T-Mobile US (NASDAQ:TMUS) Stock Rating Upgraded by Redburn Atlantic

T-Mobile US (NASDAQ:TMUS) was upgraded by stock analysts at Redburn Atlantic from a “strong sell” rating to a “hold” rating in a report issued on Monday, Marketbeat.com reports. The brokerage currently has a $228.00 price objective on the Wireless communications provider’s stock. Redburn Atlantic’s price target suggests a potential downside of 3.38% from the company’s previous close.

Several other equities analysts have also commented on TMUS. Citigroup lowered shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective on the stock. in a report on Friday, March 14th. Wall Street Zen cut T-Mobile US from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Tigress Financial boosted their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. UBS Group lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th. Fourteen analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $254.98.

T-Mobile US Trading Down 0.7%

Shares of TMUS stock opened at $235.97 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35. T-Mobile US has a twelve month low of $173.74 and a twelve month high of $276.49. The company’s 50-day moving average price is $238.54 and its 200-day moving average price is $243.53. The stock has a market cap of $267.93 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 1.10 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.00 EPS. As a group, equities analysts predict that T-Mobile US will post 10.37 earnings per share for the current year.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares of the company’s stock, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 698,400 shares of company stock worth $161,083,166 over the last three months. 0.37% of the stock is owned by company insiders.

Institutional Trading of T-Mobile US

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Activest Wealth Management lifted its position in T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 94 shares during the period. Godsey & Gibb Inc. raised its stake in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 60 shares in the last quarter. Stone House Investment Management LLC purchased a new position in shares of T-Mobile US during the 1st quarter worth approximately $29,000. TCTC Holdings LLC lifted its holdings in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after buying an additional 77 shares during the period. Finally, Rakuten Securities Inc. boosted its stake in shares of T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 62 shares in the last quarter. Hedge funds and other 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.