T-Mobile US (NASDAQ:TMUS) Given New $280.00 Price Target at Morgan Stanley

T-Mobile US (NASDAQ:TMUS - Free Report) had its price objective boosted by Morgan Stanley from $265.00 to $280.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the Wireless communications provider's stock.

Other research analysts have also issued reports about the company. Royal Bank Of Canada increased their price objective on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. UBS Group lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Bank of America assumed coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 target price on the stock. Finally, KeyCorp reaffirmed an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average target price of $252.61.

T-Mobile US Stock Down 0.1%

Shares of NASDAQ TMUS traded down $0.16 during mid-day trading on Wednesday, reaching $226.88. 1,586,612 shares of the company were exchanged, compared to its average volume of 4,086,087. 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 stock has a market cap of $257.60 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 1.27 and a beta of 0.62. T-Mobile US has a 1 year low of $173.74 and a 1 year high of $276.49. The firm has a 50-day moving average of $235.62 and a 200 day moving average of $243.67.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.00 EPS. On average, research analysts expect that T-Mobile US will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given 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 yield of 1.55%. T-Mobile US's payout ratio is 34.34%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the sale, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 1,116,990 shares of company stock worth $256,892,992 in the last quarter. Company insiders own 0.37% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TMUS. Activest Wealth Management lifted its holdings in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 94 shares during the last quarter. Godsey & Gibb Inc. lifted its holdings in T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 60 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in T-Mobile US during the 1st quarter worth about $29,000. TCTC Holdings LLC lifted its holdings in T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 77 shares during the last quarter. Finally, Missouri Trust & Investment Co lifted its holdings in T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 105 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

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.