Barclays Cuts T-Mobile US (NASDAQ:TMUS) Price Target to $200.00

T-Mobile US (NASDAQ:TMUS) had its price objective reduced by Barclays from $215.00 to $200.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an overweight rating on the Wireless communications provider’s stock.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada reduced their target price on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Wolfe Research reissued a “peer perform” rating on shares of T-Mobile US in a research report on Friday, August 14th. Wells Fargo & Company cut their price target on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. Morgan Stanley cut their price target on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Finally, TD Cowen reduced their price objective on T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.88.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $161.73 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. The firm has a 50-day moving average price of $176.73 and a two-hundred day moving average price of $186.11. T-Mobile US has a twelve month low of $161.14 and a twelve month high of $233.26. The company has a market capitalization of $173.48 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.84 earnings per share. As a group, research analysts expect that T-Mobile US will post 11.02 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be issued a $1.17 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $1.02. The ex-dividend date is Wednesday, November 25th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.9%. T-Mobile US’s dividend payout ratio (DPR) is 42.72%.

Insider Activity

In other news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the sale, the chief accounting officer directly owned 35,118 shares in the company, valued at $6,262,592.94. This represents a 2.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Main Street Group LTD purchased a new position in shares of T-Mobile US in the 1st quarter worth about $25,000. Paladin Partners LLC purchased a new stake in shares of T-Mobile US during the 2nd quarter worth about $25,000. Sachetta LLC grew its holdings in shares of T-Mobile US by 52.9% during the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 55 shares during the period. Dunhill Financial LLC purchased a new stake in shares of T-Mobile US during the 2nd quarter worth about $27,000. Finally, Cornerstone Planning Group LLC increased its position in T-Mobile US by 112.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 174 shares of the Wireless communications provider’s stock worth $34,000 after purchasing an additional 92 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, Inc is a wireless communications company that provides mobile voice, messaging, and data services to consumers, businesses, and government customers in the United States. Its offerings include wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.