T-Mobile US (NASDAQ:TMUS) Upgraded by Moffett Nathanson to Buy Rating

Moffett Nathanson upgraded shares of T-Mobile US (NASDAQ:TMUSFree Report) from a neutral rating to a buy rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has $254.00 price target on the Wireless communications provider’s stock.

A number of other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Wall Street Zen lowered shares of T-Mobile US from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a report on Thursday, February 19th. Weiss Ratings downgraded shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Royal Bank Of Canada dropped their target price on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $258.30.

Read Our Latest Research Report on TMUS

T-Mobile US Price Performance

T-Mobile US stock opened at $197.63 on Wednesday. The firm has a market cap of $217.76 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.32 and a beta of 0.43. T-Mobile US has a 52-week low of $181.36 and a 52-week high of $267.96. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The company’s 50 day moving average is $210.09 and its two-hundred day moving average is $209.67.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be paid a $1.02 dividend. The ex-dividend date is Friday, May 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. T-Mobile US’s dividend payout ratio (DPR) is 42.02%.

Insider Transactions at T-Mobile US

In related news, insider Mark Wolfe Nelson sold 2,329 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $222.38, for a total value of $517,923.02. Following the completion of the sale, the insider owned 65,677 shares in the company, valued at $14,605,251.26. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Srikant M. Datar sold 3,291 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total transaction of $727,640.10. Following the completion of the sale, the director owned 1,038 shares of the company’s stock, valued at $229,501.80. This trade represents a 76.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 694,134 shares of company stock valued at $150,847,799. 0.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of T-Mobile US by 1.5% in the third quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock valued at $10,244,764,000 after buying an additional 636,192 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of T-Mobile US by 30.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock valued at $5,643,511,000 after buying an additional 6,516,968 shares during the last quarter. State Street Corp raised its position in shares of T-Mobile US by 4.3% in the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock valued at $5,133,198,000 after buying an additional 1,047,624 shares during the last quarter. Capital International Investors raised its position in shares of T-Mobile US by 8.2% in the fourth quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock valued at $3,014,754,000 after buying an additional 1,121,409 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in T-Mobile US by 47.5% during the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after purchasing an additional 4,335,368 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Key Headlines Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

T-Mobile US Company Profile

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T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

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