Brokerages Set T-Mobile US, Inc. (NASDAQ:TMUS) Target Price at $257.68

T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-three analysts that are covering the company, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $257.68.

A number of brokerages have issued reports on TMUS. Benchmark reaffirmed a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a report on Thursday, March 27th. Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. JPMorgan Chase & Co. raised their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective for the company. in a research report on Friday, March 14th. Finally, Royal Bank Of Canada raised their price objective on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, March 21st.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $221.80, for a total transaction of $15,490,512.00. Following the completion of the transaction, the director now owns 648,359,244 shares in the company, valued at $143,806,080,319.20. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 279,360 shares of company stock valued at $63,022,219. Company insiders own 0.37% of the company's stock.

Hedge Funds Weigh In On T-Mobile US

A number of large investors have recently bought and sold shares of the business. Norges Bank bought a new position in shares of T-Mobile US in the fourth quarter worth about $1,802,393,000. GAMMA Investing LLC grew its stake in T-Mobile US by 29,289.4% in the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock worth $814,416,000 after acquiring an additional 3,043,173 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after acquiring an additional 2,777,657 shares in the last quarter. Nuveen LLC bought a new position in T-Mobile US in the 1st quarter worth about $618,248,000. Finally, Raymond James Financial Inc. bought a new position in T-Mobile US in the 4th quarter worth about $452,721,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

TMUS stock traded up $0.53 during trading on Thursday, reaching $221.52. The company's stock had a trading volume of 8,850,602 shares, compared to its average volume of 4,071,426. T-Mobile US has a 1 year low of $173.74 and a 1 year high of $276.49. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $251.52 billion, a P/E ratio of 21.61, a price-to-earnings-growth ratio of 1.22 and a beta of 0.64. The company's fifty day moving average is $243.17 and its 200-day moving average is $243.06.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. During the same quarter last year, the business posted $2.00 earnings per share. The firm's revenue was up 6.6% on a year-over-year basis. On average, research analysts expect 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. Shareholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is 34.34%.

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.