Brokerages Set T-Mobile US, Inc. (NASDAQ:TMUS) Price Target at $258.02

T-Mobile US, Inc. (NASDAQ:TMUS) has earned a consensus recommendation of “Moderate Buy” from the twenty-eight research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation, eleven have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $262.50.

Several brokerages have recently commented on TMUS. Deutsche Bank Aktiengesellschaft increased their price objective on T-Mobile US from $280.00 to $300.00 in a report on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of T-Mobile US in a research note on Saturday, September 27th. Royal Bank Of Canada boosted their price target on T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a research note on Friday, July 25th. Moffett Nathanson boosted their price target on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Rothschild & Co Redburn upgraded T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target on the stock in a research note on Monday, July 7th.

T-Mobile US Stock Up 0.1%

T-Mobile US stock opened at $230.27 on Friday. The business has a fifty day moving average of $244.56 and a two-hundred day moving average of $244.10. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The firm has a market cap of $259.15 billion, a P/E ratio of 21.72, a P/E/G ratio of 1.27 and a beta of 0.59. T-Mobile US has a twelve month low of $206.18 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the business earned $2.49 earnings per share. T-Mobile US’s revenue was up 6.9% on a year-over-year basis. On average, analysts forecast that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is currently 38.49%.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares of the company’s stock, valued at $154,195,093,739.52. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 2,584,633 shares of company stock valued at $623,559,263. 0.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On T-Mobile US

Hedge funds have recently made changes to their positions in the company. Activest Wealth Management increased its position in shares of T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 94 shares during the period. Godsey & Gibb Inc. increased its position in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 60 shares during the period. Howard Hughes Medical Institute acquired a new stake in T-Mobile US during the 2nd quarter worth about $25,000. Stone House Investment Management LLC acquired a new stake in T-Mobile US during the 1st quarter worth about $29,000. Finally, TCTC Holdings LLC grew its position in T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 77 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

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.