T-Mobile US (NASDAQ:TMUS) Stock Price Expected to Rise, Barclays Analyst Says

T-Mobile US (NASDAQ:TMUS) had its price objective lifted by Barclays from $230.00 to $250.00 in a research report report published on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the Wireless communications provider’s stock.

Several other analysts also recently weighed in on TMUS. Morgan Stanley assumed coverage on T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 target price for the company. UBS Group lifted their price target on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Wells Fargo & Company raised their target price on shares of T-Mobile US from $220.00 to $235.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Benchmark reissued a “buy” rating and issued a $255.00 target price on shares of T-Mobile US in a report on Tuesday, January 28th. Finally, BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $251.26.

T-Mobile US Trading Up 2.2 %

NASDAQ:TMUS opened at $242.43 on Monday. The business’s 50-day moving average is $226.03 and its two-hundred day moving average is $214.53. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US has a 12 month low of $158.84 and a 12 month high of $248.15. The firm has a market capitalization of $281.34 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 1.38 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating 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%. Research analysts predict that T-Mobile US will post 10.18 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.45%. T-Mobile US’s payout ratio is 36.40%.

Insider Buying and Selling

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the transaction, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction that occurred 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 completion of the transaction, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. This trade represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,100 shares of company stock valued at $5,501,978 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TMUS. SRS Capital Advisors Inc. grew its position in T-Mobile US by 1,233.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 4,308 shares of the Wireless communications provider’s stock worth $951,000 after purchasing an additional 3,985 shares in the last quarter. Asahi Life Asset Management CO. LTD. purchased a new position in T-Mobile US during the 4th quarter worth approximately $528,000. Norden Group LLC grew its holdings in shares of T-Mobile US by 13.7% during the 4th quarter. Norden Group LLC now owns 5,400 shares of the Wireless communications provider’s stock valued at $1,192,000 after acquiring an additional 651 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of T-Mobile US by 15.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,566 shares of the Wireless communications provider’s stock valued at $1,670,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Purkiss Capital Advisors LLC purchased a new position in shares of T-Mobile US during the 4th quarter valued at $226,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

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.