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

T-Mobile US (NASDAQ:TMUS) was downgraded by Citigroup from a “buy” rating to a “neutral” rating in a note issued to investors on Friday, MarketBeat Ratings reports. They currently have a $268.00 target price on the Wireless communications provider’s stock. Citigroup’s price target would suggest a potential upside of 3.43% from the stock’s previous close.

Several other research firms have also recently commented on TMUS. Sanford C. Bernstein assumed coverage on T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price target on the stock. Scotiabank upped their target price on T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Royal Bank of Canada reissued a “sector perform” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $254.80.

T-Mobile US Stock Up 1.4 %

Shares of NASDAQ:TMUS opened at $259.10 on Friday. The company has a market capitalization of $295.83 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a 50 day moving average of $242.93 and a two-hundred day moving average of $227.96. T-Mobile US has a 52-week low of $158.84 and a 52-week high of $276.49. 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 (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, analysts forecast that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the company’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 completion of the sale, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On T-Mobile US

Several hedge funds have recently made changes to their positions in the company. Dunhill Financial LLC raised its stake in T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 56 shares during the period. Rakuten Securities Inc. raised its position in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 62 shares during the period. CoreFirst Bank & Trust purchased a new stake in T-Mobile US in the 4th quarter worth about $28,000. Financial Life Planners acquired a new stake in T-Mobile US during the 4th quarter worth about $29,000. Finally, Legacy Investment Solutions LLC purchased a new position in T-Mobile US during the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

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.