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

T-Mobile US (NASDAQ:TMUS) had its price objective upped by Scotiabank from $247.00 to $275.00 in a report published on Monday morning,Benzinga reports. They currently have a sector perform rating on the Wireless communications provider’s stock.

Several other equities analysts also recently issued reports on TMUS. KeyCorp downgraded T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective for the company. in a research report on Thursday, December 12th. Benchmark restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Oppenheimer boosted their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $253.26.

T-Mobile US Stock Up 1.2 %

Shares of T-Mobile US stock opened at $272.83 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a market cap of $311.50 billion, a P/E ratio of 28.21, a P/E/G ratio of 1.55 and a beta of 0.56. T-Mobile US has a fifty-two week low of $158.84 and a fifty-two week high of $276.49. The business has a 50-day moving average price of $236.54 and a 200 day moving average price of $224.74.

T-Mobile US (NASDAQ:TMUS) last posted 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%. On average, sell-side analysts forecast that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

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

Insider Buying and Selling at T-Mobile US

In other news, Director Andre Almeida bought 3,808 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was bought at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the purchase, the director now owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the transaction, the director now owns 5,653 shares of the company’s stock, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its position in shares of T-Mobile US by 34.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,778 shares of the Wireless communications provider’s stock valued at $780,000 after acquiring an additional 974 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in T-Mobile US by 146.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 158,744 shares of the Wireless communications provider’s stock worth $32,758,000 after purchasing an additional 94,242 shares during the period. Roman Butler Fullerton & Co. boosted its stake in T-Mobile US by 13.9% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 3,048 shares of the Wireless communications provider’s stock worth $662,000 after purchasing an additional 372 shares during the period. Intact Investment Management Inc. lifted its position in T-Mobile US by 7.0% during the 3rd quarter. Intact Investment Management Inc. now owns 5,340 shares of the Wireless communications provider’s stock worth $1,102,000 after buying an additional 350 shares in the last quarter. Finally, National Pension Service lifted its position in T-Mobile US by 12.6% during the 3rd quarter. National Pension Service now owns 1,231,751 shares of the Wireless communications provider’s stock worth $254,184,000 after buying an additional 137,527 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

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.