T-Mobile US (NASDAQ:TMUS) Cut to Sector Perform at Royal Bank of Canada

Royal Bank of Canada downgraded shares of T-Mobile US (NASDAQ:TMUS) from an outperform rating to a sector perform rating in a research note released on Monday morning, Marketbeat.com reports. The firm currently has $240.00 target price on the Wireless communications provider’s stock, down from their prior target price of $255.00.

A number of other equities analysts have also recently weighed in on the company. The Goldman Sachs Group raised their price objective on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Oppenheimer lifted their price target on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Evercore ISI upped their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Tigress Financial boosted their price target on shares of T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Barclays upped their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.74.

T-Mobile US Stock Up 1.5 %

TMUS stock opened at $215.52 on Monday. T-Mobile US has a 1-year low of $158.84 and a 1-year high of $248.15. The stock has a market cap of $250.11 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 1.18 and a beta of 0.56. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company’s 50 day moving average is $230.80 and its 200 day moving average is $208.66.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 EPS. Sell-side analysts predict that T-Mobile US will post 9.38 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.63%. T-Mobile US’s dividend payout ratio is 40.14%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Andre Almeida bought 3,808 shares of T-Mobile US stock in a transaction dated Monday, December 9th. The shares were purchased at an average cost of $235.72 per share, with a total value of $897,621.76. Following the transaction, the director now directly owns 3,808 shares of the company’s stock, valued at $897,621.76. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the transaction, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This trade represents a 40.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,969 shares of company stock worth $46,656,527 over the last 90 days. 0.67% of the stock is owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

A number of institutional investors and hedge funds have recently made changes to their positions in the business. DT Investment Partners LLC grew its stake in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares during the last quarter. Y.D. More Investments Ltd purchased a new stake in shares of T-Mobile US in the second quarter worth $27,000. Dunhill Financial LLC increased its holdings in shares of T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 56 shares in the last quarter. MFA Wealth Advisors LLC raised its position in shares of T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in T-Mobile US in the 3rd quarter worth about $34,000. 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.