Citigroup Raises T-Mobile US (NASDAQ:TMUS) Price Target to $184.00

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

Several other research firms have also issued reports on TMUS. Tigress Financial raised their target price on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a buy rating in a report on Thursday, February 8th. KeyCorp cut their target price on shares of T-Mobile US from $183.00 to $175.00 and set an overweight rating on the stock in a research report on Friday, January 26th. Oppenheimer reissued an outperform rating and set a $190.00 target price on shares of T-Mobile US in a research report on Tuesday, December 19th. Morgan Stanley upped their target price on T-Mobile US from $180.00 to $186.00 and gave the company an overweight rating in a research report on Monday, January 29th. Finally, Raymond James boosted their price objective on shares of T-Mobile US from $180.00 to $185.00 and gave the company a strong-buy rating in a report on Friday, January 26th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US has an average rating of Buy and an average price target of $185.93.

T-Mobile US Stock Up 0.6 %

TMUS opened at $162.01 on Monday. T-Mobile US has a 52 week low of $124.92 and a 52 week high of $168.64. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. The firm has a 50-day simple moving average of $162.73 and a two-hundred day simple moving average of $153.69. The company has a market capitalization of $192.28 billion, a PE ratio of 23.38, 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). The firm had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $19.67 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.18 EPS. Analysts forecast that T-Mobile US will post 9.02 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s payout ratio is presently 37.52%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 6,655 shares of the business’s 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 sale, the insider now directly owns 126,616 shares in the company, valued at approximately $20,414,297.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other T-Mobile US news, insider Michael J. Katz sold 6,655 shares of T-Mobile US stock in a transaction on Friday, February 16th. The shares were sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the sale, the insider now owns 126,616 shares of the company’s stock, valued at approximately $20,414,297.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Telekom Ag Deutsche sold 194,910 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $162.10, for a total transaction of $31,594,911.00. Following the completion of the transaction, the director now directly owns 693,439,211 shares in the company, valued at $112,406,496,103.10. The disclosure for this sale can be found here. Insiders have sold a total of 5,736,377 shares of company stock valued at $933,729,146 over the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Wealth Management Group LLC acquired a new position in shares of T-Mobile US in the 4th quarter valued at $27,000. Valley National Advisers Inc. raised its holdings in T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 123 shares during the period. BluePath Capital Management LLC acquired a new position in T-Mobile US in the third quarter valued at about $26,000. LM Advisors LLC purchased a new position in T-Mobile US during the fourth quarter worth about $33,000. Finally, Baker Avenue Asset Management LP increased its position in shares of T-Mobile US by 63.3% during the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 81 shares during the last quarter. Institutional investors and hedge funds 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.