T-Mobile US (NASDAQ:TMUS) Rating Lowered to “Sell” at Wall Street Zen

T-Mobile US (NASDAQ:TMUS) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

TMUS has been the subject of several other research reports. TD Cowen dropped their target price on shares of T-Mobile US from $263.00 to $252.00 and set a “buy” rating for the company in a report on Thursday, February 12th. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Wells Fargo & Company lifted their price objective on T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Finally, UBS Group reiterated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $257.09.

T-Mobile US Trading Up 1.4%

Shares of TMUS stock opened at $217.39 on Friday. T-Mobile US has a 1-year low of $181.36 and a 1-year high of $272.60. The firm has a market cap of $239.53 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.41 and a beta of 0.42. The company has a 50-day moving average of $204.16 and a two-hundred day moving average of $214.25. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90.

Insider Activity at T-Mobile US

In other T-Mobile US news, CFO Peter Osvaldik sold 27,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total value of $5,801,220.00. Following the completion of the transaction, the chief financial officer owned 51,573 shares of the company’s stock, valued at $11,080,974.78. This trade represents a 34.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Srikant M. Datar sold 3,291 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total value of $727,640.10. Following the sale, the director directly owned 1,038 shares in the company, valued at $229,501.80. This represents a 76.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 694,134 shares of company stock worth $150,847,799 over the last 90 days. 0.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On T-Mobile US

Several large investors have recently bought and sold shares of the stock. Howard Hughes Medical Institute acquired a new position in shares of T-Mobile US during the second quarter worth about $25,000. United Community Bank raised its holdings in T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. Elevation Wealth Partners LLC raised its holdings in T-Mobile US by 190.0% in the third 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. JDM Financial Group LLC lifted its stake in T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 65 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in T-Mobile US during the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Company Profile

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.