T-Mobile US (NASDAQ:TMUS) Price Target Increased to $215.50 by Analysts at Scotiabank

T-Mobile US (NASDAQ:TMUS) had its target price boosted by Scotiabank from $197.00 to $215.50 in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has a sector outperform rating on the Wireless communications provider’s stock.

Other research analysts have also issued research reports about the company. StockNews.com upgraded T-Mobile US from a hold rating to a buy rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a buy rating in a research report on Thursday, July 18th. TD Cowen lifted their price objective on T-Mobile US from $202.00 to $216.00 and gave the stock a buy rating in a report on Thursday, August 1st. Oppenheimer increased their target price on T-Mobile US from $200.00 to $215.00 and gave the company an outperform rating in a report on Thursday. Finally, KeyCorp lifted their price target on T-Mobile US from $190.00 to $230.00 and gave the stock an overweight rating in a research note on Monday, September 16th. Eighteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of Buy and an average target price of $211.92.

T-Mobile US Stock Down 0.1 %

T-Mobile US stock opened at $199.44 on Thursday. The business’s 50-day simple moving average is $192.29 and its two-hundred day simple moving average is $176.60. The company has a market cap of $233.71 billion, a PE ratio of 27.13, a PEG ratio of 0.74 and a beta of 0.51. T-Mobile US has a fifty-two week low of $135.82 and a fifty-two week high of $206.30. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84.

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 analysts’ consensus estimates of $2.27 by $0.22. The business had revenue of $19.77 billion during 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%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.86 EPS. Equities analysts anticipate that T-Mobile US will post 9.18 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.76%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is 35.37%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $175.86, for a total value of $23,470,451.46. Following the completion of the sale, the director now directly owns 670,545,206 shares of the company’s stock, valued at approximately $117,922,079,927.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the transaction, the director now directly owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $175.86, for a total value of $23,470,451.46. Following the sale, the director now owns 670,545,206 shares in the company, valued at $117,922,079,927.16. The disclosure for this sale can be found here. Insiders have sold a total of 573,414 shares of company stock valued at $107,147,801 over the last quarter. 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 the business. WASHINGTON TRUST Co raised its position in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of T-Mobile US during the 2nd quarter worth approximately $27,000. Y.D. More Investments Ltd purchased a new stake in T-Mobile US in the 2nd quarter valued at approximately $27,000. Westside Investment Management Inc. grew its holdings in 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 during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in T-Mobile US during the second quarter worth $30,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

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.