T-Mobile US (NASDAQ:TMUS) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of T-Mobile US (NASDAQ:TMUS) in a research report report published on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $286.00 target price on the Wireless communications provider’s stock.

A number of other brokerages also recently weighed in on TMUS. KeyCorp reiterated an “underweight” rating and issued a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Morgan Stanley lifted their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Bank of America began coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a “neutral” rating and a $255.00 price target for the company. Finally, Wall Street Zen downgraded T-Mobile US from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.02.

T-Mobile US Stock Up 1.5%

NASDAQ:TMUS opened at $255.89 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US has a 12-month low of $192.61 and a 12-month high of $276.49. The stock’s fifty day simple moving average is $241.82 and its 200-day simple moving average is $247.77. The firm has a market capitalization of $287.98 billion, a P/E ratio of 24.14, a P/E/G ratio of 1.38 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the prior year, the company posted $2.49 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. Equities research analysts expect that T-Mobile US will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. T-Mobile US’s dividend payout ratio (DPR) is presently 33.21%.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $251.12, for a total value of $627,800.00. Following the sale, the insider owned 158,703 shares in the company, valued at approximately $39,853,497.36. The trade was a 1.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $251.23, for a total transaction of $17,545,903.20. Following the transaction, the director directly owned 635,503,484 shares of the company’s stock, valued at $159,657,540,285.32. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,418,410 shares of company stock valued at $575,342,737. 0.37% of the stock is owned by insiders.

Institutional Investors Weigh In On T-Mobile US

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Evolution Wealth Management Inc. acquired a new position in shares of T-Mobile US during the 2nd quarter worth approximately $74,000. Centaurus Financial Inc. increased its holdings in T-Mobile US by 246.1% during the second quarter. Centaurus Financial Inc. now owns 4,330 shares of the Wireless communications provider’s stock worth $1,032,000 after buying an additional 3,079 shares during the last quarter. Lavaca Capital LLC increased its holdings in T-Mobile US by 71.9% during the second quarter. Lavaca Capital LLC now owns 239 shares of the Wireless communications provider’s stock worth $57,000 after buying an additional 100 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its position in T-Mobile US by 35.0% during the second quarter. China Universal Asset Management Co. Ltd. now owns 38,080 shares of the Wireless communications provider’s stock worth $9,073,000 after acquiring an additional 9,880 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in T-Mobile US by 5.4% in the second quarter. Orion Porfolio Solutions LLC now owns 28,127 shares of the Wireless communications provider’s stock valued at $6,701,000 after acquiring an additional 1,451 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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.