T-Mobile US (NASDAQ:TMUS) Given New $215.50 Price Target at Scotiabank

T-Mobile US (NASDAQ:TMUS) had its price target raised by Scotiabank from $197.00 to $215.50 in a research note released on Thursday, Benzinga reports. They currently have a sector outperform rating on the Wireless communications provider’s stock.

Several other analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of T-Mobile US from $185.00 to $200.00 and gave the company a buy rating in a research note on Thursday, July 18th. Morgan Stanley upped their price target on T-Mobile US from $191.00 to $209.00 and gave the company an overweight rating in a report on Monday, September 16th. Oppenheimer raised their target price on T-Mobile US from $200.00 to $215.00 and gave the stock an outperform rating in a research report on Thursday. Tigress Financial upped their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the company a buy rating in a research note on Monday, August 12th. Finally, Bank of America raised their price target on T-Mobile US from $175.00 to $195.00 and gave the stock a buy rating in a research note on Monday, June 10th. Eighteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of $211.92.

T-Mobile US Price Performance

TMUS opened at $199.44 on Thursday. The stock has a market capitalization of $233.71 billion, a PE ratio of 27.13, a P/E/G ratio of 0.74 and a beta of 0.51. The company’s 50 day simple moving average is $192.29 and its 200 day simple moving average is $176.53. T-Mobile US has a 1 year low of $135.82 and a 1 year high of $206.30. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.22. The firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.86 EPS. As a group, sell-side analysts expect that T-Mobile US will post 9.18 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.76%. T-Mobile US’s payout ratio is currently 35.37%.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $178.04, for a total value of $23,761,396.44. Following the sale, the director now owns 670,812,128 shares of the company’s stock, valued at approximately $119,431,391,269.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the transaction, the director now owns 1,824,632 shares in the company, valued at approximately $357,627,872. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $178.04, for a total transaction of $23,761,396.44. Following the completion of the transaction, the director now directly owns 670,812,128 shares of the company’s stock, valued at $119,431,391,269.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 706,875 shares of company stock worth $130,909,198. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Several large investors have recently made changes to their positions in TMUS. Compton Wealth Advisory Group LLC boosted its stake in T-Mobile US by 0.4% in the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock valued at $2,644,000 after acquiring an additional 56 shares during the last quarter. Benjamin Edwards Inc. raised its position in shares of T-Mobile US by 0.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock valued at $1,468,000 after acquiring an additional 56 shares during the period. Anfield Capital Management LLC increased its position in shares of T-Mobile US by 18.7% in the 2nd quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock valued at $64,000 after buying an additional 57 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in shares of T-Mobile US by 22.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock valued at $55,000 after purchasing an additional 58 shares during the period. Finally, Proficio Capital Partners LLC lifted its position in shares of T-Mobile US by 2.3% in the first quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock worth $464,000 after purchasing an additional 64 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, 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.