T-Mobile US (NASDAQ:TMUS) Price Target Raised to $254.00

T-Mobile US (NASDAQ:TMUS) had its price target hoisted by Citigroup from $210.00 to $254.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a buy rating on the Wireless communications provider’s stock.

Several other research analysts have also recently weighed in on the stock. KeyCorp boosted their price target on shares of T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Oppenheimer increased their price target on T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Raymond James downgraded T-Mobile US from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from $208.00 to $221.00 in a research note on Wednesday, October 2nd. One analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and an average target price of $219.94.

T-Mobile US Stock Performance

Shares of TMUS opened at $220.95 on Monday. T-Mobile US has a 52 week low of $137.69 and a 52 week high of $223.91. 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 50 day moving average price of $204.75 and a two-hundred day moving average price of $184.44. The firm has a market capitalization of $258.92 billion, a P/E ratio of 30.06, a P/E/G ratio of 1.12 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its quarterly 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 return on equity of 14.88% and a net margin of 11.95%. The business had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. During the same period in the prior year, the firm posted $1.86 EPS. T-Mobile US’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities analysts forecast that T-Mobile US will post 9.14 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is presently 47.89%.

Insider Buying and Selling

In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the sale, the insider now owns 162,628 shares of the company’s stock, valued at $29,577,154.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the transaction, the insider now owns 162,628 shares of the company’s stock, valued at $29,577,154.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Deeanne King sold 15,437 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the sale, the executive vice president now directly owns 35,588 shares in the company, valued at approximately $6,761,720. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 349,261 shares of company stock valued at $69,411,130. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. WASHINGTON TRUST Co grew its position in T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares in the last quarter. DT Investment Partners LLC boosted its holdings in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of T-Mobile US during the 2nd quarter valued at about $27,000. Y.D. More Investments Ltd purchased a new position in shares of T-Mobile US during the 2nd quarter valued at about $27,000. Finally, Westside Investment Management Inc. lifted its position in T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 75 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.