T-Mobile US, Inc. (NASDAQ:TMUS) Receives $260.17 Consensus Target Price from Brokerages

T-Mobile US, Inc. (NASDAQ:TMUS) has earned a consensus recommendation of “Moderate Buy” from the thirty-three brokerages that are presently covering the firm, MarketBeat reports. Twelve equities research analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $260.1667.

Several brokerages have recently commented on TMUS. The Goldman Sachs Group reduced their target price on T-Mobile US from $287.00 to $251.00 and set a “buy” rating for the company in a report on Friday, December 12th. Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Tuesday, October 28th. UBS Group reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, December 10th. Finally, Tigress Financial upped their price target on shares of T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th.

T-Mobile US Stock Down 0.7%

TMUS stock opened at $197.29 on Monday. The firm has a market cap of $220.67 billion, a PE ratio of 18.97, a P/E/G ratio of 1.16 and a beta of 0.45. T-Mobile US has a 12 month low of $194.01 and a 12 month high of $276.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The firm has a 50 day simple moving average of $204.56 and a 200 day simple moving average of $226.22.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.61 earnings per share. Equities research analysts forecast that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a $1.02 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. T-Mobile US’s dividend payout ratio is presently 39.23%.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the transaction, the director directly owned 582,220,759 shares of the company’s stock, valued at approximately $131,680,869,063.03. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director G Michael Sievert sold 22,500 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $216.97, for a total value of $4,881,825.00. Following the sale, the director owned 308,696 shares of the company’s stock, valued at $66,977,771.12. The trade was a 6.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 592,897 shares of company stock worth $133,350,128 in the last quarter. 0.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Howard Hughes Medical Institute acquired a new position in shares of T-Mobile US in the second quarter worth $25,000. United Community Bank grew its stake in T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 59 shares in the last quarter. Missouri Trust & Investment Co increased its position in T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares during the last quarter. Elevation Wealth Partners LLC raised its stake in shares of T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 76 shares in the last quarter. Finally, Aspect Partners LLC raised its stake in shares of T-Mobile US by 112.1% during the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

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.