Analysts Set T-Mobile US, Inc. (NASDAQ:TMUS) Price Target at $185.93

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) have been assigned a consensus rating of “Buy” from the fourteen brokerages that are covering the company, MarketBeat.com reports. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $185.93.

A number of brokerages have weighed in on TMUS. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a research report on Wednesday, April 3rd. Morgan Stanley lifted their price objective on T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Citigroup boosted their price target on T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. Royal Bank of Canada restated an “outperform” rating and set a $184.00 price target on shares of T-Mobile US in a research note on Wednesday, March 20th. Finally, KeyCorp decreased their price objective on T-Mobile US from $183.00 to $175.00 and set an “overweight” rating on the stock in a report on Friday, January 26th.

Insiders Place Their Bets

In other T-Mobile US news, insider Michael J. Katz sold 6,655 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the completion of the sale, the insider now owns 126,616 shares in the company, valued at approximately $20,414,297.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Telekom Ag Deutsche sold 194,910 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $162.75, for a total value of $31,721,602.50. Following the completion of the sale, the director now owns 690,515,561 shares in the company, valued at approximately $112,381,407,552.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael J. Katz sold 6,655 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the completion of the sale, the insider now owns 126,616 shares of the company’s stock, valued at approximately $20,414,297.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,811,459 shares of company stock valued at $942,634,782. 0.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On T-Mobile US

A number of large investors have recently added to or reduced their stakes in TMUS. Norges Bank bought a new position in T-Mobile US during the 4th quarter worth about $3,338,708,000. Wellington Management Group LLP boosted its stake in shares of T-Mobile US by 200.0% during the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after buying an additional 4,241,877 shares during the last quarter. Clearbridge Investments LLC lifted its stake in T-Mobile US by 243.9% in the 3rd quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock valued at $409,040,000 after purchasing an additional 2,071,489 shares during the last quarter. Putnam Investments LLC lifted its stake in T-Mobile US by 74.6% in the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after purchasing an additional 1,682,743 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in T-Mobile US by 90.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 2,506,127 shares of the Wireless communications provider’s stock valued at $350,983,000 after purchasing an additional 1,190,813 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $162.36 on Friday. The stock has a market cap of $192.70 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 0.66 and a beta of 0.49. The business has a fifty day simple moving average of $162.30 and a 200-day simple moving average of $156.54. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. T-Mobile US has a 12 month low of $124.92 and a 12 month high of $168.64.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.23). The business had revenue of $20.48 billion during the quarter, compared to analyst estimates of $19.67 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $1.18 EPS. On average, sell-side analysts anticipate that T-Mobile US will post 8.95 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, June 13th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s dividend payout ratio is 37.52%.

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.