Scotiabank Issues Positive Forecast for T-Mobile US (NASDAQ:TMUS) Stock Price

T-Mobile US (NASDAQ:TMUS) had its target price raised by Scotiabank from $234.00 to $247.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a sector perform rating on the Wireless communications provider’s stock.

Other equities analysts have also recently issued reports about the company. Bank of America raised their target price on T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Wells Fargo & Company upped their target price on shares of T-Mobile US from $220.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Thursday. Citigroup lifted their price target on T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Royal Bank of Canada lowered T-Mobile US from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $255.00 to $240.00 in a research report on Monday, January 6th. Finally, Evercore ISI raised T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $248.89.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $234.37 on Thursday. The company’s 50-day moving average is $226.37 and its two-hundred day moving average is $212.82. T-Mobile US has a 1-year low of $158.84 and a 1-year high of $248.15. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The firm has a market capitalization of $271.98 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 1.17 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.00% and a net margin of 13.93%. Analysts forecast that T-Mobile US will post 10.15 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.50%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Insiders Place Their Bets

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the sale, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 110,000 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the transaction, the director now directly owns 1,441,204 shares of the company’s stock, valued at approximately $323,262,057.20. This trade represents a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 144,200 shares of company stock worth $32,736,303. 0.67% of the stock is owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

A number of institutional investors have recently modified their holdings of the company. DT Investment Partners LLC raised its holdings in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares during the last quarter. Dunhill Financial LLC increased its holdings in shares of T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 56 shares during the last quarter. MFA Wealth Advisors LLC raised its position in shares of T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 77 shares during the period. Financial Life Planners acquired a new position in T-Mobile US in the fourth quarter valued at $29,000. Finally, Legacy Investment Solutions LLC purchased a new stake in T-Mobile US during the third quarter valued at about $34,000. Institutional investors and hedge funds 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.