T-Mobile US (NASDAQ:TMUS) Price Target Raised to $300.00

T-Mobile US (NASDAQ:TMUS) had its target price upped by Deutsche Bank Aktiengesellschaft from $280.00 to $300.00 in a research note published on Thursday,MarketScreener reports.

TMUS has been the subject of several other reports. JPMorgan Chase & Co. upped their price objective on T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. Arete Research upgraded T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Bank of America initiated coverage on T-Mobile US in a research report on Monday, July 7th. They set a “neutral” rating and a $255.00 target price on the stock. Redburn Atlantic upgraded T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Finally, Morgan Stanley boosted their target price on T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $262.50.

T-Mobile US Stock Up 0.1%

TMUS opened at $230.27 on Thursday. The business has a 50 day moving average price of $244.56 and a two-hundred day moving average price of $243.99. 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 company has a market cap of $259.15 billion, a PE ratio of 21.72, a P/E/G ratio of 1.27 and a beta of 0.59. T-Mobile US has a 52 week low of $206.18 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.49 EPS. As a group, research analysts anticipate that T-Mobile US will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. T-Mobile US’s payout ratio is currently 33.21%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $239.54, for a total transaction of $15,432,604.04. Following the sale, the director owned 634,112,640 shares in the company, valued at $151,895,341,785.60. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 2,584,633 shares of company stock worth $623,559,263 in the last 90 days. 0.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

Several hedge funds have recently made changes to their positions in TMUS. Activest Wealth Management boosted its holdings in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 94 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of T-Mobile US during the second quarter worth $25,000. Godsey & Gibb Inc. boosted its holdings in shares of T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 60 shares during the last quarter. Missouri Trust & Investment Co boosted its holdings in shares of T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares during the last quarter. Finally, Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US during the first quarter worth $29,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

About T-Mobile US

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.