T-Mobile US (NASDAQ:TMUS) Sets New 1-Year Low Following Analyst Downgrade

T-Mobile US, Inc. (NASDAQ:TMUS)’s share price hit a new 52-week low during trading on Friday after Scotiabank lowered their price target on the stock from $217.00 to $212.00. Scotiabank currently has a sector outperform rating on the stock. T-Mobile US traded as low as $158.60 and last traded at $154.7610, with a volume of 194674 shares trading hands. The stock had previously closed at $171.31.

Several other brokerages have also recently issued reports on TMUS. KeyCorp decreased their price objective on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Wolfe Research restated a “peer perform” rating on shares of T-Mobile US in a research report on Friday, August 14th. Royal Bank Of Canada decreased their price target on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Barclays lowered their price objective on shares of T-Mobile US from $215.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. Finally, Morgan Stanley reduced their target price on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $247.64.

Insider Buying and Selling at T-Mobile US

In related news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the transaction, the chief accounting officer directly owned 35,118 shares in the company, valued at approximately $6,262,592.94. This represents a 2.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TMUS. Legacy Wealth Asset Management LLC purchased a new position in shares of T-Mobile US during the third quarter worth approximately $759,000. Stableford Capital II LLC boosted its holdings in shares of T-Mobile US by 2.5% in the third quarter. Stableford Capital II LLC now owns 10,724 shares of the Wireless communications provider’s stock valued at $1,749,000 after purchasing an additional 257 shares during the period. GAMMA Investing LLC grew its stake in T-Mobile US by 0.5% in the third quarter. GAMMA Investing LLC now owns 12,108 shares of the Wireless communications provider’s stock worth $1,975,000 after purchasing an additional 66 shares in the last quarter. Davis Capital Management grew its stake in T-Mobile US by 80.9% in the third quarter. Davis Capital Management now owns 3,350 shares of the Wireless communications provider’s stock worth $546,000 after purchasing an additional 1,498 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in T-Mobile US by 27.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 24,469 shares of the Wireless communications provider’s stock worth $3,990,000 after purchasing an additional 5,250 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a fifty day simple moving average of $175.51 and a 200 day simple moving average of $184.59. The company has a market capitalization of $167.73 billion, a PE ratio of 16.35, a P/E/G ratio of 1.05 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter last year, the firm posted $2.84 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts anticipate that T-Mobile US, Inc. will post 11.09 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be paid a dividend of $1.17 per share. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. The ex-dividend date is Wednesday, November 25th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 3.0%. T-Mobile US’s dividend payout ratio (DPR) is currently 49.01%.

About T-Mobile US

T-Mobile US, Inc is a wireless communications company that provides mobile voice, messaging, and data services to consumers, businesses, and government customers in the United States. Its offerings include wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.