T-Mobile US (NASDAQ:TMUS) Downgraded by HSBC to “Hold”

HSBC downgraded shares of T-Mobile US (NASDAQ:TMUS) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning, MarketBeat reports. HSBC currently has $270.00 target price on the Wireless communications provider’s stock.

Other analysts have also issued research reports about the company. Benchmark reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. KeyCorp downgraded T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price for the company. in a research report on Thursday, December 12th. Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Bank of America raised their target price on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Morgan Stanley assumed coverage on T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 target price for the company. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $254.10.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $262.74 on Wednesday. T-Mobile US has a 1-year low of $158.84 and a 1-year high of $276.49. The firm has a market capitalization of $299.98 billion, a PE ratio of 27.17, a PEG ratio of 1.55 and a beta of 0.56. The business’s 50 day moving average is $238.17 and its 200-day moving average is $225.48. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Sell-side analysts predict that T-Mobile US will post 10.37 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 Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.34%. T-Mobile US’s payout ratio is 36.40%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Andre Almeida bought 3,808 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was purchased at an average cost of $235.72 per share, with a total value of $897,621.76. Following the completion of the purchase, the director now owns 3,808 shares in the company, valued at approximately $897,621.76. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the transaction, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

A number of institutional investors have recently modified their holdings of TMUS. Norges Bank bought a new stake in shares of T-Mobile US in the fourth quarter valued at about $1,802,393,000. Canada Pension Plan Investment Board lifted its holdings in shares of T-Mobile US by 85.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock valued at $1,329,919,000 after purchasing an additional 2,777,657 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of T-Mobile US in the fourth quarter valued at about $452,721,000. Capital International Investors lifted its holdings in shares of T-Mobile US by 36.2% in the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock valued at $1,440,424,000 after purchasing an additional 1,734,998 shares in the last quarter. Finally, FMR LLC raised its holdings in T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after acquiring an additional 1,522,394 shares in the last quarter. 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.