T-Mobile US (NASDAQ:TMUS) Given New $300.00 Price Target at Deutsche Bank Aktiengesellschaft

T-Mobile US (NASDAQ:TMUS) had its price target upped by Deutsche Bank Aktiengesellschaft from $280.00 to $300.00 in a research note published on Thursday,MarketScreener reports.

Several other research analysts have also recently weighed in on TMUS. KeyCorp reissued an “underweight” rating and issued a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, July 9th. Rothschild & Co Redburn raised T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price objective on the stock in a research report on Monday, July 7th. Bank of America started coverage on T-Mobile US in a research report on Monday, July 7th. They issued a “neutral” rating and a $255.00 price objective on the stock. Redburn Atlantic raised T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price objective on the stock in a research report on Monday, July 7th. Finally, Royal Bank Of Canada boosted their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average target price of $262.50.

T-Mobile US Trading Down 1.3%

Shares of TMUS stock opened at $230.14 on Thursday. The company has a market cap of $259.00 billion, a P/E ratio of 21.71, a PEG ratio of 1.28 and a beta of 0.59. T-Mobile US has a fifty-two week low of $206.18 and a fifty-two week high of $276.49. The stock has a 50 day simple moving average of $244.83 and a two-hundred day simple moving average of $244.31. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the previous year, the company posted $2.49 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Research analysts forecast that T-Mobile US will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is presently 33.21%.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the business’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $239.54, for a total transaction of $15,432,604.04. Following the sale, the director directly owned 634,112,640 shares in the company, valued at approximately $151,895,341,785.60. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 2,584,633 shares of company stock worth $623,559,263. Insiders own 0.37% of the company’s stock.

Institutional Trading of T-Mobile US

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NorthCrest Asset Manangement LLC bought a new stake in shares of T-Mobile US during the 2nd quarter valued at $284,000. Crestwood Advisors Group LLC increased its stake in T-Mobile US by 79.5% in the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock worth $436,000 after acquiring an additional 724 shares during the last quarter. Berkshire Bank increased its stake in T-Mobile US by 12.5% in the 2nd quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock worth $3,000,000 after acquiring an additional 1,400 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in T-Mobile US by 14.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after acquiring an additional 864,030 shares during the last quarter. Finally, Fox Hill Wealth Management bought a new position in T-Mobile US in the 2nd quarter worth about $2,603,000. 42.49% of the stock is currently owned by 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.