T-Mobile US (NASDAQ:TMUS) Given New $275.00 Price Target at Oppenheimer

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

A number of other brokerages have also recently issued reports on TMUS. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. 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 note on Thursday, December 12th. Royal Bank of Canada lifted their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the stock a “sector perform” rating in a research report on Thursday. Citigroup upped their price target on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Bank of America lifted their price target on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $250.21.

T-Mobile US Stock Down 0.6 %

TMUS stock opened at $232.97 on Friday. The firm has a 50-day moving average price of $226.32 and a 200-day moving average price of $212.97. T-Mobile US has a 12 month low of $158.84 and a 12 month high of $248.15. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $270.36 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data 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 net margin of 13.93% and a return on equity of 18.00%. As a group, equities research analysts anticipate that T-Mobile US will post 10.15 EPS for the current fiscal year.

T-Mobile US Announces Dividend

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

Insider Activity

In related news, Director Raul Marcelo Claure sold 110,000 shares of T-Mobile US stock in a transaction on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the sale, the director now owns 1,441,204 shares of the company’s stock, valued at approximately $323,262,057.20. This trade represents a 7.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Nestor Cano sold 11,100 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $1,015,300. The trade was a 71.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,200 shares of company stock worth $32,736,303 in the last three months. Company insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds have recently added to or reduced their stakes in TMUS. Global Retirement Partners LLC lifted its holdings in shares of T-Mobile US by 48.6% in the fourth quarter. Global Retirement Partners LLC now owns 11,466 shares of the Wireless communications provider’s stock valued at $2,531,000 after purchasing an additional 3,748 shares in the last quarter. Convergence Investment Partners LLC lifted its stake in T-Mobile US by 297.5% during the 4th quarter. Convergence Investment Partners LLC now owns 5,954 shares of the Wireless communications provider’s stock valued at $1,314,000 after acquiring an additional 4,456 shares in the last quarter. Davidson Investment Advisors boosted its holdings in T-Mobile US by 1.3% during the 4th 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 bought a new stake in shares of T-Mobile US in the 4th quarter worth $559,000. Finally, Key Financial Inc raised its holdings in shares of T-Mobile US by 49.4% in the fourth quarter. Key Financial Inc now owns 378 shares of the Wireless communications provider’s stock valued at $83,000 after purchasing an additional 125 shares during the last quarter. Institutional investors and hedge funds 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.