T-Mobile US (NASDAQ:TMUS) Price Target Increased to $250.00 by Analysts at Oppenheimer

T-Mobile US (NASDAQ:TMUS) had its price target raised by Oppenheimer from $215.00 to $250.00 in a research note released on Thursday morning, Benzinga reports. They currently have an outperform rating on the Wireless communications provider’s stock.

TMUS has been the topic of several other research reports. The Goldman Sachs Group upped their target price on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup upped their target price on T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Scotiabank upped their target price on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a report on Thursday. Tigress Financial upped their target price on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, JPMorgan Chase & Co. upped their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $240.17.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $226.36 on Thursday. The firm has a market cap of $264.11 billion, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 1.15 and a beta of 0.51. The stock’s 50-day moving average is $206.12 and its 200-day moving average is $185.58. T-Mobile US has a one year low of $138.42 and a one year high of $234.56. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 earnings per share. Equities analysts predict that T-Mobile US will post 9.22 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 12th. Stockholders of record on Wednesday, November 27th will be given a $0.88 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.56%. T-Mobile US’s dividend payout ratio is presently 32.58%.

Insider Activity

In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the sale, the executive vice president now directly owns 61,871 shares in the company, valued at approximately $13,380,222.46. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the sale, the executive vice president now directly owns 61,871 shares in the company, valued at approximately $13,380,222.46. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 insiders.

Institutional Investors Weigh In On T-Mobile US

Several institutional investors have recently made changes to their positions in the stock. Cornerstone Wealth Group LLC boosted its stake in shares of T-Mobile US by 1.3% in the third quarter. Cornerstone Wealth Group LLC now owns 21,774 shares of the Wireless communications provider’s stock valued at $4,493,000 after buying an additional 273 shares during the period. Pinnacle Associates Ltd. lifted its stake in T-Mobile US by 3.1% during the third quarter. Pinnacle Associates Ltd. now owns 24,494 shares of the Wireless communications provider’s stock worth $5,055,000 after purchasing an additional 737 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in T-Mobile US by 13.1% during the third quarter. First Trust Direct Indexing L.P. now owns 18,593 shares of the Wireless communications provider’s stock worth $3,837,000 after purchasing an additional 2,153 shares during the last quarter. Golden State Equity Partners lifted its stake in T-Mobile US by 33.2% during the third quarter. Golden State Equity Partners now owns 6,686 shares of the Wireless communications provider’s stock worth $1,380,000 after purchasing an additional 1,665 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. lifted its stake in T-Mobile US by 17.4% during the third quarter. Adams Diversified Equity Fund Inc. now owns 84,500 shares of the Wireless communications provider’s stock worth $17,437,000 after purchasing an additional 12,500 shares during the last quarter. 42.49% of the stock is currently 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.