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

T-Mobile US (NASDAQ:TMUS) had its price target lifted by Barclays from $180.00 to $200.00 in a research note released on Thursday, Benzinga reports. They currently have an overweight rating on the Wireless communications provider’s stock.

Several other equities research analysts have also issued reports on TMUS. Citigroup lifted their price target on T-Mobile US from $184.00 to $210.00 and gave the stock a buy rating in a research note on Friday, July 19th. Royal Bank of Canada boosted their target price on T-Mobile US from $184.00 to $188.00 and gave the company an outperform rating in a research note on Friday, April 26th. Bank of America boosted their target price on T-Mobile US from $175.00 to $195.00 and gave the company a buy rating in a research note on Monday, June 10th. TD Cowen lowered their target price on T-Mobile US from $204.00 to $202.00 and set a buy rating for the company in a research note on Friday, April 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on T-Mobile US from $185.00 to $200.00 and gave the company a buy rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Buy and a consensus price target of $196.75.

T-Mobile US Price Performance

T-Mobile US stock opened at $188.76 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The business has a 50-day simple moving average of $177.82 and a 200 day simple moving average of $168.07. T-Mobile US has a 52 week low of $131.47 and a 52 week high of $193.77. The stock has a market cap of $220.24 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 0.76 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. On average, research analysts forecast that T-Mobile US will post 9.05 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be issued a $0.65 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a yield of 1.38%. T-Mobile US’s dividend payout ratio is currently 35.37%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 189,670 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $162.93, for a total value of $30,902,933.10. Following the transaction, the director now directly owns 675,641,331 shares of the company’s stock, valued at approximately $110,082,242,059.83. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 162,628 shares in the company, valued at approximately $29,577,154.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Telekom Ag Deutsche sold 189,670 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $162.93, for a total value of $30,902,933.10. Following the completion of the sale, the director now owns 675,641,331 shares of the company’s stock, valued at approximately $110,082,242,059.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,830,118 shares of company stock valued at $654,898,628. 0.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS bought a new position in shares of T-Mobile US in the 2nd quarter valued at about $324,000. First Business Financial Services Inc. lifted its holdings in shares of T-Mobile US by 3.0% in the 2nd quarter. First Business Financial Services Inc. now owns 13,328 shares of the Wireless communications provider’s stock valued at $2,348,000 after acquiring an additional 392 shares during the last quarter. SouthState Corp bought a new position in shares of T-Mobile US in the 2nd quarter valued at about $51,000. Chase Investment Counsel Corp lifted its holdings in shares of T-Mobile US by 86.3% in the 2nd quarter. Chase Investment Counsel Corp now owns 29,915 shares of the Wireless communications provider’s stock valued at $5,452,000 after acquiring an additional 13,857 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of T-Mobile US by 5.9% in the 2nd quarter. TD Asset Management Inc now owns 2,294,637 shares of the Wireless communications provider’s stock valued at $404,269,000 after acquiring an additional 128,241 shares during the last quarter. Hedge funds and other 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.