T-Mobile US (NASDAQ:TMUS) Reaches New 52-Week High After Analyst Upgrade

T-Mobile US, Inc. (NASDAQ:TMUS)’s stock price reached a new 52-week high during mid-day trading on Monday after Scotiabank raised their price target on the stock from $247.00 to $275.00. Scotiabank currently has a sector perform rating on the stock. T-Mobile US traded as high as $274.69 and last traded at $275.37, with a volume of 561095 shares traded. The stock had previously closed at $269.69.

Several other research analysts also recently weighed in on TMUS. JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Tigress Financial reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Barclays boosted their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley assumed coverage on shares of T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 target price for the company. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $253.26.

Insider Transactions at T-Mobile US

In other news, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the sale, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andre Almeida bought 3,808 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were purchased at an average price of $235.72 per share, with a total value of $897,621.76. Following the acquisition, the director now directly owns 3,808 shares in the company, valued at approximately $897,621.76. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company 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 stock. Wellington Management Group LLP boosted its holdings in T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock worth $3,203,642,000 after acquiring an additional 602,786 shares during the period. FMR LLC boosted its holdings in T-Mobile US by 13.4% in the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after acquiring an additional 1,522,394 shares during the period. Geode Capital Management LLC boosted its holdings in T-Mobile US by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider’s stock worth $2,610,542,000 after acquiring an additional 90,755 shares during the period. Invesco Ltd. boosted its holdings in T-Mobile US by 4.6% in the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider’s stock worth $1,944,503,000 after acquiring an additional 384,956 shares during the period. Finally, Norges Bank purchased a new position in T-Mobile US in the 4th quarter worth approximately $1,802,393,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

The stock has a market cap of $311.50 billion, a PE ratio of 28.21, a PEG ratio of 1.55 and a beta of 0.56. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a fifty day simple moving average of $236.54 and a two-hundred day simple moving average of $224.74.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is currently 36.40%.

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.