T-Mobile US (NASDAQ:TMUS) Downgraded by Raymond James to “Outperform”

T-Mobile US (NASDAQ:TMUS) was downgraded by investment analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a research report issued on Wednesday, Briefing.com reports. They presently have a $221.00 price target on the Wireless communications provider’s stock, up from their previous price target of $208.00. Raymond James’ target price would indicate a potential upside of 7.23% from the stock’s previous close.

TMUS has been the topic of several other reports. The Goldman Sachs Group initiated coverage on T-Mobile US in a report on Monday, July 1st. They set a “buy” rating and a $200.00 target price on the stock. Barclays raised their price objective on shares of T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. increased their price objective on T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Bank of America increased their price target on T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Finally, Citigroup boosted their target price on shares of T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Nineteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $216.36.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $206.10 on Wednesday. The firm’s 50-day simple moving average is $195.52 and its 200 day simple moving average is $178.59. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The stock has a market cap of $241.52 billion, a P/E ratio of 28.04, a P/E/G ratio of 1.07 and a beta of 0.51. T-Mobile US has a fifty-two week low of $135.82 and a fifty-two week high of $208.16.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. The company had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.86 EPS. Equities analysts expect that T-Mobile US will post 9.13 EPS for the current year.

Insider Buying and Selling

In related news, Director Raul Marcelo Claure sold 9,586 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $196.96, for a total value of $1,888,058.56. Following the completion of the transaction, the director now directly owns 1,940,792 shares of the company’s stock, valued at approximately $382,258,392.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Raul Marcelo Claure sold 9,586 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the sale, the director now owns 1,940,792 shares in the company, valued at approximately $382,258,392.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 303,492 shares of company stock valued at $59,546,006. 0.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

Institutional investors and hedge funds have recently bought and sold shares of the business. Sei Investments Co. grew its holdings in shares of T-Mobile US by 3.1% during the 4th quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock worth $29,574,000 after acquiring an additional 5,552 shares during the period. GSA Capital Partners LLP bought a new position in T-Mobile US in the 1st quarter worth about $1,908,000. Cardinal Capital Management Inc. purchased a new stake in T-Mobile US during the 4th quarter valued at about $29,962,000. CFO4Life Group LLC purchased a new position in T-Mobile US in the first quarter worth about $932,000. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of T-Mobile US by 26.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock valued at $3,336,000 after buying an additional 4,253 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

About T-Mobile US

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.