T-Mobile US, Inc. (NASDAQ:TMUS) Receives $254.56 Average Price Target from Brokerages

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) have been given a consensus rating of “Moderate Buy” by the thirty analysts that are presently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, twenty-two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $252.08.

Several equities analysts have recently weighed in on TMUS shares. The Goldman Sachs Group reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Weiss Ratings lowered T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 15th. KeyCorp decreased their price target on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a report on Wednesday, April 22nd. Finally, Arete Research raised their price objective on shares of T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $173.34 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $185.94 billion, a PE ratio of 18.15, a P/E/G ratio of 1.02 and a beta of 0.33. T-Mobile US has a twelve month low of $165.66 and a twelve month high of $261.56. The company has a 50-day moving average price of $183.52 and a two-hundred day moving average price of $195.06.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.84 earnings per share. Equities analysts forecast that T-Mobile US will post 10.69 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 42.72%.

Insider Buying and Selling at T-Mobile US

In other news, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the transaction, the chief operating officer owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ballast Inc. grew its holdings in shares of T-Mobile US by 37.0% during the second quarter. Ballast Inc. now owns 8,367 shares of the Wireless communications provider’s stock worth $1,403,000 after purchasing an additional 2,258 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in T-Mobile US by 0.6% in the second quarter. Wedge Capital Management L L P NC now owns 80,474 shares of the Wireless communications provider’s stock valued at $13,498,000 after purchasing an additional 483 shares in the last quarter. Accel Wealth Management bought a new stake in T-Mobile US during the second quarter valued at approximately $245,000. Heck Capital Advisors LLC lifted its position in T-Mobile US by 47.1% during the second quarter. Heck Capital Advisors LLC now owns 4,338 shares of the Wireless communications provider’s stock valued at $728,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Tema ETFs LLC grew its stake in T-Mobile US by 24.6% in the 2nd quarter. Tema ETFs LLC now owns 9,314 shares of the Wireless communications provider’s stock worth $1,562,000 after buying an additional 1,837 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.