T-Mobile US (NASDAQ:TMUS) Earns Market Perform Rating from Analysts at Sanford C. Bernstein

Sanford C. Bernstein started coverage on shares of T-Mobile US (NASDAQ:TMUSFree Report) in a report released on Tuesday, MarketBeat.com reports. The firm issued a market perform rating and a $265.00 price target on the Wireless communications provider’s stock.

Several other equities analysts have also commented on the stock. Wells Fargo & Company upped their price objective on shares of T-Mobile US from $230.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Benchmark increased their target price on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Evercore ISI raised 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. UBS Group raised their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays upped their target price on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $245.42.

Get Our Latest Report on TMUS

T-Mobile US Trading Down 0.5 %

Shares of NASDAQ:TMUS opened at $233.27 on Tuesday. The stock’s fifty day moving average price is $229.60 and its 200-day moving average price is $202.22. T-Mobile US has a 1 year low of $153.84 and a 1 year high of $248.15. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The company has a market cap of $270.71 billion, a P/E ratio of 26.60, a PEG ratio of 1.24 and a beta of 0.53.

T-Mobile US (NASDAQ:TMUSGet Free Report) last posted its quarterly earnings results 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 business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.82 EPS. Sell-side analysts expect that T-Mobile US will post 9.38 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Friday, February 28th. T-Mobile US’s payout ratio is currently 40.14%.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the sale, the director now owns 5,021 shares of the company’s stock, valued at $1,241,140.99. This represents a 16.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total transaction of $615,900.00. Following the sale, the insider now directly owns 119,687 shares of the company’s stock, valued at $24,571,741.10. This represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 208,869 shares of company stock worth $47,018,239 in the last 90 days. Insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

A number of hedge funds have recently bought and sold shares of TMUS. Diversified Trust Co increased its holdings in shares of T-Mobile US by 69.5% in the 2nd quarter. Diversified Trust Co now owns 5,808 shares of the Wireless communications provider’s stock valued at $1,023,000 after acquiring an additional 2,381 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of T-Mobile US by 7.4% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 7,950 shares of the Wireless communications provider’s stock worth $1,401,000 after acquiring an additional 550 shares in the last quarter. ORG Partners LLC grew its holdings in shares of T-Mobile US by 5,690.0% in the 2nd quarter. ORG Partners LLC now owns 579 shares of the Wireless communications provider’s stock worth $102,000 after acquiring an additional 569 shares during the period. PGGM Investments acquired a new stake in T-Mobile US in the second quarter valued at $953,000. Finally, Envestnet Portfolio Solutions Inc. grew its stake in T-Mobile US by 10.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 22,646 shares of the Wireless communications provider’s stock valued at $3,990,000 after acquiring an additional 2,208 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

About T-Mobile US

(Get Free Report)

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.

Further Reading

Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

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