T-Mobile US (NASDAQ:TMUS) Rating Lowered to Outperform at Raymond James

T-Mobile US (NASDAQ:TMUS) was downgraded by equities research analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a report issued on Wednesday, MarketBeat.com reports. They presently have a $221.00 price target on the Wireless communications provider’s stock, up from their prior price target of $208.00. Raymond James’ target price would suggest a potential upside of 6.23% from the company’s current price.

Other analysts also recently issued reports about the company. Tigress Financial upped their price objective on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a research report on Monday, July 1st. They issued a “buy” rating and a $200.00 price objective on the stock. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Citigroup lifted their target price on shares of T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Benchmark raised their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Nineteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $216.36.

T-Mobile US Stock Down 0.0 %

Shares of NASDAQ TMUS opened at $208.03 on Wednesday. The stock has a market cap of $243.78 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. T-Mobile US has a 52-week low of $135.82 and a 52-week high of $209.26. The business has a 50-day moving average price of $196.80 and a 200 day moving average price of $178.99. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same period in the previous year, the company posted $1.86 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts forecast that T-Mobile US will post 9.13 earnings per share for the current year.

Insider Activity

In other news, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the sale, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the transaction, the director now owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the sale, the insider now directly owns 162,628 shares of the company’s stock, valued at $29,577,154.36. The disclosure for this sale can be found here. Insiders sold a total of 306,492 shares of company stock valued at $60,161,906 over the last 90 days. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

A number of institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in shares of T-Mobile US by 30.2% during the 4th quarter. Jones Financial Companies Lllp now owns 746 shares of the Wireless communications provider’s stock worth $120,000 after purchasing an additional 173 shares during the period. Belpointe Asset Management LLC grew its stake in T-Mobile US by 4.9% during the fourth quarter. Belpointe Asset Management LLC now owns 3,988 shares of the Wireless communications provider’s stock worth $639,000 after buying an additional 187 shares during the period. Blueshift Asset Management LLC acquired a new stake in shares of T-Mobile US in the fourth quarter worth $353,000. First Trust Advisors LP raised its stake in shares of T-Mobile US by 120.5% in the 4th quarter. First Trust Advisors LP now owns 756,053 shares of the Wireless communications provider’s stock valued at $121,218,000 after acquiring an additional 413,163 shares during the period. Finally, Capital International Investors lifted its holdings in shares of T-Mobile US by 27.1% during the 4th quarter. Capital International Investors now owns 2,660,314 shares of the Wireless communications provider’s stock valued at $426,528,000 after acquiring an additional 567,390 shares in the last quarter. Hedge funds and other institutional investors 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.