T-Mobile US (NASDAQ:TMUS) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of T-Mobile US (NASDAQ:TMUS) in a research report sent to investors on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $200.00 price target on the Wireless communications provider’s stock.

TMUS has been the subject of a number of other reports. TD Cowen decreased their price objective on T-Mobile US from $204.00 to $202.00 and set a buy rating for the company in a report on Friday, April 26th. Bank of America raised their price target on T-Mobile US from $175.00 to $195.00 and gave the company a buy rating in a report on Monday, June 10th. StockNews.com upgraded shares of T-Mobile US from a hold rating to a buy rating in a research report on Thursday, June 13th. Citigroup boosted their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a buy rating in a research report on Monday, March 25th. Finally, KeyCorp increased their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an overweight rating in a report on Friday, April 26th. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of Buy and an average price target of $190.79.

T-Mobile US Trading Up 1.6 %

NASDAQ:TMUS opened at $179.08 on Monday. The firm has a market capitalization of $209.85 billion, a P/E ratio of 24.36, a P/E/G ratio of 0.69 and a beta of 0.51. The business has a 50 day simple moving average of $169.84 and a 200 day simple moving average of $164.54. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. T-Mobile US has a 12-month low of $131.47 and a 12-month high of $182.67.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.83 by $0.17. The business had revenue of $19.59 billion during the quarter, compared to analyst estimates of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 earnings per share. Equities research analysts predict that T-Mobile US will post 9.01 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders 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 1.45%. The ex-dividend date is Friday, August 30th. T-Mobile US’s payout ratio is 35.37%.

Insider Activity at T-Mobile US

In other news, CAO Dara Bazzano sold 4,300 shares of T-Mobile US stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total transaction of $773,054.00. Following the transaction, the chief accounting officer now owns 6,202 shares in the company, valued at $1,114,995.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Dara Bazzano sold 4,300 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total transaction of $773,054.00. Following the transaction, the chief accounting officer now directly owns 6,202 shares of the company’s stock, valued at $1,114,995.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Telekom Ag Deutsche sold 189,670 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $162.49, for a total transaction of $30,819,478.30. Following the completion of the sale, the director now owns 681,236,796 shares of the company’s stock, valued at approximately $110,694,166,982.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,586,500 shares of company stock worth $1,102,006,954. 0.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TMUS. Private Wealth Management Group LLC bought a new stake in T-Mobile US in the fourth quarter worth $27,000. Valley National Advisers Inc. boosted its stake in shares of T-Mobile US by 232.1% during the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 123 shares in the last quarter. Westside Investment Management Inc. increased its holdings in shares of T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares during the last quarter. Baker Avenue Asset Management LP raised its stake in shares of T-Mobile US by 63.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 81 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC acquired a new stake in T-Mobile US in the 4th quarter worth approximately $34,000. 42.49% of the stock is owned by institutional investors and hedge funds.

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.