T-Mobile US (NASDAQ:TMUS) Price Target Raised to $230.00

T-Mobile US (NASDAQ:TMUS) had its price target hoisted by Moffett Nathanson from $210.00 to $230.00 in a research note released on Thursday,MarketScreener reports. The brokerage currently has a neutral rating on the Wireless communications provider’s stock.

Several other equities analysts have also recently weighed in on TMUS. KeyCorp reiterated an “underweight” rating and set a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, July 9th. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price objective on the stock. Royal Bank Of Canada lifted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of T-Mobile US from $280.00 to $300.00 in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $262.50.

T-Mobile US Price Performance

NASDAQ TMUS opened at $230.27 on Thursday. The stock has a market capitalization of $259.15 billion, a P/E ratio of 21.72, a P/E/G ratio of 1.27 and a beta of 0.59. T-Mobile US has a 1 year low of $206.18 and a 1 year high of $276.49. The business’s fifty day moving average is $244.56 and its two-hundred day moving average is $243.99. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.49 earnings per share. On average, research analysts forecast that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is presently 33.21%.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director owned 647,660,844 shares of the company’s stock, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 2,584,633 shares of company stock worth $623,559,263. 0.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Cardinal Capital Management Inc. raised its position in shares of T-Mobile US by 0.6% during the third quarter. Cardinal Capital Management Inc. now owns 171,071 shares of the Wireless communications provider’s stock valued at $40,951,000 after buying an additional 1,052 shares during the last quarter. Aaron Wealth Advisors LLC raised its position in shares of T-Mobile US by 10.7% during the third quarter. Aaron Wealth Advisors LLC now owns 2,365 shares of the Wireless communications provider’s stock valued at $566,000 after buying an additional 229 shares during the last quarter. GAMMA Investing LLC raised its position in shares of T-Mobile US by 19.6% during the third quarter. GAMMA Investing LLC now owns 13,876 shares of the Wireless communications provider’s stock valued at $3,322,000 after buying an additional 2,271 shares during the last quarter. Rowlandmiller & PARTNERS.ADV acquired a new position in shares of T-Mobile US during the third quarter valued at about $454,000. Finally, Neville Rodie & Shaw Inc. raised its position in shares of T-Mobile US by 0.3% during the third quarter. Neville Rodie & Shaw Inc. now owns 38,695 shares of the Wireless communications provider’s stock valued at $9,263,000 after buying an additional 125 shares during 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.