T-Mobile US, Inc. (NASDAQ:TMUS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) have been given an average rating of “Moderate Buy” by the thirty ratings firms that are presently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $252.08.

Several equities research analysts have recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Scotiabank dropped their target price on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a research report on Wednesday, July 15th. Barclays cut their target price on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research note on Monday, July 6th.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $182.62 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. T-Mobile US has a twelve month low of $165.66 and a twelve month high of $258.66. The business has a 50-day moving average price of $181.29 and a 200-day moving average price of $193.87. The firm has a market cap of $195.89 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter last year, the company earned $2.84 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts predict that T-Mobile US will post 10.73 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US’s payout ratio is 42.72%.

Institutional Investors Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently made changes to their positions in TMUS. California State Teachers Retirement System lifted its holdings in T-Mobile US by 16,067.4% during the 2nd quarter. California State Teachers Retirement System now owns 126,953,998 shares of the Wireless communications provider’s stock valued at $21,293,994,000 after buying an additional 126,168,750 shares in the last quarter. BlackRock Inc. bought a new position in T-Mobile US in the 2nd quarter worth about $6,625,275,000. Price T Rowe Associates Inc. MD increased its position in shares of T-Mobile US by 30.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock worth $5,643,511,000 after acquiring an additional 6,516,968 shares during the period. State Street Corp increased its position in shares of T-Mobile US by 4.3% during the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock worth $5,133,198,000 after acquiring an additional 1,047,624 shares during the period. Finally, Capital International Investors raised its stake in shares of T-Mobile US by 8.2% during the fourth quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock valued at $3,014,754,000 after acquiring an additional 1,121,409 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.