T-Mobile US (NASDAQ:TMUS) Receives “Buy” Rating from Barclays

Barclays reaffirmed their buy rating on shares of T-Mobile US (NASDAQ:TMUS) in a report issued on Tuesday morning,MarketScreener reports.

Several other brokerages also recently weighed in on TMUS. Moffett Nathanson upped their target price on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Oppenheimer lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, November 21st. KeyCorp upgraded T-Mobile US from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 2nd. Wells Fargo & Company raised T-Mobile US from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $250.00 to $260.00 in a research note on Thursday, October 16th. Finally, Morgan Stanley reduced their price target on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.56.

T-Mobile US Trading Down 0.7%

TMUS traded down $1.36 during mid-day trading on Tuesday, hitting $190.66. 5,449,257 shares of the stock were exchanged, compared to its average volume of 4,750,719. The firm’s fifty day moving average is $203.41 and its two-hundred day moving average is $224.98. T-Mobile US has a 1-year low of $188.12 and a 1-year high of $276.49. The company has a market cap of $213.25 billion, a PE ratio of 18.33, a PEG ratio of 1.07 and a beta of 0.45. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The company had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.61 earnings per share. Equities analysts forecast that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a $1.02 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. T-Mobile US’s dividend payout ratio is presently 39.23%.

Insider Activity at T-Mobile US

In related news, insider Michael J. Katz sold 2,500 shares of T-Mobile US stock in a transaction on Monday, November 17th. The shares were sold at an average price of $215.91, for a total transaction of $539,775.00. Following the sale, the insider directly owned 156,203 shares in the company, valued at $33,725,789.73. This trade represents a 1.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director G Michael Sievert sold 22,500 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the transaction, the director owned 308,696 shares of the company’s stock, valued at $66,977,771.12. This represents a 6.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 399,619 shares of company stock valued at $89,390,980. Corporate insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Howard Hughes Medical Institute acquired a new position in shares of T-Mobile US in the 2nd quarter valued at $25,000. United Community Bank increased its stake in T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Elevation Wealth Partners LLC increased its stake in T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 76 shares during the period. Missouri Trust & Investment Co raised its holdings in shares of T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 105 shares during the last quarter. Finally, Aspect Partners LLC boosted its stake in shares of T-Mobile US by 112.1% during the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 65 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 is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.