T-Mobile US (NASDAQ:TMUS) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of T-Mobile US (NASDAQ:TMUS) in a research note published on Wednesday morning, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $170.00 price target on the Wireless communications provider’s stock.

A number of other equities analysts also recently issued reports on the stock. Freedom Capital raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. TD Cowen upped their target price on T-Mobile US from $252.00 to $261.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. UBS Group decreased their price target on T-Mobile US from $300.00 to $255.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. Weiss Ratings cut T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Finally, DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $255.76.

T-Mobile US Price Performance

TMUS stock opened at $180.14 on Wednesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. T-Mobile US has a 1 year low of $165.66 and a 1 year high of $261.56. The company’s 50-day moving average is $185.69 and its 200-day moving average is $196.73. The stock has a market capitalization of $194.95 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 1.09 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, beating the consensus estimate of $2.01 by $0.26. The firm had revenue of $23.11 billion during the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.58 earnings per share. Equities research analysts expect that T-Mobile US will post 10.65 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is 43.40%.

Insider Buying and Selling

In other news, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the transaction, the chief operating officer directly owned 217,168 shares in the company, valued at approximately $41,261,920. This represents a 2.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andre Almeida bought 5,097 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average price of $196.18 per share, with a total value of $999,929.46. Following the transaction, the insider directly owned 44,850 shares in the company, valued at $8,798,673. The trade was a 12.82% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

Several institutional investors and hedge funds have recently bought and sold shares of TMUS. Norges Bank bought a new position in T-Mobile US in the fourth quarter worth about $1,335,918,000. Price T Rowe Associates Inc. MD grew its holdings in shares of T-Mobile US by 30.6% during the 4th 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. Wellington Management Group LLP lifted its position in T-Mobile US by 47.5% during the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after buying an additional 4,335,368 shares during the period. Dodge & Cox grew its position in shares of T-Mobile US by 65.2% in the 4th quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock worth $1,256,000,000 after buying an additional 2,442,450 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of T-Mobile US by 1,375.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,755,286 shares of the Wireless communications provider’s stock worth $368,663,000 after acquiring an additional 1,636,359 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

More T-Mobile US News

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile is expanding its leadership bench by hiring Chris Sambar as Chief Enterprise Officer, which could support growth in SMB, enterprise, government, and emerging businesses. T-Mobile Appoints Chris Sambar Chief Enterprise Officer and Evolves Leadership Team to Advance its Next Era of Strategic Growth and Innovation
• Positive Sentiment: T-Mobile continues to market its network strength through high-visibility events like MLB All-Star Week, reinforcing the “best network” brand. America’s Pastime Meets America’s Best Network at MLB All-Star Week in Philadelphia
• Neutral Sentiment: Several articles frame T-Mobile as a quality telecom stock with analyst support and possible valuation upside, but these are more commentary than fresh catalysts. How T-Mobile US’ Legacy Plan Migration Balances Revenue Growth Against Customer Churn Risk
• Negative Sentiment: Leadership turnover is increasing as longtime executive Mike Katz exits after 28 years, creating some execution uncertainty during a broader reshuffle. T-Mobile exec Mike Katz exits after 28 years, as carrier reshuffles top ranks and taps ex-AT&T leader
• Negative Sentiment: Wells Fargo initiated coverage with an equal weight rating and a $170 target, implying limited upside from current levels. Wells Fargo coverage and target update
• Negative Sentiment: Barclays and Morgan Stanley trimmed their price targets, suggesting analysts still see solid fundamentals but a less compelling near-term risk/reward setup. Barclays and Morgan Stanley price target updates

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.