T-Mobile US (NASDAQ:TMUS) Price Target Increased to $255.00 by Analysts at Royal Bank of Canada

T-Mobile US (NASDAQ:TMUS) had its price objective hoisted by Royal Bank of Canada from $232.00 to $255.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the Wireless communications provider’s stock.

TMUS has been the subject of a number of other reports. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. UBS Group upped their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company upped their price target on shares of T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday. Scotiabank upped their price target on shares of T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, Barclays upped their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $240.17.

T-Mobile US Price Performance

TMUS stock traded down $7.20 during trading on Friday, hitting $226.36. The company had a trading volume of 6,478,408 shares, compared to its average volume of 4,511,788. The firm has a market capitalization of $264.11 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 1.15 and a beta of 0.51. The business has a 50 day moving average of $205.53 and a 200 day moving average of $184.78. T-Mobile US has a fifty-two week low of $138.42 and a fifty-two week high of $234.56. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.82 earnings per share. As a group, research analysts predict that T-Mobile US will post 9.22 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $0.88 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.56%. T-Mobile US’s dividend payout ratio is currently 32.58%.

Insider Activity

In other news, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value of $1,818,700.00. Following the transaction, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value of $1,818,700.00. Following the transaction, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the transaction, the director now owns 1,551,204 shares in the company, valued at $305,183,874.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 349,261 shares of company stock worth $69,411,130 in the last 90 days. Company insiders own 0.67% 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. Vanguard Group Inc. raised its position in T-Mobile US by 3.8% during the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after acquiring an additional 1,667,778 shares in the last quarter. Legal & General Group Plc raised its position in T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after acquiring an additional 303,582 shares in the last quarter. Dimensional Fund Advisors LP raised its position in T-Mobile US by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock valued at $785,667,000 after acquiring an additional 184,059 shares in the last quarter. Clearbridge Investments LLC raised its position in T-Mobile US by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after acquiring an additional 578,348 shares in the last quarter. Finally, Boston Partners raised its position in T-Mobile US by 1.1% during the first quarter. Boston Partners now owns 2,597,340 shares of the Wireless communications provider’s stock valued at $424,025,000 after acquiring an additional 28,045 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

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.