Wolfe Research Reaffirms “Peer Perform” Rating for T-Mobile US (NASDAQ:TMUS)

T-Mobile US (NASDAQ:TMUS)‘s stock had its “peer perform” rating reissued by equities researchers at Wolfe Research in a research note issued to investors on Friday,Benzinga reports.

Several other equities analysts have also recently commented on the stock. Freedom Capital upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a report on Tuesday, May 19th. TD Cowen reduced their price objective on T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Weiss Ratings downgraded T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Finally, Morgan Stanley dropped their target price on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.08.

T-Mobile US Stock Up 3.5%

TMUS stock opened at $183.38 on Friday. T-Mobile US has a 1-year low of $165.66 and a 1-year high of $261.56. The stock has a market cap of $196.71 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 1.00 and a beta of 0.33. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. The company’s 50 day moving average is $181.51 and its 200 day moving average is $194.31.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. The firm had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.84 earnings per share. Sell-side analysts predict that T-Mobile US will post 10.73 EPS for the current fiscal year.

Insider Transactions at T-Mobile US

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the sale, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of T-Mobile US in the second quarter worth $6,625,275,000. Norges Bank bought a new position in T-Mobile US during the fourth quarter valued at about $1,335,918,000. Price T Rowe Associates Inc. MD lifted its holdings in T-Mobile US by 30.6% in 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 purchasing an additional 6,516,968 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of T-Mobile US in the second quarter worth $839,194,000. Finally, Dodge & Cox lifted its position in T-Mobile US by 65.2% during the 4th quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock worth $1,256,000,000 after acquiring an additional 2,442,450 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

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.