T-Mobile US (NASDAQ:TMUS) PT Raised to $235.00

T-Mobile US (NASDAQ:TMUS) had its target price hoisted by Tigress Financial from $205.00 to $235.00 in a research note issued to investors on Monday morning, Benzinga reports. Tigress Financial currently has a buy rating on the Wireless communications provider’s stock.

A number of other analysts have also issued reports on TMUS. Royal Bank of Canada raised their target price on T-Mobile US from $184.00 to $188.00 and gave the company an outperform rating in a report on Friday, April 26th. Evercore ISI upgraded T-Mobile US to a hold rating in a research report on Thursday, August 1st. Citigroup raised their price objective on T-Mobile US from $184.00 to $210.00 and gave the stock a buy rating in a research report on Friday, July 19th. TD Cowen raised their price objective on T-Mobile US from $202.00 to $216.00 and gave the stock a buy rating in a research report on Thursday, August 1st. Finally, Sanford C. Bernstein upgraded T-Mobile US to a strong-buy rating in a research report on Wednesday, July 31st. One 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’s stock. According to MarketBeat.com, T-Mobile US currently has an average rating of Buy and a consensus price target of $198.63.

T-Mobile US Stock Performance

TMUS opened at $194.63 on Monday. The firm has a market capitalization of $228.08 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 0.76 and a beta of 0.51. The stock’s 50 day moving average price is $181.37 and its two-hundred day moving average price is $169.85. 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 has a 12-month low of $131.47 and a 12-month high of $197.03.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. The firm had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.86 EPS. On average, equities analysts forecast that T-Mobile US will post 9.05 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.34%. T-Mobile US’s payout ratio is 35.37%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CAO Dara Bazzano sold 4,300 shares of T-Mobile US stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total value of $773,054.00. Following the completion of the transaction, the chief accounting officer now owns 6,202 shares in the company, valued at approximately $1,114,995.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction on Monday, May 20th. The stock was sold at an average price of $163.98, for a total value of $31,102,086.60. Following the completion of the sale, the director now directly owns 675,072,321 shares of the company’s stock, valued at approximately $110,698,359,197.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Dara Bazzano sold 4,300 shares of T-Mobile US stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total value of $773,054.00. Following the completion of the sale, the chief accounting officer now directly owns 6,202 shares of the company’s stock, valued at $1,114,995.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,897,205 shares of company stock worth $503,460,734. 0.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of T-Mobile US in the 2nd quarter valued at $863,000. Scientech Research LLC acquired a new stake in shares of T-Mobile US in the 2nd quarter valued at $497,000. Legal & General Group Plc increased its stake in shares of T-Mobile US by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after buying an additional 303,582 shares during the period. Mackenzie Financial Corp increased its stake in shares of T-Mobile US by 22.3% in the 2nd quarter. Mackenzie Financial Corp now owns 391,280 shares of the Wireless communications provider’s stock valued at $68,936,000 after buying an additional 71,406 shares during the period. Finally, MBB Public Markets I LLC acquired a new stake in shares of T-Mobile US in the 2nd quarter valued at $6,558,000. 42.49% of the stock is owned by institutional investors and hedge funds.

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.