T-Mobile US (NASDAQ:TMUS) Given New $305.00 Price Target at BNP Paribas Exane

T-Mobile US (NASDAQ:TMUS) had its target price hoisted by BNP Paribas Exane from $290.00 to $305.00 in a research note published on Monday morning,MarketScreener reports. They currently have an outperform rating on the Wireless communications provider’s stock.

TMUS has been the topic of several other research reports. Rothschild & Co Redburn raised shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. Wolfe Research lowered their price objective on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday, September 30th. Arete Research raised T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. upped their price target on T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Finally, KeyCorp restated an “underweight” rating and set a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $264.29.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $224.96 on Monday. The company has a market cap of $253.17 billion, a P/E ratio of 21.22, a PEG ratio of 1.27 and a beta of 0.59. The company has a fifty day simple moving average of $244.30 and a 200 day simple moving average of $243.68. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US has a 12-month low of $207.40 and a 12-month high of $276.49.

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

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a $1.02 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. T-Mobile US’s payout ratio is presently 38.49%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $244.98, for a total transaction of $17,109,403.20. Following the completion of the transaction, the director directly owned 646,683,084 shares of the company’s stock, valued at approximately $158,424,421,918.32. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 2,579,219 shares of company stock valued at $621,776,150 in the last quarter. 0.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On T-Mobile US

Several large investors have recently added to or reduced their stakes in TMUS. Vanguard Group Inc. increased its stake in shares of T-Mobile US by 0.5% in the second quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock worth $10,045,252,000 after purchasing an additional 215,711 shares in the last quarter. State Street Corp boosted its holdings in T-Mobile US by 4.5% in the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after buying an additional 994,740 shares during the period. Wellington Management Group LLP grew its stake in T-Mobile US by 1.7% in the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider’s stock valued at $3,426,407,000 after buying an additional 214,224 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after acquiring an additional 864,030 shares during the period. Finally, Franklin Resources Inc. raised its holdings in T-Mobile US by 5.2% during the 2nd quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock valued at $1,500,784,000 after acquiring an additional 309,922 shares during the period. Hedge funds and other institutional investors 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.