T-Mobile US (NASDAQ:TMUS) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of T-Mobile US (NASDAQ:TMUS) from a hold rating to a strong sell rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also commented on the stock. Morgan Stanley lowered their price objective on shares of T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They set a “buy” rating and a $286.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Barclays cut their target price on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Finally, DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research note on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $266.63.

T-Mobile US Price Performance

NASDAQ TMUS opened at $215.01 on Monday. T-Mobile US has a 12 month low of $208.39 and a 12 month high of $276.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The firm has a market capitalization of $240.49 billion, a PE ratio of 20.67, a P/E/G ratio of 1.54 and a beta of 0.59. The company’s 50 day simple moving average is $236.97 and its 200 day simple moving average is $239.72.

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 business had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same quarter last year, the business earned $2.61 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities research analysts forecast that T-Mobile US will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders 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 yield of 1.9%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is currently 33.85%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the transaction, the director owned 636,271,724 shares in the company, valued at $159,621,487,399.88. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 2,391,207 shares of company stock worth $573,229,394. Corporate insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Activest Wealth Management boosted its holdings in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 94 shares during the period. Howard Hughes Medical Institute bought a new stake in shares of T-Mobile US during the 2nd quarter worth $25,000. Missouri Trust & Investment Co boosted its holdings in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 105 shares during the period. Elevation Wealth Partners LLC boosted its holdings in shares of T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 76 shares during the period. Finally, Stone House Investment Management LLC bought a new stake in shares of T-Mobile US during the 1st quarter worth $29,000. Institutional investors and hedge funds 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.