T-Mobile US (NASDAQ:TMUS) Downgraded to Neutral Rating by Citigroup

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

Several other research analysts have also recently issued reports on the company. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Oppenheimer boosted their price objective on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Royal Bank of Canada reissued a “sector perform” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, KeyCorp cut T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective on the stock. in a research report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $254.80.

T-Mobile US Stock Down 1.2 %

Shares of NASDAQ:TMUS opened at $255.98 on Friday. The stock has a market cap of $292.26 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 1.55 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US has a 12-month low of $158.84 and a 12-month high of $276.49. The business’s 50 day moving average is $243.67 and its 200 day moving average is $228.34.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts forecast that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.38%. T-Mobile US’s payout ratio is 36.40%.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TMUS. Principal Financial Group Inc. grew its position in T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock worth $408,297,000 after buying an additional 47,350 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in T-Mobile US by 18.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 24,445 shares of the Wireless communications provider’s stock worth $5,044,000 after buying an additional 3,813 shares in the last quarter. Kovack Advisors Inc. purchased a new position in T-Mobile US during the third quarter worth about $206,000. Planning Capital Management Corp grew its position in T-Mobile US by 134.7% during the third quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock worth $36,000 after buying an additional 101 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in T-Mobile US by 4.9% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,311 shares of the Wireless communications provider’s stock worth $3,160,000 after buying an additional 710 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

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.