T-Mobile US (NASDAQ:TMUS) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley initiated coverage on shares of T-Mobile US (NASDAQ:TMUS) in a research note published on Monday. The brokerage issued an overweight rating and a $280.00 target price on the Wireless communications provider’s stock.

TMUS has been the subject of a number of other reports. Benchmark raised their price objective on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Evercore ISI lifted their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Royal Bank of Canada increased their price objective on shares of T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, UBS Group boosted their target price on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $247.58.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $229.47 on Monday. The company’s 50-day moving average is $231.00 and its two-hundred day moving average is $203.79. T-Mobile US has a 1-year low of $153.84 and a 1-year high of $248.15. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The firm has a market capitalization of $266.30 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 1.20 and a beta of 0.53.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.82 earnings per share. Analysts forecast that T-Mobile US will post 9.38 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $246.00, for a total value of $246,000.00. Following the completion of the transaction, the director now owns 4,021 shares in the company, valued at $989,166. This represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now owns 378,124 shares in the company, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 208,869 shares of company stock worth $47,018,239 over the last 90 days. 0.67% of the stock is owned by insiders.

Institutional Trading of T-Mobile US

Several institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC increased its stake in T-Mobile US by 38.3% in the third 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 during the period. International Assets Investment Management LLC increased its position in T-Mobile US by 21,580.9% in the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after acquiring an additional 248,828 shares during the period. Swedbank AB increased its position in T-Mobile US by 5.1% in the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after acquiring an additional 12,411 shares during the period. Raymond James Trust N.A. raised its stake in T-Mobile US by 55.2% during the 3rd quarter. Raymond James Trust N.A. now owns 35,752 shares of the Wireless communications provider’s stock valued at $7,378,000 after acquiring an additional 12,712 shares during the last quarter. Finally, Passumpsic Savings Bank acquired a new stake in T-Mobile US during the 3rd quarter worth approximately $2,634,000. Hedge funds and other 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.