T-Mobile US (NASDAQ:TMUS) Hits New 1-Year High After Analyst Upgrade

T-Mobile US, Inc. (NASDAQ:TMUS)’s share price hit a new 52-week high during mid-day trading on Monday after Citigroup raised their price target on the stock from $210.00 to $254.00. Citigroup currently has a buy rating on the stock. T-Mobile US traded as high as $223.50 and last traded at $223.50, with a volume of 2661 shares. The stock had previously closed at $223.21.

TMUS has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft raised 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, July 18th. TD Cowen raised their price target on shares of T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada raised their price target on shares of T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Morgan Stanley raised their price target on shares of T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Finally, The Goldman Sachs Group started coverage on shares of T-Mobile US in a research report on Monday, July 1st. They set a “buy” rating and a $200.00 price target for the company. One research analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of “Buy” and an average price target of $219.94.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 9,586 shares of T-Mobile US stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the sale, the director now owns 1,940,792 shares of the company’s stock, valued at $382,258,392.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the sale, the executive vice president now owns 61,871 shares of the company’s stock, valued at $13,380,222.46. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 9,586 shares of T-Mobile US stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the sale, the director now directly owns 1,940,792 shares in the company, valued at approximately $382,258,392.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 349,261 shares of company stock valued at $69,411,130. 0.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Moody Aldrich Partners LLC acquired a new position in shares of T-Mobile US during the 3rd quarter valued at about $298,000. CENTRAL TRUST Co boosted its position in shares of T-Mobile US by 5.8% during the 3rd quarter. CENTRAL TRUST Co now owns 48,836 shares of the Wireless communications provider’s stock valued at $10,078,000 after acquiring an additional 2,657 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of T-Mobile US by 5.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 17,345 shares of the Wireless communications provider’s stock valued at $3,579,000 after acquiring an additional 878 shares during the last quarter. Great Lakes Retirement Inc. boosted its position in shares of T-Mobile US by 2.4% during the 3rd quarter. Great Lakes Retirement Inc. now owns 10,969 shares of the Wireless communications provider’s stock valued at $2,264,000 after acquiring an additional 255 shares during the last quarter. Finally, YHB Investment Advisors Inc. boosted its position in shares of T-Mobile US by 6.6% during the 3rd quarter. YHB Investment Advisors Inc. now owns 22,411 shares of the Wireless communications provider’s stock valued at $4,625,000 after acquiring an additional 1,384 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

The firm’s 50-day moving average price is $204.26 and its two-hundred day moving average price is $184.18. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The stock has a market cap of $256.65 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 1.12 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter in the prior year, the company posted $1.86 earnings per share. T-Mobile US’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts expect that T-Mobile US, Inc. will post 9.14 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.61%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is presently 47.89%.

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.