T-Mobile US, Inc. (NASDAQ:TMUS) Receives $245.74 Consensus Price Target from Analysts

T-Mobile US, Inc. (NASDAQ:TMUS) has been assigned an average rating of “Moderate Buy” from the twenty-one ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $245.74.

A number of brokerages have recently issued reports on TMUS. Royal Bank of Canada cut shares of T-Mobile US from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $255.00 to $240.00 in a report on Monday, January 6th. Benchmark boosted their price objective on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Daiwa America raised T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Citigroup raised their price objective on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 target price for the company.

Insider Transactions at T-Mobile US

In related news, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the sale, the director now directly owns 5,653 shares in the company, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the transaction, the director now owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 144,200 shares of company stock worth $32,736,303 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Institutional investors and hedge funds have recently modified their holdings of the company. RBA Wealth Management LLC grew its stake in T-Mobile US by 1.8% during the fourth quarter. RBA Wealth Management LLC now owns 20,902 shares of the Wireless communications provider’s stock valued at $4,614,000 after acquiring an additional 372 shares in the last quarter. Patron Partners LLC grew its position in shares of T-Mobile US by 3.9% during the 4th quarter. Patron Partners LLC now owns 3,344 shares of the Wireless communications provider’s stock valued at $738,000 after purchasing an additional 125 shares in the last quarter. Financial Life Planners bought a new position in shares of T-Mobile US in the fourth quarter worth $29,000. Rice Partnership LLC purchased a new stake in shares of T-Mobile US in the fourth quarter worth $7,678,000. Finally, Resonant Capital Advisors LLC boosted its stake in T-Mobile US by 3.6% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,488 shares of the Wireless communications provider’s stock valued at $328,000 after buying an additional 52 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of TMUS opened at $218.57 on Monday. The business’s fifty day moving average is $226.93 and its 200 day moving average is $211.85. T-Mobile US has a 12-month low of $158.84 and a 12-month high of $248.15. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The stock has a market cap of $253.65 billion, a P/E ratio of 24.92, a P/E/G ratio of 1.08 and a beta of 0.56.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.61%. T-Mobile US’s dividend payout ratio is presently 40.14%.

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.