Sanford C. Bernstein initiated coverage on shares of T-Mobile US (NASDAQ:TMUS - Free Report) in a report released on Tuesday morning, Marketbeat reports. The brokerage issued a market perform rating and a $265.00 price target on the Wireless communications provider's stock.
A number of other research firms have also recently issued reports on TMUS. Wells Fargo & Company raised their target price on shares of T-Mobile US from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. BNP Paribas upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Friday, October 25th. Citigroup upped their target price on T-Mobile US from $210.00 to $254.00 and gave the company a "buy" rating in a research report on Monday, October 21st. JPMorgan Chase & Co. lifted their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Finally, KeyCorp upped their price objective on T-Mobile US from $230.00 to $252.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $245.42.
Get Our Latest Research Report on T-Mobile US
T-Mobile US Stock Performance
NASDAQ:TMUS traded up $4.64 during mid-day trading on Tuesday, hitting $233.50. The stock had a trading volume of 5,213,276 shares, compared to its average volume of 4,360,537. T-Mobile US has a twelve month low of $153.84 and a twelve month high of $248.15. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The stock has a market cap of $270.97 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 1.24 and a beta of 0.53. The company's 50 day simple moving average is $228.52 and its 200 day simple moving average is $201.51.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company had revenue of $20.16 billion during the quarter, compared to analysts' expectations of $20.01 billion. During the same period last year, the firm posted $1.82 earnings per share. The business's revenue was up 4.7% on a year-over-year basis. On average, equities research analysts forecast that T-Mobile US will post 9.38 earnings per share for the current year.
T-Mobile US Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.51%. T-Mobile US's dividend payout ratio (DPR) is currently 40.14%.
Insider Activity
In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the transaction, the director now directly owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. This represents a 7.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Srikant M. Datar sold 1,000 shares of the business's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the sale, the director now directly owns 5,021 shares in the company, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 341,178 shares of company stock worth $73,048,712. Corporate insiders own 0.67% of the company's stock.
Institutional Investors Weigh In On T-Mobile US
Several institutional investors and hedge funds have recently made changes to their positions in TMUS. FMR LLC boosted its position in T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider's stock valued at $2,660,758,000 after acquiring an additional 1,522,394 shares during the last quarter. Barclays PLC boosted its position in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after purchasing an additional 876,182 shares in the last quarter. Wellington Management Group LLP grew its stake in T-Mobile US by 4.0% during the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock worth $3,203,642,000 after purchasing an additional 602,786 shares during the period. Franklin Resources Inc. increased its holdings in T-Mobile US by 9.9% in the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock worth $1,448,426,000 after purchasing an additional 590,711 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of T-Mobile US by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider's stock worth $837,032,000 after buying an additional 303,582 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.
T-Mobile US Company Profile
(
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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.
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