T-Mobile US (NASDAQ:TMUS) Price Target Raised to $275.00

T-Mobile US (NASDAQ:TMUS) had its price objective upped by Oppenheimer from $250.00 to $275.00 in a research report sent to investors on Friday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the Wireless communications provider’s stock.

Other equities analysts have also issued research reports about the company. Citigroup raised their price target on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Scotiabank raised their price target on T-Mobile US from $234.00 to $247.00 and gave the company a “sector perform” rating in a research note on Thursday. Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their price target on T-Mobile US from $220.00 to $235.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Tigress Financial raised their price objective on T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $250.21.

T-Mobile US Stock Performance

TMUS stock opened at $232.97 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The business’s fifty day simple moving average is $226.22 and its two-hundred day simple moving average is $213.53. T-Mobile US has a twelve month low of $158.84 and a twelve month high of $248.15. The firm has a market cap of $270.36 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 1.17 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.00% and a net margin of 13.93%. Analysts predict that T-Mobile US will post 10.15 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.51%. T-Mobile US’s payout ratio is 36.40%.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now owns 5,021 shares in the company, valued at $1,241,140.99. This trade represents a 16.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Nestor Cano sold 11,100 shares of T-Mobile US stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $1,015,300. This trade represents a 71.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,200 shares of company stock valued at $8,063,303. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC boosted its position in T-Mobile US by 48.6% during the fourth quarter. Global Retirement Partners LLC now owns 11,466 shares of the Wireless communications provider’s stock worth $2,531,000 after acquiring an additional 3,748 shares during the last quarter. Convergence Investment Partners LLC boosted its position in T-Mobile US by 297.5% during the fourth quarter. Convergence Investment Partners LLC now owns 5,954 shares of the Wireless communications provider’s stock worth $1,314,000 after acquiring an additional 4,456 shares during the last quarter. Davidson Investment Advisors boosted its position in T-Mobile US by 1.3% during the fourth quarter. Davidson Investment Advisors now owns 122,926 shares of the Wireless communications provider’s stock worth $27,133,000 after acquiring an additional 1,531 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in T-Mobile US during the fourth quarter worth about $559,000. Finally, Key Financial Inc boosted its position in T-Mobile US by 49.4% during the fourth quarter. Key Financial Inc now owns 378 shares of the Wireless communications provider’s stock worth $83,000 after acquiring an additional 125 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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.