Citigroup Boosts T-Mobile US (NASDAQ:TMUS) Price Target to $210.00

T-Mobile US (NASDAQ:TMUS) had its price target increased by Citigroup from $184.00 to $210.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a buy rating on the Wireless communications provider’s stock.

Several other equities analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the company a buy rating in a report on Thursday. The Goldman Sachs Group started coverage on shares of T-Mobile US in a report on Monday, July 1st. They issued a buy rating and a $200.00 price objective for the company. Royal Bank of Canada upped their price objective on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an outperform rating in a report on Friday, April 26th. Bank of America upped their price objective on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a buy rating in a report on Monday, June 10th. Finally, Oppenheimer reiterated an outperform rating and issued a $190.00 price objective on shares of T-Mobile US in a report on Wednesday, April 3rd. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US has an average rating of Buy and a consensus target price of $194.07.

T-Mobile US Trading Down 0.1 %

T-Mobile US stock opened at $182.05 on Friday. The company’s fifty day simple moving average is $174.79 and its 200-day simple moving average is $166.93. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. T-Mobile US has a 12 month low of $131.47 and a 12 month high of $185.42. The stock has a market cap of $213.34 billion, a P/E ratio of 24.77, a P/E/G ratio of 0.71 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. During the same period in the previous year, the company posted $1.58 EPS. T-Mobile US’s revenue was down .2% on a year-over-year basis. As a group, sell-side analysts forecast that T-Mobile US will post 9.02 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s payout ratio is 35.37%.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 227,604 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $172.65, for a total transaction of $39,295,830.60. Following the completion of the sale, the director now owns 673,251,489 shares of the company’s stock, valued at $116,236,869,575.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the sale, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Telekom Ag Deutsche sold 227,604 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $172.65, for a total transaction of $39,295,830.60. Following the completion of the transaction, the director now directly owns 673,251,489 shares in the company, valued at $116,236,869,575.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,958,138 shares of company stock valued at $839,667,790. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds and other institutional investors have recently bought and sold shares of TMUS. Vanguard Group Inc. raised its holdings in T-Mobile US by 3.8% in the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after purchasing an additional 1,667,778 shares during the period. Norges Bank acquired a new stake in T-Mobile US in the fourth quarter worth $3,338,708,000. Wellington Management Group LLP raised its holdings in T-Mobile US by 200.0% in the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after purchasing an additional 4,241,877 shares during the period. Dimensional Fund Advisors LP raised its holdings in T-Mobile US by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock worth $682,699,000 after purchasing an additional 23,800 shares during the period. Finally, Putnam Investments LLC raised its holdings in T-Mobile US by 74.6% in the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after purchasing an additional 1,682,743 shares during the period. 42.49% of the stock is owned by 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.