T-Mobile US’s (TMUS) “Buy” Rating Reaffirmed at DZ Bank

DZ Bank reiterated their buy rating on shares of T-Mobile US (NASDAQ:TMUS) in a research note published on Tuesday morning,MarketScreener Latest Ratings reports.

Several other brokerages have also issued reports on TMUS. Wells Fargo & Company raised shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $250.00 to $260.00 in a research note on Thursday, October 16th. Wolfe Research cut 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 research note on Tuesday, September 30th. BNP Paribas Exane increased their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. increased their target price on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Finally, Benchmark increased their target price on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $266.63.

T-Mobile US Trading Down 0.3%

NASDAQ:TMUS opened at $219.99 on Tuesday. The firm’s fifty day moving average is $237.85 and its 200-day moving average is $240.03. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. T-Mobile US has a 52 week low of $208.39 and a 52 week high of $276.49. The firm has a market cap of $246.06 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.55 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same period in the prior year, the firm posted $2.61 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts expect that T-Mobile US will post 10.37 earnings per share 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 issued a $1.02 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio is currently 33.85%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 856 shares of the stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $220.03, for a total value of $188,345.68. Following the completion of the sale, the director owned 582,185,182 shares in the company, valued at $128,098,205,595.46. This represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 2,273,274 shares of company stock valued at $547,198,479 in the last three months. Corporate insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Institutional investors have recently added to or reduced their stakes in the stock. Activest Wealth Management boosted its position in T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 94 shares during the period. Howard Hughes Medical Institute bought a new position in T-Mobile US during the second quarter worth about $25,000. Missouri Trust & Investment Co boosted its position in T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares during the period. Elevation Wealth Partners LLC boosted its position in T-Mobile US by 190.0% during the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 76 shares during the period. Finally, Stone House Investment Management LLC bought a new position in T-Mobile US during the first quarter worth about $29,000. 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.