T-Mobile US (NASDAQ:TMUS) Given New $197.00 Price Target at Scotiabank

T-Mobile US (NASDAQ:TMUS) had its target price upped by Scotiabank from $194.50 to $197.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has a sector outperform rating on the Wireless communications provider’s stock.

A number of other equities analysts have also commented on TMUS. Barclays raised their price objective on T-Mobile US from $180.00 to $200.00 and gave the stock an overweight rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their price objective on T-Mobile US from $185.00 to $200.00 and gave the stock a buy rating in a research note on Thursday, July 18th. TD Cowen raised their target price on T-Mobile US from $202.00 to $216.00 and gave the company a buy rating in a report on Thursday. Oppenheimer reaffirmed an outperform rating and issued a $190.00 target price on shares of T-Mobile US in a report on Wednesday, April 3rd. Finally, Bank of America raised their target price on T-Mobile US from $175.00 to $195.00 and gave the company a buy rating in a report on Monday, June 10th. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Buy and a consensus price target of $196.75.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $188.76 on Thursday. The firm has a market cap of $220.24 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 0.76 and a beta of 0.51. The company has a current ratio of 0.84, a quick ratio of 0.86 and a debt-to-equity ratio of 1.22. T-Mobile US has a 1-year low of $131.47 and a 1-year high of $193.77. The business’s 50 day moving average is $177.82 and its 200-day moving average is $168.07.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The company had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.86 earnings per share. Equities research analysts predict that T-Mobile US will post 9.05 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders 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 yield of 1.38%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s payout ratio is presently 35.37%.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $162.93, for a total transaction of $30,902,933.10. Following the transaction, the director now directly owns 675,641,331 shares of the company’s stock, valued at approximately $110,082,242,059.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $163.20, for a total value of $3,264,000.00. Following the completion of the transaction, the chief executive officer now directly owns 458,124 shares of the company’s stock, valued at approximately $74,765,836.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $162.93, for a total value of $30,902,933.10. Following the completion of the transaction, the director now directly owns 675,641,331 shares of the company’s stock, valued at $110,082,242,059.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,830,118 shares of company stock valued at $654,898,628. 0.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. WASHINGTON TRUST Co raised its position in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares in the last quarter. Private Wealth Management Group LLC bought a new stake in T-Mobile US in the 4th quarter valued at about $27,000. Summit Securities Group LLC bought a new stake in T-Mobile US in the 2nd quarter valued at about $27,000. Valley National Advisers Inc. increased its position in T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 123 shares in the last quarter. Finally, Westside Investment Management Inc. increased its position in T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 75 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Company Profile

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.