Morgan Stanley Issues Positive Forecast for T-Mobile US (NASDAQ:TMUS) Stock Price

T-Mobile US (NASDAQ:TMUS) had its target price raised by Morgan Stanley from $265.00 to $280.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the Wireless communications provider’s stock.

A number of other equities analysts have also recently weighed in on the stock. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Rothschild & Co Redburn raised shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. Tigress Financial increased their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Wall Street Zen cut shares of T-Mobile US from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Finally, Bank of America started coverage on shares of T-Mobile US in a research note on Monday, July 7th. They issued a “neutral” rating and a $255.00 price objective on the stock. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $255.12.

T-Mobile US Trading Up 0.1%

NASDAQ TMUS opened at $227.21 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. T-Mobile US has a 52 week low of $173.74 and a 52 week high of $276.49. The stock has a market capitalization of $257.98 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The firm has a 50 day moving average of $235.29 and a two-hundred day moving average of $243.71.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter in the previous year, the firm earned $2.00 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. As a group, research analysts expect that T-Mobile US will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, August 29th. T-Mobile US’s dividend payout ratio (DPR) is currently 34.34%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the sale, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 1,116,990 shares of company stock valued at $256,892,992. 0.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ancora Advisors LLC grew its stake in shares of T-Mobile US by 16.6% during the 4th quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider’s stock worth $57,000 after acquiring an additional 37 shares during the period. Snowden Capital Advisors LLC increased its holdings in T-Mobile US by 0.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider’s stock worth $1,411,000 after acquiring an additional 40 shares during the last quarter. Financial Management Professionals Inc. increased its holdings in T-Mobile US by 15.6% in the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider’s stock worth $81,000 after acquiring an additional 41 shares during the last quarter. Hohimer Wealth Management LLC increased its holdings in T-Mobile US by 2.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider’s stock worth $480,000 after acquiring an additional 41 shares during the last quarter. Finally, Journey Strategic Wealth LLC increased its holdings in T-Mobile US by 4.2% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock worth $273,000 after acquiring an additional 41 shares during 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.