T-Mobile US (NASDAQ:TMUS) Price Target Raised to $275.00 at Scotiabank

T-Mobile US (NASDAQ:TMUS) had its price target hoisted by Scotiabank from $247.00 to $275.00 in a research note published on Monday morning,Benzinga reports. They currently have a sector perform rating on the Wireless communications provider’s stock.

Several other equities research analysts also recently commented on TMUS. Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Barclays increased their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Royal Bank of Canada reissued a “sector perform” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Morgan Stanley began coverage on shares of T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $254.10.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $262.74 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The firm’s 50-day simple moving average is $238.17 and its 200-day simple moving average is $225.48. T-Mobile US has a twelve month low of $158.84 and a twelve month high of $276.49. The firm has a market cap of $299.98 billion, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. 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 business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.34%. T-Mobile US’s payout ratio is currently 36.40%.

Insider Buying and Selling

In other news, Director Andre Almeida purchased 3,808 shares of the stock in a transaction on Monday, December 9th. The stock was purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the acquisition, the director now owns 3,808 shares in the company, valued at $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TMUS. Farther Finance Advisors LLC raised its holdings in T-Mobile US by 34.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,778 shares of the Wireless communications provider’s stock worth $780,000 after purchasing an additional 974 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of T-Mobile US by 146.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 158,744 shares of the Wireless communications provider’s stock valued at $32,758,000 after acquiring an additional 94,242 shares in the last quarter. Roman Butler Fullerton & Co. increased its stake in shares of T-Mobile US by 13.9% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 3,048 shares of the Wireless communications provider’s stock valued at $662,000 after acquiring an additional 372 shares in the last quarter. Intact Investment Management Inc. increased its stake in shares of T-Mobile US by 7.0% in the 3rd quarter. Intact Investment Management Inc. now owns 5,340 shares of the Wireless communications provider’s stock valued at $1,102,000 after acquiring an additional 350 shares in the last quarter. Finally, National Pension Service increased its stake in shares of T-Mobile US by 12.6% in the 3rd quarter. National Pension Service now owns 1,231,751 shares of the Wireless communications provider’s stock valued at $254,184,000 after acquiring an additional 137,527 shares in 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.