T-Mobile US (NASDAQ:TMUS) Lifted to “Hold” at Evercore ISI

Evercore ISI upgraded shares of T-Mobile US (NASDAQ:TMUS) to a hold rating in a report issued on Thursday, Zacks.com reports.

Other research analysts also recently issued reports about the company. KeyCorp upped their price target on T-Mobile US from $175.00 to $185.00 and gave the stock an overweight rating in a research note on Friday, April 26th. StockNews.com raised T-Mobile US from a hold rating to a buy rating in a research note on Tuesday, July 30th. Scotiabank increased their price target on shares of T-Mobile US from $194.50 to $197.00 and gave the company a sector outperform rating in a report on Thursday. The Goldman Sachs Group began coverage on T-Mobile US in a research report on Monday, July 1st. They set a buy rating and a $200.00 price objective on the stock. Finally, Oppenheimer reiterated an outperform rating and issued a $190.00 target price on shares of T-Mobile US in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Buy and an average price target of $196.75.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $188.76 on Thursday. T-Mobile US has a twelve month low of $131.47 and a twelve month high of $193.77. The stock has a market cap of $220.24 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 0.76 and a beta of 0.51. The firm’s fifty day simple moving average is $177.82 and its 200 day simple moving average is $168.07. The company has a quick ratio of 0.86, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same period last year, the company earned $1.86 EPS. T-Mobile US’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, research analysts predict that T-Mobile US will post 9.05 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Insider Buying and Selling

In other news, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction that occurred on 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 transaction, the insider now directly owns 162,628 shares of the company’s stock, valued at $29,577,154.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 162,628 shares in the company, valued at approximately $29,577,154.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the completion of the sale, the insider now owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The disclosure for this sale can be found here. Insiders have sold a total of 3,830,118 shares of company stock valued at $654,898,628 over the last three months. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kornitzer Capital Management Inc. KS bought a new stake in shares of T-Mobile US during the second quarter worth $324,000. First Business Financial Services Inc. boosted its holdings in shares of T-Mobile US by 3.0% in the 2nd quarter. First Business Financial Services Inc. now owns 13,328 shares of the Wireless communications provider’s stock valued at $2,348,000 after buying an additional 392 shares during the last quarter. SouthState Corp bought a new stake in shares of T-Mobile US in the 2nd quarter valued at about $51,000. Chase Investment Counsel Corp increased its holdings in shares of T-Mobile US by 86.3% during the 2nd quarter. Chase Investment Counsel Corp now owns 29,915 shares of the Wireless communications provider’s stock worth $5,452,000 after acquiring an additional 13,857 shares during the last quarter. Finally, TD Asset Management Inc boosted its holdings in shares of T-Mobile US by 5.9% during the 2nd quarter. TD Asset Management Inc now owns 2,294,637 shares of the Wireless communications provider’s stock worth $404,269,000 after buying an additional 128,241 shares during the period. 42.49% of the stock is owned by institutional investors.

T-Mobile US Company Profile

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.