T-Mobile US (NASDAQ:TMUS) Price Target Increased to $237.00 by Analysts at Scotiabank

T-Mobile US (NASDAQ:TMUS) had its price target increased by Scotiabank from $236.00 to $237.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a sector perform rating on the Wireless communications provider’s stock.

TMUS has been the topic of a number of other reports. Barclays boosted their price objective on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday. Royal Bank of Canada upped their price target on shares of T-Mobile US from $200.00 to $232.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Wells Fargo & Company lifted their price objective on T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. TD Cowen upped their target price on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $240.17.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $226.36 on Thursday. The stock has a market cap of $264.11 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.15 and a beta of 0.51. T-Mobile US has a 12 month low of $138.42 and a 12 month high of $234.56. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The business has a fifty day simple moving average of $206.12 and a 200-day simple moving average of $185.23.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $1.82 EPS. On average, sell-side analysts anticipate that T-Mobile US will post 9.22 EPS 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 12th. Investors of record on Wednesday, November 27th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is 32.58%.

Insiders Place Their Bets

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the sale, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the sale, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the transaction, the insider now directly owns 162,628 shares in the company, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 349,261 shares of company stock valued at $69,411,130 in the last quarter. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Several hedge funds have recently made changes to their positions in the stock. DT Investment Partners LLC raised its holdings in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares in the last quarter. Davis Investment Partners LLC raised its stake in shares of T-Mobile US by 0.6% in the third quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock valued at $1,711,000 after purchasing an additional 51 shares in the last quarter. Barden Capital Management Inc. lifted its position in T-Mobile US by 0.8% in the third quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock worth $1,408,000 after purchasing an additional 54 shares during the period. Compton Wealth Advisory Group LLC boosted its stake in T-Mobile US by 0.4% during the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock worth $2,644,000 after buying an additional 56 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in T-Mobile US by 0.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock valued at $1,468,000 after buying an additional 56 shares during the period. Institutional investors 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.