TD Cowen Raises T-Mobile US (NASDAQ:TMUS) Price Target to $216.00

T-Mobile US (NASDAQ:TMUS) had its target price hoisted by TD Cowen from $202.00 to $216.00 in a research report released on Thursday, Benzinga reports. They currently have a buy rating on the Wireless communications provider’s stock.

A number of other equities research analysts have also weighed in on TMUS. The Goldman Sachs Group began coverage on T-Mobile US in a research note on Monday, July 1st. They set a buy rating and a $200.00 price target on the stock. Royal Bank of Canada increased their target price on T-Mobile US from $184.00 to $188.00 and gave the company an outperform rating in a research report on Friday, April 26th. Citigroup raised their price objective on T-Mobile US from $184.00 to $210.00 and gave the company a buy rating in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft raised their price objective on T-Mobile US from $185.00 to $200.00 and gave the company a buy rating in a report on Thursday, July 18th. Finally, Barclays raised their price objective on T-Mobile US from $180.00 to $200.00 and gave the company an overweight rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US presently has an average rating of Buy and an average target price of $196.75.

T-Mobile US Stock Performance

TMUS stock opened at $188.76 on Thursday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.86. The business has a 50-day moving average price of $177.82 and a 200 day moving average price of $168.07. The company has a market capitalization of $220.24 billion, a P/E ratio of 25.68, a PEG ratio of 0.76 and a beta of 0.51. T-Mobile US has a 1-year low of $131.47 and a 1-year high of $193.77.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.22. The firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.86 earnings per share. As a group, equities research analysts forecast that T-Mobile US will post 9.05 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis 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 Buying and Selling

In related news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $177.59, for a total transaction of $532,770.00. Following the completion of the sale, the insider now directly owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US 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 completion of the transaction, the director now directly owns 676,210,341 shares of the company’s stock, valued at $111,054,024,302.43. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,830,118 shares of company stock valued at $654,898,628. 0.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently made changes to their positions in TMUS. Venturi Wealth Management LLC lifted its stake in T-Mobile US by 52.6% during the fourth quarter. Venturi Wealth Management LLC now owns 290 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 100 shares during the last quarter. Trust Point Inc. acquired a new stake in T-Mobile US in the fourth quarter valued at $1,112,000. Richard W. Paul & Associates LLC acquired a new stake in T-Mobile US in the fourth quarter valued at $153,000. Ballentine Partners LLC grew its holdings in T-Mobile US by 6.0% in the fourth quarter. Ballentine Partners LLC now owns 6,945 shares of the Wireless communications provider’s stock valued at $1,113,000 after purchasing an additional 394 shares during the last quarter. Finally, Advisory Alpha LLC acquired a new stake in T-Mobile US in the fourth quarter valued at $200,000. 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.