T-Mobile US (NASDAQ:TMUS) Price Target Raised to $270.00

Key Points

• Royal Bank of Canada analysts have raised T-Mobile US's target price from $265.00 to $270.00, indicating a potential upside of 10.64%.
• Despite mixed ratings from various analysts, the consensus rating for T-Mobile US is currently a "Moderate Buy" with a consensus price target of $256.31.
• In the latest earnings report, T-Mobile US reported an EPS of $2.84, exceeding analysts' estimates and reflecting a 6.9% increase in revenue year-over-year.
• Insider activity shows that Telekom AG sold 69,840 shares worth approximately $16.6 million, resulting in a minimal decrease in their ownership percentage.

T-Mobile US (NASDAQ:TMUS - Free Report) had its price objective increased by Royal Bank Of Canada from $265.00 to $270.00 in a research note published on Friday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the Wireless communications provider's stock.

Several other equities research analysts have also issued reports on the stock. Morgan Stanley lifted their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a report on Monday, July 7th. KeyCorp reiterated an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Finally, Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $256.31.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded down $3.95 during mid-day trading on Friday, reaching $243.55. 5,204,895 shares of the company's stock were exchanged, compared to its average volume of 4,120,475. The firm has a market capitalization of $274.10 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 1.35 and a beta of 0.62. T-Mobile US has a 52 week low of $173.74 and a 52 week high of $276.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.08. The firm has a 50-day moving average price of $235.19 and a two-hundred day moving average price of $244.65.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.49 EPS. Analysts predict that T-Mobile US will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm 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. This represents a $3.52 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is currently 33.21%.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total transaction of $16,246,879.20. Following the completion of the sale, the director directly owned 646,822,764 shares of the company's stock, valued at $150,470,379,589.32. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 1,326,510 shares of company stock worth $305,246,018. Insiders own 0.37% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TMUS. Activest Wealth Management increased its position 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 valued at $25,000 after buying an additional 94 shares in the last quarter. Godsey & Gibb Inc. increased its position 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 valued at $27,000 after buying an additional 60 shares in the last quarter. Stone House Investment Management LLC acquired a new position in T-Mobile US during the 1st quarter valued at about $29,000. TCTC Holdings LLC increased its position 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 valued at $30,000 after buying an additional 77 shares in the last quarter. Finally, Missouri Trust & Investment Co increased its position 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 valued at $28,000 after buying an additional 105 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

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.