T-Mobile US (NASDAQ:TMUS) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of T-Mobile US (NASDAQ:TMUS) in a research report released on Monday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $200.00 price objective on the Wireless communications provider’s stock.

A number of other research analysts have also recently weighed in on the stock. Bank of America boosted their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the company a buy rating in a research note on Monday, June 10th. Benchmark restated a buy rating and set a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, May 29th. Royal Bank of Canada upped their price target on shares of T-Mobile US from $184.00 to $188.00 and gave the company an outperform rating in a research note on Friday, April 26th. Citigroup upped their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the company a buy rating in a research note on Monday, March 25th. Finally, Oppenheimer restated an outperform rating and set a $190.00 price target on shares of T-Mobile US in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Buy and an average price target of $190.79.

T-Mobile US Stock Down 0.8 %

TMUS opened at $178.46 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. The stock has a market cap of $209.13 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 0.69 and a beta of 0.51. T-Mobile US has a twelve month low of $131.47 and a twelve month high of $182.67. The company’s 50-day moving average price is $170.51 and its two-hundred day moving average price is $164.86.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The firm had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company earned $1.58 earnings per share. As a group, equities analysts expect that T-Mobile US will post 9.01 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio is presently 35.37%.

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $177.59, for a total value of $532,770.00. Following the transaction, the insider now owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $177.59, for a total value of $532,770.00. Following the transaction, the insider now owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Telekom Ag Deutsche sold 189,670 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $161.41, for a total transaction of $30,614,634.70. Following the completion of the transaction, the director now directly owns 680,857,456 shares in the company, valued at approximately $109,897,201,972.96. The disclosure for this sale can be found here. Insiders have sold 6,399,830 shares of company stock worth $1,071,720,246 in the last three months. 0.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On T-Mobile US

Institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC increased its stake in T-Mobile US by 376.8% in the 3rd quarter. Acadian Asset Management LLC now owns 882 shares of the Wireless communications provider’s stock worth $122,000 after purchasing an additional 697 shares during the period. Lazard Asset Management LLC raised its holdings in T-Mobile US by 46.9% during the 3rd quarter. Lazard Asset Management LLC now owns 19,126 shares of the Wireless communications provider’s stock valued at $2,678,000 after buying an additional 6,110 shares during the last quarter. Glenmede Trust Co. NA boosted its position in T-Mobile US by 26.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,797 shares of the Wireless communications provider’s stock valued at $1,372,000 after buying an additional 2,022 shares during the period. Axxcess Wealth Management LLC bought a new stake in T-Mobile US in the 3rd quarter worth $443,000. Finally, Evergreen Capital Management LLC increased its position in shares of T-Mobile US by 65.1% in the third quarter. Evergreen Capital Management LLC now owns 3,376 shares of the Wireless communications provider’s stock valued at $473,000 after acquiring an additional 1,331 shares during the period. Institutional investors own 42.49% of the company’s stock.

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.