T-Mobile US (NASDAQ:TMUS) Upgraded by KeyCorp to “Overweight” Rating

KeyCorp upgraded shares of T-Mobile US (NASDAQ:TMUS) from a sector weight rating to an overweight rating in a report issued on Monday, MarketBeat Ratings reports. They currently have $260.00 price objective on the Wireless communications provider’s stock.

A number of other research firms have also recently issued reports on TMUS. Weiss Ratings reissued a “hold (c+)” rating on shares of T-Mobile US in a research report on Friday. Scotiabank reduced their price objective on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating for the company in a research report on Thursday, February 12th. Citigroup lifted their price objective on T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Royal Bank Of Canada reduced their price objective on T-Mobile US from $270.00 to $255.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Finally, UBS Group reissued a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.91.

T-Mobile US Trading Down 1.7%

T-Mobile US stock opened at $192.43 on Monday. The stock has a market cap of $212.03 billion, a P/E ratio of 19.82, a P/E/G ratio of 1.25 and a beta of 0.43. T-Mobile US has a 12 month low of $181.36 and a 12 month 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 fifty day simple moving average is $210.17 and its 200-day simple moving average is $208.56.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. T-Mobile US’s payout ratio is currently 42.02%.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 3,291 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the completion of the transaction, the director owned 1,038 shares of the company’s stock, valued at approximately $229,501.80. The trade was a 76.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director G Michael Sievert sold 1,089 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $221.85, for a total value of $241,594.65. Following the sale, the director owned 125,696 shares of the company’s stock, valued at approximately $27,885,657.60. The trade was a 0.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 694,134 shares of company stock valued at $150,847,799. 0.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. United Community Bank increased its position in T-Mobile US by 131.1% in 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 period. JDM Financial Group LLC increased its position in T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 65 shares during the period. Elevation Wealth Partners LLC increased its position in 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 worth $28,000 after buying an additional 76 shares during the period. Swiss RE Ltd. bought a new position in T-Mobile US in the 4th quarter worth approximately $29,000. Finally, Turning Point Benefit Group Inc. increased its position in T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after buying an additional 153 shares during the period. 42.49% of the stock is owned by institutional investors.

About T-Mobile US

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.