T-Mobile US (NASDAQ:TMUS) Price Target Raised to $280.00

T-Mobile US (NASDAQ:TMUS) had its target price boosted by Morgan Stanley from $265.00 to $280.00 in a research report released on Wednesday,Benzinga reports. Morgan Stanley currently has an overweight rating on the Wireless communications provider’s stock.

Several other equities analysts have also recently commented on the company. Bank of America started coverage on T-Mobile US in a research note on Monday, July 7th. They set a “neutral” rating and a $255.00 target price for the company. KeyCorp reiterated an “underweight” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. UBS Group cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Royal Bank Of Canada increased their target price on T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research note on Friday, March 21st. Finally, Arete Research upgraded T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $255.12.

T-Mobile US Price Performance

T-Mobile US stock opened at $227.21 on Wednesday. T-Mobile US has a one year low of $173.74 and a one year high of $276.49. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. The business has a fifty day moving average of $235.29 and a two-hundred day moving average of $243.71. The company has a market cap of $257.98 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter in the previous year, the company posted $2.00 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, analysts predict that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Friday, August 29th. T-Mobile US’s dividend payout ratio (DPR) is presently 34.34%.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $228.28, for a total transaction of $15,943,075.20. Following the sale, the director directly owned 647,171,964 shares in the company, valued at approximately $147,736,415,941.92. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 1,116,990 shares of company stock valued at $256,892,992. Insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

A number of hedge funds and other institutional investors have recently bought and sold shares of TMUS. Activest Wealth Management increased its stake in shares of T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 94 shares during the period. Godsey & Gibb Inc. increased its stake in shares of T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock worth $27,000 after acquiring an additional 60 shares during the period. CoreFirst Bank & Trust acquired a new stake in T-Mobile US during the fourth quarter valued at $28,000. Missouri Trust & Investment Co grew its position in T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 105 shares during the period. Finally, Stone House Investment Management LLC acquired a new stake in T-Mobile US during the first quarter valued at $29,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

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.