T-Mobile US (NASDAQ:TMUS) Stock Rating Lowered by Citigroup

Citigroup downgraded shares of T-Mobile US (NASDAQ:TMUS) from a buy rating to a neutral rating in a report issued on Friday, MarketBeat reports. The firm currently has $268.00 price target on the Wireless communications provider’s stock.

Several other equities research analysts have also recently issued reports on TMUS. Tigress Financial reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Sanford C. Bernstein initiated coverage on T-Mobile US in a report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective on the stock. Morgan Stanley initiated coverage on T-Mobile US in a report on Monday, December 16th. They issued an “overweight” rating and a $280.00 target price for the company. Finally, Barclays lifted their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $254.80.

T-Mobile US Trading Down 1.2 %

TMUS opened at $255.98 on Friday. T-Mobile US has a one year low of $158.84 and a one year high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a market cap of $292.26 billion, a price-to-earnings ratio of 26.47, a P/E/G ratio of 1.55 and a beta of 0.64. The stock’s 50 day moving average price is $243.67 and its 200-day moving average price is $228.70.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, equities analysts forecast that T-Mobile US will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared 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. This represents a $3.52 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares of the company’s stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Several hedge funds have recently made changes to their positions in TMUS. Rakuten Securities Inc. increased its holdings in shares of T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 62 shares during the period. Dunhill Financial LLC boosted its position in 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 buying an additional 56 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in T-Mobile US in the 4th quarter worth approximately $28,000. Financial Life Planners purchased a new position in T-Mobile US during the 4th quarter worth approximately $29,000. Finally, Legacy Investment Solutions LLC acquired a new stake in T-Mobile US during the 3rd quarter valued at approximately $34,000. 42.49% of the stock is owned by institutional investors and hedge funds.

About T-Mobile US

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.