T-Mobile US (NASDAQ:TMUS) Reaches New 1-Year High – What’s Next?

T-Mobile US, Inc. (NASDAQ:TMUS)’s share price reached a new 52-week high on Monday . The company traded as high as $273.40 and last traded at $271.44, with a volume of 894010 shares traded. The stock had previously closed at $265.17.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TMUS. Morgan Stanley started coverage on T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 price target for the company. KeyCorp downgraded shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective for the company. in a research note on Thursday, December 12th. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Bank of America lifted their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Barclays increased their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $251.79.

T-Mobile US Price Performance

The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The company has a market capitalization of $308.77 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. The stock’s 50 day simple moving average is $230.98 and its 200-day simple moving average is $221.64.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data 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 net margin of 13.93% and a return on equity of 18.09%. As a group, equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is currently 36.40%.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $246.00, for a total transaction of $246,000.00. Following the completion of the sale, the director now directly owns 4,021 shares of the company’s stock, valued at approximately $989,166. This trade represents a 19.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andre Almeida bought 3,808 shares of T-Mobile US stock in a transaction dated Monday, December 9th. The stock was purchased at an average price of $235.72 per share, with a total value of $897,621.76. Following the purchase, the director now directly owns 3,808 shares in the company, valued at approximately $897,621.76. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 3,100 shares of company stock valued at $747,378. 0.67% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of T-Mobile US in the 4th quarter valued at approximately $1,802,393,000. Canada Pension Plan Investment Board raised its position in T-Mobile US by 85.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock worth $1,329,919,000 after acquiring an additional 2,777,657 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in T-Mobile US in the fourth quarter valued at $452,721,000. Capital International Investors boosted its position in shares of T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock worth $1,440,424,000 after purchasing an additional 1,734,998 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of T-Mobile US by 13.4% in the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after purchasing an additional 1,522,394 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

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.