T-Mobile US (NASDAQ:TMUS) Downgraded by Raymond James

T-Mobile US (NASDAQ:TMUS) was downgraded by equities researchers at Raymond James from an “outperform” rating to a “market perform” rating in a research note issued on Friday, MarketBeat.com reports.

Several other equities research analysts have also commented on TMUS. Wells Fargo & Company upped their price target on T-Mobile US from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday. Oppenheimer increased their price objective on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday. Evercore ISI lifted their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday. Finally, TD Cowen increased their price target on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a report on Thursday. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $240.17.

T-Mobile US Trading Down 3.1 %

Shares of TMUS stock opened at $226.36 on Friday. T-Mobile US has a 1-year low of $138.42 and a 1-year high of $234.56. The firm’s 50-day simple moving average is $206.12 and its 200-day simple moving average is $185.23. The firm has a market cap of $264.11 billion, a P/E ratio of 28.37, a PEG ratio of 1.15 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. T-Mobile US’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $1.82 EPS. As a group, equities analysts forecast that T-Mobile US will post 9.22 EPS for the current year.

Insider Buying and Selling at T-Mobile US

In other news, insider Jon Freier sold 10,000 shares of the firm’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 transaction of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 162,628 shares in the company, valued at approximately $29,577,154.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Raul Marcelo Claure sold 9,586 shares of T-Mobile US stock in a transaction dated Tuesday, August 20th. The stock was 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 owns 1,940,792 shares of the company’s stock, valued at $382,258,392.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 349,261 shares of company stock valued at $69,411,130 in the last three months. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Several large investors have recently added to or reduced their stakes in the company. Cornerstone Wealth Group LLC raised its holdings in shares of T-Mobile US by 1.3% during the third quarter. Cornerstone Wealth Group LLC now owns 21,774 shares of the Wireless communications provider’s stock worth $4,493,000 after purchasing an additional 273 shares during the period. Pinnacle Associates Ltd. grew its position in shares of T-Mobile US by 3.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 24,494 shares of the Wireless communications provider’s stock valued at $5,055,000 after buying an additional 737 shares during the last quarter. First Trust Direct Indexing L.P. raised its stake in T-Mobile US by 13.1% during the third quarter. First Trust Direct Indexing L.P. now owns 18,593 shares of the Wireless communications provider’s stock worth $3,837,000 after acquiring an additional 2,153 shares during the period. Golden State Equity Partners lifted its holdings in T-Mobile US by 33.2% in the third quarter. Golden State Equity Partners now owns 6,686 shares of the Wireless communications provider’s stock worth $1,380,000 after acquiring an additional 1,665 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. boosted its stake in T-Mobile US by 17.4% in the third quarter. Adams Diversified Equity Fund Inc. now owns 84,500 shares of the Wireless communications provider’s stock valued at $17,437,000 after acquiring an additional 12,500 shares during the period. 42.49% of the stock is currently 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.