T-Mobile US (NASDAQ:TMUS) Sets New 52-Week Low After Analyst Downgrade

T-Mobile US, Inc. (NASDAQ:TMUS) hit a new 52-week low during mid-day trading on Tuesday after Argus lowered their price target on the stock from $275.00 to $245.00. Argus currently has a buy rating on the stock. T-Mobile US traded as low as $199.17 and last traded at $201.3650, with a volume of 2875106 shares changing hands. The stock had previously closed at $204.44.

A number of other analysts have also recently commented on the company. Morgan Stanley lowered their price target on T-Mobile US from $285.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Barclays decreased their price objective on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, October 24th. Raymond James Financial upgraded shares of T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. Tigress Financial boosted their price target on shares of T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, Benchmark raised their price objective on 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 research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $266.00.

Insider Buying and Selling at T-Mobile US

In other news, Director Letitia A. Long sold 1,457 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $210.32, for a total value of $306,436.24. Following the sale, the director directly owned 5,438 shares in the company, valued at $1,143,720.16. The trade was a 21.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Srini Gopalan acquired 9,800 shares of T-Mobile US stock in a transaction dated Thursday, November 6th. The shares were purchased at an average cost of $201.82 per share, with a total value of $1,977,836.00. Following the completion of the transaction, the chief executive officer directly owned 90,258 shares of the company’s stock, valued at $18,215,869.56. This trade represents a 12.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 1,301,598 shares of company stock valued at $300,561,785 over the last quarter. 0.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On T-Mobile US

Institutional investors have recently bought and sold shares of the company. Activest Wealth Management lifted its position in shares of 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 worth $25,000 after purchasing an additional 94 shares in the last quarter. Howard Hughes Medical Institute bought a new stake in T-Mobile US during the 2nd quarter worth about $25,000. United Community Bank boosted its stake in shares of T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 59 shares during the last quarter. Stone House Investment Management LLC acquired a new position in shares of T-Mobile US during the 1st quarter worth about $29,000. Finally, Elevation Wealth Partners LLC grew its holdings in shares of T-Mobile US by 190.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 1.5%

The firm has a market cap of $225.21 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 1.31 and a beta of 0.44. 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 business has a 50-day moving average of $215.90 and a 200-day moving average of $231.54.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same quarter in the previous year, the firm earned $2.61 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio is 39.23%.

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.