T-Mobile US (NASDAQ:TMUS) Price Target Raised to $215.50

T-Mobile US (NASDAQ:TMUS) had its target price upped by Scotiabank from $197.00 to $215.50 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a sector outperform rating on the Wireless communications provider’s stock.

Several other research firms have also weighed in on TMUS. The Goldman Sachs Group began coverage on shares of T-Mobile US in a report on Monday, July 1st. They issued a buy rating and a $200.00 target price on the stock. Oppenheimer increased their price objective on shares of T-Mobile US from $200.00 to $215.00 and gave the stock an outperform rating in a research report on Thursday. Citigroup boosted their target price on T-Mobile US from $184.00 to $210.00 and gave the company a buy rating in a research report on Friday, July 19th. KeyCorp upped their price target on T-Mobile US from $190.00 to $230.00 and gave the stock an overweight rating in a research note on Monday, September 16th. Finally, Barclays increased their target price on T-Mobile US from $180.00 to $200.00 and gave the stock an overweight rating in a research note on Thursday, August 1st. Eighteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Buy and a consensus price target of $211.92.

T-Mobile US Trading Down 0.1 %

Shares of NASDAQ:TMUS opened at $199.44 on Thursday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The business’s 50 day moving average price is $192.29 and its 200-day moving average price is $176.53. The firm has a market capitalization of $233.71 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. T-Mobile US has a 1 year low of $135.82 and a 1 year high of $206.30.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (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 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 business’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.86 earnings per share. On average, equities research analysts forecast that T-Mobile US will post 9.18 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total transaction of $23,470,451.46. Following the completion of the transaction, the director now owns 670,545,206 shares in the company, valued at approximately $117,922,079,927.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total transaction of $23,470,451.46. Following the sale, the director now directly owns 670,545,206 shares in the company, valued at approximately $117,922,079,927.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 706,875 shares of company stock valued at $130,909,198. 0.67% of the stock is owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

Hedge funds have recently bought and sold shares of the company. Sei Investments Co. increased its holdings in T-Mobile US by 3.1% during the 4th quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock valued at $29,574,000 after acquiring an additional 5,552 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of T-Mobile US during the 1st quarter worth approximately $1,908,000. Cardinal Capital Management Inc. purchased a new stake in shares of T-Mobile US in the fourth quarter valued at $29,962,000. CFO4Life Group LLC purchased a new stake in T-Mobile US during the 1st quarter worth about $932,000. Finally, Envestnet Portfolio Solutions Inc. raised its stake in T-Mobile US by 26.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock valued at $3,336,000 after purchasing an additional 4,253 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other 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.