T-Mobile US (NASDAQ:TMUS) Price Target Raised to $200.00 at Barclays

T-Mobile US (NASDAQ:TMUS) had its price objective raised by Barclays from $180.00 to $200.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have an overweight rating on the Wireless communications provider’s stock.

Other analysts also recently issued research reports about the stock. Citigroup boosted their price objective on shares of T-Mobile US from $184.00 to $210.00 and gave the stock a buy rating in a report on Friday, July 19th. KeyCorp boosted their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an overweight rating in a report on Friday, April 26th. Oppenheimer reaffirmed an outperform rating and issued a $190.00 price target on shares of T-Mobile US in a report on Wednesday, April 3rd. 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 report on Friday, April 26th. Finally, TD Cowen reduced their price target on shares of T-Mobile US from $204.00 to $202.00 and set a buy rating on the stock in a report on Friday, April 26th. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US has an average rating of Buy and an average target price of $196.75.

T-Mobile US Stock Up 0.9 %

Shares of NASDAQ:TMUS opened at $188.76 on Thursday. The company has a market cap of $220.24 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 0.76 and a beta of 0.51. T-Mobile US has a fifty-two week low of $131.47 and a fifty-two week high of $193.77. The firm’s 50-day simple moving average is $177.82 and its 200-day simple moving average is $168.07. The company has a quick ratio of 0.86, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The firm had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share. As a group, equities research analysts predict that T-Mobile US will post 9.05 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio (DPR) is 35.37%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $163.21, for a total transaction of $30,956,040.70. Following the completion of the transaction, the director now owns 676,589,681 shares of the company’s stock, valued at $110,426,201,836.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $163.20, for a total value of $3,264,000.00. Following the completion of the sale, the chief executive officer now owns 458,124 shares of the company’s stock, valued at $74,765,836.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Telekom Ag Deutsche sold 189,670 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $163.21, for a total transaction of $30,956,040.70. Following the completion of the sale, the director now directly owns 676,589,681 shares of the company’s stock, valued at approximately $110,426,201,836.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,830,118 shares of company stock valued at $654,898,628. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Large investors have recently made changes to their positions in the business. WASHINGTON TRUST Co increased its position in shares of 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. Private Wealth Management Group LLC purchased a new position in shares of T-Mobile US in the fourth quarter valued at $27,000. Summit Securities Group LLC purchased a new position in shares of T-Mobile US in the second quarter valued at $27,000. Valley National Advisers Inc. boosted its stake in shares of T-Mobile US by 232.1% in the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 123 shares during the period. Finally, Westside Investment Management Inc. boosted its stake in shares of T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds 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.