T-Mobile US (NASDAQ:TMUS) Price Target Cut to $245.00 by Analysts at Sanford C. Bernstein

T-Mobile US (NASDAQ:TMUS) had its price objective decreased by Sanford C. Bernstein from $265.00 to $245.00 in a research report report published on Thursday,MarketScreener reports. Sanford C. Bernstein currently has a market perform rating on the Wireless communications provider’s stock.

A number of other research firms have also commented on TMUS. Wells Fargo & Company raised shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $250.00 to $260.00 in a research note on Thursday, October 16th. Tigress Financial boosted their target price on shares of T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Barclays decreased their price target on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, October 24th. Moffett Nathanson lifted their price objective on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Finally, KeyCorp upgraded T-Mobile US from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 2nd. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $259.56.

T-Mobile US Trading Down 0.7%

NASDAQ TMUS opened at $190.66 on Thursday. The firm has a market capitalization of $213.26 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.06 and a beta of 0.45. The business’s 50-day moving average price is $203.20 and its two-hundred day moving average price is $224.74. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. T-Mobile US has a 12 month low of $188.12 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same period in the previous year, the firm earned $2.61 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts expect that T-Mobile US will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

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

Insider Transactions at T-Mobile US

In related news, insider Michael J. Katz sold 2,500 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $215.91, for a total value of $539,775.00. Following the transaction, the insider directly owned 156,203 shares in the company, valued at $33,725,789.73. This trade represents a 1.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Srini Gopalan purchased 9,800 shares of the firm’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 purchase, the chief executive officer directly owned 90,258 shares in the company, valued at $18,215,869.56. This represents a 12.18% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 335,193 shares of company stock worth $74,665,129 in the last three months. Insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently made changes to their positions in TMUS. Norges Bank acquired a new position in T-Mobile US during the 2nd quarter valued at about $1,477,780,000. Wellington Management Group LLP raised its stake in shares of T-Mobile US by 47.5% in the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after purchasing an additional 4,335,368 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of T-Mobile US by 2,303.2% in the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock valued at $428,174,000 after purchasing an additional 1,878,654 shares in the last quarter. Viking Global Investors LP boosted its position in shares of T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after buying an additional 1,279,422 shares during the last quarter. Finally, Amundi boosted its position in shares of T-Mobile US by 44.6% during the third quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock valued at $924,380,000 after buying an additional 1,266,808 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Company Profile

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.