T-Mobile US (NASDAQ:TMUS) Price Target Raised to $285.00 at Morgan Stanley

T-Mobile US (NASDAQ:TMUS - Free Report) had its price objective lifted by Morgan Stanley from $265.00 to $285.00 in a report released on Thursday morning,Benzinga reports. They currently have an overweight rating on the Wireless communications provider's stock.

TMUS has been the topic of a number of other research reports. KeyCorp reissued an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Finally, Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus target price of $255.83.

T-Mobile US Stock Performance

TMUS stock traded up $13.57 during mid-day trading on Thursday, hitting $247.50. The company had a trading volume of 8,621,870 shares, compared to its average volume of 3,906,431. The firm has a market cap of $281.02 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 1.30 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. T-Mobile US has a 12 month low of $173.74 and a 12 month high of $276.49. The stock's fifty day moving average price is $235.18 and its two-hundred day moving average price is $244.24.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.59%. The company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the previous year, the firm posted $2.49 earnings per share. The company's quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts forecast that T-Mobile US will post 10.37 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, September 11th. Investors of record on Friday, August 29th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.42%. T-Mobile US's dividend payout ratio is 34.34%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the sale, the director owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 1,326,510 shares of company stock worth $305,246,018. Company insiders own 0.37% of the company's stock.

Institutional Investors Weigh In On T-Mobile US

Several institutional investors have recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC lifted its position in shares of T-Mobile US by 79.5% in the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock worth $436,000 after purchasing an additional 724 shares during the period. Burling Wealth Partners LLC purchased a new stake in shares of T-Mobile US in the 4th quarter worth about $2,539,000. Advisor Resource Council purchased a new stake in shares of T-Mobile US in the 1st quarter worth about $463,000. Main Street Research LLC lifted its position in shares of T-Mobile US by 1.0% in the 1st quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock worth $47,448,000 after purchasing an additional 1,788 shares during the period. Finally, Westpac Banking Corp lifted its position in T-Mobile US by 25.4% during the 4th quarter. Westpac Banking Corp now owns 10,439 shares of the Wireless communications provider's stock valued at $2,304,000 after acquiring an additional 2,113 shares during the period. Hedge funds and other institutional investors 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.