T-Mobile US (NASDAQ:TMUS) Price Target Cut to $220.00 by Analysts at Citigroup

T-Mobile US (NASDAQ:TMUS) had its target price decreased by Citigroup from $268.00 to $220.00 in a report published on Friday morning, Marketbeat reports. Citigroup currently has a neutral rating on the Wireless communications provider’s stock.

A number of other equities research analysts also recently weighed in on TMUS. The Goldman Sachs Group lowered their target price on shares of T-Mobile US from $287.00 to $251.00 and set a “buy” rating on the stock in a research note on Friday, December 12th. Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Raymond James Financial upgraded T-Mobile US to a “hold” rating in a research report on Wednesday, October 1st. Finally, Williams Trading set a $263.00 price target on T-Mobile US in a research note on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $260.17.

T-Mobile US Trading Down 1.8%

T-Mobile US stock opened at $196.73 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. T-Mobile US has a fifty-two week low of $194.01 and a fifty-two week high of $276.49. The stock has a market cap of $220.04 billion, a P/E ratio of 18.92, a PEG ratio of 1.29 and a beta of 0.44. The firm’s fifty day moving average price is $210.87 and its 200-day moving average price is $229.19.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same period in the previous year, the business earned $2.61 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be given a $1.02 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.08 annualized dividend and a yield of 2.1%. T-Mobile US’s payout ratio is presently 39.23%.

Insider Activity

In other news, CEO Srini Gopalan purchased 9,800 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were acquired at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the acquisition, the chief executive officer directly owned 90,258 shares in the company, valued at approximately $18,215,869.56. The trade was a 12.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Telekom Ag Deutsche sold 1,374 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total transaction of $302,912.04. Following the completion of the transaction, the director owned 582,065,875 shares in the company, valued at $128,322,242,802.50. The trade was a 0.00% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,043,868 shares of company stock valued at $238,762,618. Corporate insiders own 0.37% of the company’s stock.

Institutional Trading of T-Mobile US

Large investors have recently modified their holdings of the business. Weaver Capital Management LLC lifted its holdings in T-Mobile US by 0.6% in the 2nd quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock worth $1,605,000 after buying an additional 42 shares during the period. Haven Private LLC raised its holdings in shares of T-Mobile US by 1.3% during the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock valued at $759,000 after acquiring an additional 42 shares in the last quarter. Bank of Stockton raised its holdings in shares of T-Mobile US by 1.2% during the second quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock valued at $906,000 after acquiring an additional 44 shares in the last quarter. Richardson Financial Services Inc. lifted its stake in T-Mobile US by 0.9% in the second quarter. Richardson Financial Services Inc. now owns 4,899 shares of the Wireless communications provider’s stock worth $1,183,000 after acquiring an additional 45 shares during the period. Finally, Cetera Trust Company N.A boosted its holdings in T-Mobile US by 0.4% in the second quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock valued at $2,863,000 after acquiring an additional 45 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.