T-Mobile US (NASDAQ:TMUS) Given Peer Perform Rating at Wolfe Research

Wolfe Research reaffirmed their peer perform rating on shares of T-Mobile US (NASDAQ:TMUS) in a report released on Friday morning, Marketbeat reports.

Several other brokerages have also issued reports on TMUS. Morgan Stanley lowered their target price on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. KeyCorp decreased their price objective on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Royal Bank Of Canada lowered their price objective on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. TD Cowen dropped their price objective on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Finally, DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $252.08.

T-Mobile US Trading Down 0.4%

Shares of TMUS stock opened at $182.61 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The firm has a market cap of $195.88 billion, a P/E ratio of 19.12, a PEG ratio of 1.03 and a beta of 0.33. The company has a 50 day moving average of $181.60 and a 200-day moving average of $194.23. T-Mobile US has a 12-month low of $165.66 and a 12-month high of $261.56.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter in the prior year, the business earned $2.84 earnings per share. T-Mobile US’s revenue for the quarter was up 7.9% on a year-over-year basis. Sell-side analysts anticipate that T-Mobile US will post 10.73 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US’s payout ratio is presently 42.72%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the transaction, the chief operating officer owned 217,168 shares in the company, valued at $41,261,920. This trade represents a 2.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

A number of institutional investors and hedge funds have recently modified their holdings of TMUS. PMV Capital Advisers LLC bought a new position in T-Mobile US in the 2nd quarter valued at $43,000. Jupiter Topco LLC purchased a new stake in shares of T-Mobile US in the second quarter worth $67,724,000. III Capital Management purchased a new stake in shares of T-Mobile US in the second quarter worth $3,788,000. EFG International AG bought a new stake in T-Mobile US during the second quarter valued at $52,000. Finally, Ancora Advisors LLC bought a new stake in T-Mobile US during the second quarter valued at $864,000. 42.49% of the stock is owned by hedge funds and other 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.