co. raised their price target on shares of T-Mobile US from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday. Wolfe Research cut their price target on shares of T-Mobile US from $300.00 to $290.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $262.50.

T-Mobile US Stock Performance

Shares of TMUS opened at $230.14 on Wednesday. T-Mobile US has a 52-week low of $206.18 and a 52-week high of $276.49. The stock's 50-day simple moving average is $244.83 and its 200 day simple moving average is $244.31. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The stock has a market capitalization of $259.00 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 1.28 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same period in the prior year, the business posted $2.49 earnings per share. The company's revenue was up 6.9% on a year-over-year basis. Research analysts forecast that T-Mobile US will post 10.37 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 2,584,633 shares of company stock valued at $623,559,263. 0.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in T-Mobile US by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider's stock worth $10,045,252,000 after purchasing an additional 215,711 shares during the period. State Street Corp raised its position in T-Mobile US by 4.5% in the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider's stock worth $5,513,650,000 after purchasing an additional 994,740 shares during the period. Wellington Management Group LLP increased its position in shares of T-Mobile US by 1.7% in the first 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 acquiring an additional 214,224 shares during the period. Canada Pension Plan Investment Board increased its position in shares of T-Mobile US by 14.3% in the first 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 period. Finally, Franklin Resources Inc. increased its position in shares of T-Mobile US by 5.2% in the second quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider's stock valued at $1,500,784,000 after acquiring an additional 309,922 shares during the period. Hedge funds and other institutional investors 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.

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