T-Mobile US (NASDAQ:TMUS) Price Target Increased to $184.00 by Analysts at Citigroup

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

Several other equities research analysts have also issued reports on the stock. Morgan Stanley raised their target price on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an overweight rating in a report on Monday, January 29th. Benchmark reaffirmed a buy rating and issued a $200.00 price objective on shares of T-Mobile US in a research report on Friday, January 26th. UBS Group lifted their target price on T-Mobile US from $180.00 to $186.00 and gave the stock a buy rating in a research report on Wednesday, December 13th. Tigress Financial lifted their price objective on shares of T-Mobile US from $204.00 to $205.00 and gave the company a buy rating in a report on Thursday, February 8th. Finally, Raymond James upped their target price on shares of T-Mobile US from $180.00 to $185.00 and gave the stock a strong-buy rating in a research note on Friday, January 26th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of Buy and a consensus price target of $185.93.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $162.01 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $192.28 billion, a P/E ratio of 23.38, a P/E/G ratio of 0.65 and a beta of 0.49. T-Mobile US has a 12 month low of $124.92 and a 12 month high of $168.64. The business’s 50-day moving average is $162.73 and its 200 day moving average is $153.69.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). The business had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $19.67 billion. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 EPS. On average, equities research analysts forecast that T-Mobile US will post 9.02 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

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

Insider Activity at T-Mobile US

In other news, EVP Mark Wolfe Nelson sold 13,872 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $160.27, for a total transaction of $2,223,265.44. Following the transaction, the executive vice president now owns 107,328 shares in the company, valued at $17,201,458.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Mark Wolfe Nelson sold 13,872 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $160.27, for a total transaction of $2,223,265.44. Following the sale, the executive vice president now directly owns 107,328 shares of the company’s stock, valued at $17,201,458.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Telekom Ag Deutsche sold 194,910 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $162.10, for a total value of $31,594,911.00. Following the completion of the transaction, the director now owns 693,439,211 shares of the company’s stock, valued at approximately $112,406,496,103.10. The disclosure for this sale can be found here. Insiders have sold 5,736,377 shares of company stock valued at $933,729,146 in the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

A number of institutional investors have recently bought and sold shares of TMUS. HighPoint Advisor Group LLC acquired a new position in shares of T-Mobile US in the 4th quarter valued at $1,350,000. Grayhawk Investment Strategies Inc. purchased a new stake in shares of T-Mobile US in the fourth quarter valued at about $170,000. Skyline Advisors Inc. acquired a new position in T-Mobile US in the fourth quarter valued at about $213,000. B. Riley Wealth Advisors Inc. grew its position in T-Mobile US by 10.5% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 23,980 shares of the Wireless communications provider’s stock valued at $3,845,000 after acquiring an additional 2,286 shares in the last quarter. Finally, MONECO Advisors LLC grew its stake in shares of T-Mobile US by 8.4% in the fourth quarter. MONECO Advisors LLC now owns 1,996 shares of the Wireless communications provider’s stock worth $320,000 after acquiring an additional 154 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

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.