T-Mobile US, Inc. (NASDAQ:TMUS) Receives $260.48 Consensus Price Target from Brokerages

T-Mobile US, Inc. (NASDAQ:TMUS) has been assigned an average recommendation of “Moderate Buy” from the thirty ratings firms that are presently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation, twenty-two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $260.48.

Several research analysts have recently weighed in on TMUS shares. Royal Bank Of Canada decreased their price target on T-Mobile US from $255.00 to $240.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Citigroup boosted their price target on T-Mobile US from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Scotiabank decreased their price target on T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating for the company in a research note on Wednesday, April 29th. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 19th.

T-Mobile US Stock Up 0.2%

TMUS stock opened at $178.43 on Thursday. T-Mobile US has a 1-year low of $174.02 and a 1-year high of $261.56. The business has a fifty day moving average price of $192.98 and a 200-day moving average price of $200.34. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. The stock has a market capitalization of $193.10 billion, a P/E ratio of 18.98, a P/E/G ratio of 1.04 and a beta of 0.31.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The firm had revenue of $23.11 billion during the quarter, compared to analysts’ expectations of $22.98 billion. During the same quarter in the previous year, the business earned $2.58 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Equities analysts forecast that T-Mobile US will post 10.65 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, May 29th. T-Mobile US’s dividend payout ratio is 43.40%.

Insider Activity at T-Mobile US

In related news, insider Michael J. Katz sold 5,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the sale, the insider owned 181,930 shares in the company, valued at approximately $35,623,713.30. This represents a 2.67% 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 the SEC website. Also, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the sale, the chief operating officer owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by company insiders.

Institutional Trading of T-Mobile US

Hedge funds have recently bought and sold shares of the company. United Community Bank increased its position in T-Mobile US by 131.1% during the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 59 shares during the last quarter. Main Street Group LTD purchased a new stake in T-Mobile US during the first quarter valued at $25,000. JDM Financial Group LLC increased its position in T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 65 shares during the last quarter. Swiss RE Ltd. purchased a new stake in T-Mobile US during the fourth quarter valued at $29,000. Finally, Turning Point Benefit Group Inc. increased its position in T-Mobile US by 3,825.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after acquiring an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.