T-Mobile US (NASDAQ:TMUS) Price Target Raised to $260.00 at Royal Bank of Canada

T-Mobile US (NASDAQ:TMUS) had its target price hoisted by Royal Bank of Canada from $245.00 to $260.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a sector perform rating on the Wireless communications provider’s stock.

Several other research firms also recently weighed in on TMUS. Hsbc Global Res downgraded T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Tuesday, March 18th. Sanford C. Bernstein started coverage on T-Mobile US in a research report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective on the stock. Finally, HSBC cut T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a research report on Wednesday, March 5th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.80.

T-Mobile US Stock Down 0.5 %

TMUS stock opened at $255.84 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The company has a market capitalization of $292.10 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The business’s 50 day moving average price is $248.19 and its two-hundred day moving average price is $230.79. T-Mobile US has a fifty-two week low of $159.14 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, analysts forecast that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.38%. T-Mobile US’s dividend payout ratio (DPR) is 36.40%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

A number of institutional investors and hedge funds have recently bought and sold shares of TMUS. Dunhill Financial LLC raised its holdings in T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 56 shares during the period. Rakuten Securities Inc. increased its holdings in shares of T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 62 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in shares of T-Mobile US in the fourth quarter worth about $28,000. Financial Life Planners bought a new stake in shares of T-Mobile US in the fourth quarter worth about $29,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of T-Mobile US in the third quarter worth about $34,000. 42.49% of the stock is owned by institutional investors.

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.