T-Mobile US (NASDAQ:TMUS) Downgraded by KeyCorp to “Sector Weight”

KeyCorp downgraded shares of T-Mobile US (NASDAQ:TMUS) from an overweight rating to a sector weight rating in a research note published on Thursday morning, Marketbeat Ratings reports. KeyCorp currently has $252.00 target price on the Wireless communications provider’s stock.

Other research analysts have also issued reports about the company. UBS Group raised their price target on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley raised their target price on T-Mobile US from $209.00 to $239.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Barclays increased their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $245.42.

T-Mobile US Stock Performance

T-Mobile US stock opened at $231.94 on Thursday. The company has a market cap of $269.16 billion, a PE ratio of 26.45, a PEG ratio of 1.20 and a beta of 0.53. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US has a 1 year low of $153.84 and a 1 year high of $248.15. The company’s 50-day moving average is $230.57 and its two-hundred day moving average is $203.14.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same period in the prior year, the business posted $1.82 earnings per share. T-Mobile US’s revenue was up 4.7% compared to the same quarter last year. Equities analysts anticipate that T-Mobile US will post 9.38 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, February 28th. T-Mobile US’s payout ratio is 40.14%.

Insider Buying and Selling at T-Mobile US

In other news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the transaction, the insider now owns 119,687 shares of the company’s stock, valued at $24,571,741.10. This trade represents a 2.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 208,869 shares of company stock worth $47,018,239. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

A number of institutional investors have recently bought and sold shares of the business. DT Investment Partners LLC lifted its position in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 47 shares during the last quarter. Summit Securities Group LLC acquired a new stake in T-Mobile US during the 2nd quarter valued at $27,000. Y.D. More Investments Ltd acquired a new position in shares of T-Mobile US in the second quarter valued at $27,000. Dunhill Financial LLC raised its position in shares of T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 56 shares during the period. Finally, MFA Wealth Advisors LLC lifted its stake in shares of T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 77 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

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.