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

Sanford C. Bernstein initiated coverage on shares of T-Mobile US (NASDAQ:TMUS) in a research note released on Tuesday, MarketBeat reports. The brokerage issued a market perform rating and a $265.00 target price on the Wireless communications provider’s stock.

A number of other research firms also recently issued reports on TMUS. Raymond James downgraded T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Daiwa America upgraded T-Mobile US to a “hold” rating in a report on Friday, October 25th. Evercore ISI boosted their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada upped their target price on T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $245.42.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $233.27 on Tuesday. T-Mobile US has a fifty-two week low of $153.84 and a fifty-two week high of $248.15. The company has a market cap of $270.71 billion, a PE ratio of 26.60, a P/E/G ratio of 1.24 and a beta of 0.53. The firm has a 50-day simple moving average of $229.60 and a 200 day simple moving average of $202.22. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 earnings per share. On average, sell-side analysts anticipate that T-Mobile US will post 9.38 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders 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 of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Insider Activity

In other news, 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 transaction, the insider now directly owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. The trade was a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Raul Marcelo Claure sold 110,000 shares of T-Mobile US stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the transaction, the director now owns 1,441,204 shares of the company’s stock, valued at approximately $323,262,057.20. The trade was a 7.09 % 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 valued at $47,018,239 in the last ninety days. Insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

A number of hedge funds have recently modified their holdings of the business. KPP Advisory Services LLC grew its position in T-Mobile US by 2.6% in the 3rd quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock worth $360,000 after purchasing an additional 45 shares during the last quarter. DT Investment Partners LLC raised its position 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 valued at $25,000 after acquiring an additional 47 shares during the period. Old North State Trust LLC increased its holdings in shares of T-Mobile US by 1.4% in the third quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider’s stock worth $751,000 after acquiring an additional 50 shares in the last quarter. Davis Investment Partners LLC raised its position in T-Mobile US by 0.6% in the 3rd quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock valued at $1,711,000 after buying an additional 51 shares during the last quarter. Finally, Barden Capital Management Inc. grew its stake in T-Mobile US by 0.8% in the third quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock valued at $1,408,000 after purchasing an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Company Profile

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.