T-Mobile US (NASDAQ:TMUS) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of T-Mobile US (NASDAQ:TMUS) to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other analysts also recently weighed in on the stock. Moffett Nathanson increased their target price on shares of T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of T-Mobile US from $280.00 to $300.00 in a research report on Thursday. Wolfe Research dropped their target price on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday. Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, The Goldman Sachs Group initiated coverage on T-Mobile US in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $262.50.

T-Mobile US Price Performance

TMUS stock opened at $230.27 on Wednesday. The company has a market capitalization of $259.15 billion, a P/E ratio of 21.72, a PEG ratio of 1.27 and a beta of 0.59. The company has a fifty day moving average price of $244.56 and a 200-day moving average price of $244.10. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US has a 52-week low of $206.18 and a 52-week high of $276.49.

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

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is 38.49%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $239.54, for a total transaction of $15,432,604.04. Following the transaction, the director directly owned 634,112,640 shares of the company’s stock, valued at approximately $151,895,341,785.60. This represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 2,584,633 shares of company stock valued at $623,559,263. Insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in T-Mobile US during the 2nd quarter valued at about $1,477,780,000. Nuveen LLC bought a new position in shares of T-Mobile US in the first quarter valued at approximately $618,248,000. Marshall Wace LLP boosted its position in shares of T-Mobile US by 2,303.2% during the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock valued at $428,174,000 after buying an additional 1,878,654 shares during the last quarter. Viking Global Investors LP boosted its position in shares of T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after buying an additional 1,279,422 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in T-Mobile US by 518.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock worth $329,733,000 after buying an additional 1,160,275 shares in the last quarter. Institutional investors and hedge funds 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.