T-Mobile US (NASDAQ:TMUS) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

T-Mobile US, Inc. (NASDAQ:TMUS) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $164.71 and traded as high as $169.26. T-Mobile US shares last traded at $168.71, with a volume of 7,257,438 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TMUS shares. TD Cowen reduced their target price on T-Mobile US from $260.00 to $258.00 and set a “buy” rating for the company in a report on Thursday, October 29th. KeyCorp reduced their price objective on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, October 29th. Wells Fargo & Company decreased their target price on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. UBS Group lowered their target price on T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Finally, Moffett Nathanson boosted their price target on shares of T-Mobile US from $242.00 to $246.00 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $238.25.

T-Mobile US Stock Up 4.1%

The stock’s 50-day moving average price is $164.71 and its two-hundred day moving average price is $186.11. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $178.71 billion, a P/E ratio of 16.28, a P/E/G ratio of 0.92 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.33. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The company had revenue of $23.58 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same quarter in the previous year, the firm posted $2.41 EPS. T-Mobile US’s revenue was up 7.4% on a year-over-year basis. As a group, research analysts expect that T-Mobile US, Inc. will post 11.44 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be given a $1.17 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. This represents a $4.68 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, November 25th. T-Mobile US’s dividend payout ratio (DPR) is 39.38%.

Insider Activity

In other news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the transaction, the chief accounting officer owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This represents a 2.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On T-Mobile US

Several large investors have recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC increased its stake in T-Mobile US by 1.2% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 4,844 shares of the Wireless communications provider’s stock valued at $812,000 after purchasing an additional 56 shares in the last quarter. Heartland Bank & Trust Co lifted its stake in shares of T-Mobile US by 3.5% during the first quarter. Heartland Bank & Trust Co now owns 1,841 shares of the Wireless communications provider’s stock worth $387,000 after buying an additional 62 shares during the period. CGN Advisors LLC lifted its stake in shares of T-Mobile US by 0.6% during the second quarter. CGN Advisors LLC now owns 10,909 shares of the Wireless communications provider’s stock worth $1,830,000 after buying an additional 64 shares during the period. GAMMA Investing LLC grew its holdings in shares of T-Mobile US by 0.5% during the third quarter. GAMMA Investing LLC now owns 12,108 shares of the Wireless communications provider’s stock valued at $1,975,000 after buying an additional 66 shares during the last quarter. Finally, City State Bank grew its holdings in shares of T-Mobile US by 21.7% during the third quarter. City State Bank now owns 382 shares of the Wireless communications provider’s stock valued at $62,000 after buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Company Profile

T-Mobile US, Inc is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network.

The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers.

T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.