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

T-Mobile US (NASDAQ:TMUS) had its target price upped by Benchmark from $200.00 to $220.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has a buy rating on the Wireless communications provider’s stock.

A number of other equities research analysts have also recently commented on the stock. TD Cowen lifted their price target on shares of T-Mobile US from $202.00 to $216.00 and gave the stock a buy rating in a report on Thursday. Oppenheimer reiterated an outperform rating and set a $190.00 price target on shares of T-Mobile US in a research note on Wednesday, April 3rd. Barclays upped their price objective on shares of T-Mobile US from $180.00 to $200.00 and gave the company an overweight rating in a report on Thursday. Royal Bank of Canada increased their price objective on T-Mobile US from $184.00 to $188.00 and gave the stock an outperform rating in a report on Friday, April 26th. Finally, Scotiabank lifted their target price on T-Mobile US from $194.50 to $197.00 and gave the company a sector outperform rating in a report on Thursday. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Buy and an average target price of $196.75.

T-Mobile US Stock Up 0.9 %

T-Mobile US stock opened at $188.76 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.84. The stock has a market cap of $220.24 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 0.76 and a beta of 0.51. T-Mobile US has a fifty-two week low of $131.47 and a fifty-two week high of $193.77. The firm’s 50-day simple moving average is $177.82 and its 200 day simple moving average is $168.07.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The business had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. T-Mobile US’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $1.86 earnings per share. Research analysts predict that T-Mobile US will post 9.05 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Friday, August 30th. T-Mobile US’s payout ratio is 35.37%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $164.23, for a total value of $31,149,504.10. Following the transaction, the director now owns 676,210,341 shares in the company, valued at $111,054,024,302.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $164.23, for a total value of $31,149,504.10. Following the sale, the director now directly owns 676,210,341 shares in the company, valued at approximately $111,054,024,302.43. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the transaction, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. The disclosure for this sale can be found here. Insiders sold 3,830,118 shares of company stock worth $654,898,628 in the last three months. 0.67% of the stock is owned by insiders.

Hedge Funds Weigh In On T-Mobile US

Hedge funds and other institutional investors have recently modified their holdings of the stock. WASHINGTON TRUST Co boosted its position in T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares in the last quarter. Private Wealth Management Group LLC purchased a new stake in T-Mobile US in the fourth quarter worth $27,000. Summit Securities Group LLC bought a new position in T-Mobile US in the second quarter worth $27,000. Valley National Advisers Inc. lifted its position in T-Mobile US by 232.1% during the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 123 shares during the period. Finally, Westside Investment Management Inc. boosted its holdings in shares of T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors 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.