T-Mobile US (NASDAQ:TMUS - Free Report) had its price objective reduced by TD Cowen from $204.00 to $202.00 in a research note published on Friday, Benzinga reports. TD Cowen currently has a buy rating on the Wireless communications provider's stock.
A number of other research analysts have also recently issued reports on TMUS. KeyCorp lifted their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an overweight rating in a research note on Friday. Raymond James boosted their target price on shares of T-Mobile US from $180.00 to $185.00 and gave the stock a strong-buy rating in a research note on Friday, January 26th. Citigroup boosted their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a buy rating in a research note on Monday, March 25th. Tigress Financial boosted their target price on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a buy rating in a research note on Thursday, February 8th. Finally, Wells Fargo & Company boosted their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an overweight rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of $186.33.
Check Out Our Latest Research Report on T-Mobile US
T-Mobile US Price Performance
NASDAQ:TMUS traded down $0.09 during mid-day trading on Friday, reaching $163.96. The stock had a trading volume of 7,968,973 shares, compared to its average volume of 4,564,574. The stock has a 50-day simple moving average of $162.51 and a two-hundred day simple moving average of $156.98. The stock has a market capitalization of $194.60 billion, a PE ratio of 23.66, a P/E/G ratio of 0.68 and a beta of 0.49. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US has a 12 month low of $124.92 and a 12 month high of $168.64.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.17. The business had revenue of $19.59 billion for the quarter, compared to analysts' expectations of $19.81 billion. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The firm's quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $1.58 earnings per share. On average, equities analysts anticipate that T-Mobile US will post 8.83 earnings per share for the current year.
T-Mobile US Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be issued a $0.65 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.60 annualized dividend and a yield of 1.59%. T-Mobile US's payout ratio is 37.52%.
Insider Activity at T-Mobile US
In related news, insider Callie R. Field sold 5,844 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the transaction, the insider now owns 102,555 shares in the company, valued at $17,274,364.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other T-Mobile US news, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction on Monday, January 29th. The shares were sold at an average price of $161.85, for a total value of $31,546,183.50. Following the completion of the sale, the director now directly owns 689,930,831 shares of the company's stock, valued at $111,665,304,997.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Callie R. Field sold 5,844 shares of T-Mobile US stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the completion of the sale, the insider now directly owns 102,555 shares of the company's stock, valued at $17,274,364.20. The disclosure for this sale can be found here. Insiders have sold a total of 5,800,979 shares of company stock worth $940,632,554 over the last quarter. Company insiders own 0.70% of the company's stock.
Institutional Investors Weigh In On T-Mobile US
Several hedge funds and other institutional investors have recently bought and sold shares of TMUS. Exchange Traded Concepts LLC increased its position in shares of T-Mobile US by 4,568.0% during the third quarter. Exchange Traded Concepts LLC now owns 4,528 shares of the Wireless communications provider's stock worth $634,000 after acquiring an additional 4,431 shares in the last quarter. CX Institutional increased its position in shares of T-Mobile US by 32.7% during the third quarter. CX Institutional now owns 4,291 shares of the Wireless communications provider's stock worth $601,000 after acquiring an additional 1,058 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of T-Mobile US by 1.4% during the third quarter. Handelsbanken Fonder AB now owns 172,146 shares of the Wireless communications provider's stock worth $24,109,000 after acquiring an additional 2,343 shares in the last quarter. Ballentine Partners LLC increased its position in shares of T-Mobile US by 25.6% during the third quarter. Ballentine Partners LLC now owns 6,551 shares of the Wireless communications provider's stock worth $917,000 after acquiring an additional 1,336 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its position in shares of T-Mobile US by 178.7% during the third quarter. Valeo Financial Advisors LLC now owns 4,688 shares of the Wireless communications provider's stock worth $657,000 after acquiring an additional 3,006 shares in the last quarter. 42.49% of the stock is owned by institutional investors.
About T-Mobile US
(
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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.
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