T-Mobile US (NASDAQ:TMUS) Stock Rating Upgraded by BNP Paribas

by · The Cerbat Gem

BNP Paribas upgraded shares of T-Mobile US (NASDAQ:TMUS – Free Report) to a strong-buy rating in a report published on Friday morning, Zacks.com reports.

Several other equities research analysts have also recently commented on the stock. KeyCorp raised their target price on shares of T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Scotiabank increased their target price on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their price target on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. boosted their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US has a consensus rating of “Buy” and an average price target of $240.17.

Read Our Latest Analysis on T-Mobile US

T-Mobile US Trading Up 0.6 %

Shares of TMUS opened at $227.81 on Friday. The firm has a fifty day simple moving average of $206.73 and a two-hundred day simple moving average of $186.05. T-Mobile US has a twelve month low of $139.47 and a twelve month high of $234.56. The stock has a market capitalization of $266.96 billion, a P/E ratio of 30.99, a PEG ratio of 1.15 and a beta of 0.51. 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 – Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. T-Mobile US’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.82 EPS. On average, research analysts anticipate that T-Mobile US will post 9.22 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is currently 47.89%.

Insider Buying and Selling at T-Mobile US

In related news, insider Jon Freier sold 10,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the transaction, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares in the company, valued at approximately $29,577,154.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deeanne King sold 15,437 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the sale, the executive vice president now directly owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 349,261 shares of company stock worth $69,411,130 over the last 90 days. 0.67% of the stock is owned by insiders.

Hedge Funds Weigh In On T-Mobile US

Several institutional investors have recently made changes to their positions in TMUS. International Assets Investment Management LLC increased its position in T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after purchasing an additional 248,828 shares during the period. GSA Capital Partners LLP purchased a new position in T-Mobile US during the first quarter valued at approximately $1,908,000. CFO4Life Group LLC bought a new position in T-Mobile US in the first quarter worth approximately $932,000. NewEdge Advisors LLC lifted its holdings in T-Mobile US by 13.6% during the second quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock worth $37,184,000 after buying an additional 25,217 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in T-Mobile US by 26.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock valued at $3,336,000 after acquiring an additional 4,253 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Company Profile

(Get Free Report)

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.

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