T-Mobile US (NASDAQ:TMUS) PT Raised to $184.00 at Citigroup

T-Mobile US (NASDAQ:TMUS) had its price target raised by Citigroup from $176.00 to $184.00 in a report issued on Monday, Benzinga reports. The firm currently has a buy rating on the Wireless communications provider’s stock.

A number of other research firms also recently commented on TMUS. Raymond James increased their price objective on T-Mobile US from $180.00 to $185.00 and gave the company a strong-buy rating in a report on Friday, January 26th. Oppenheimer reiterated an outperform rating and issued a $190.00 price objective on shares of T-Mobile US in a report on Tuesday, December 19th. Morgan Stanley increased their price objective on T-Mobile US from $180.00 to $186.00 and gave the company an overweight rating in a report on Monday, January 29th. Royal Bank of Canada reissued an outperform rating and issued a $184.00 target price on shares of T-Mobile US in a research report on Wednesday, March 20th. Finally, Wells Fargo & Company upped their target price on T-Mobile US from $175.00 to $185.00 and gave the company an overweight rating in a research report on Monday, January 22nd. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US has an average rating of Buy and a consensus target price of $185.93.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $163.22 on Monday. The stock’s 50-day moving average is $162.68 and its two-hundred day moving average is $153.75. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US has a 1-year low of $124.92 and a 1-year high of $168.64. The company has a market cap of $193.72 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 0.65 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The business had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $19.67 billion. During the same quarter in the previous year, the company posted $1.18 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. Analysts forecast that T-Mobile US will post 9.02 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be given a dividend of $0.65 per share. The ex-dividend date is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a yield of 1.59%. T-Mobile US’s payout ratio is 37.52%.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 194,910 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $162.67, for a total transaction of $31,706,009.70. Following the completion of the sale, the director now directly owns 693,049,391 shares of the company’s stock, valued at approximately $112,738,344,433.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Michael J. Katz sold 6,655 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the completion of the transaction, the insider now directly owns 126,616 shares of the company’s stock, valued at approximately $20,414,297.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Telekom Ag Deutsche sold 194,910 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $162.67, for a total value of $31,706,009.70. Following the transaction, the director now directly owns 693,049,391 shares of the company’s stock, valued at $112,738,344,433.97. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,926,047 shares of company stock valued at $964,431,029. 0.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

A number of large investors have recently modified their holdings of TMUS. Norges Bank purchased a new position in shares of T-Mobile US during the 4th quarter worth approximately $3,338,708,000. Wellington Management Group LLP increased its stake in T-Mobile US by 200.0% in the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after purchasing an additional 4,241,877 shares in the last quarter. Softbank Group CORP. increased its stake in T-Mobile US by 9.0% in the 2nd quarter. Softbank Group CORP. now owns 43,338,209 shares of the Wireless communications provider’s stock valued at $6,019,677,000 after purchasing an additional 3,566,400 shares in the last quarter. Ontario Teachers Pension Plan Board increased its stake in T-Mobile US by 75,125.5% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 3,378,375 shares of the Wireless communications provider’s stock valued at $469,256,000 after purchasing an additional 3,373,884 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. purchased a new position in T-Mobile US in the 2nd quarter valued at approximately $333,657,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

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.