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

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

Several other research firms have also issued reports on TMUS. Oppenheimer restated an outperform rating and issued a $190.00 target price on shares of T-Mobile US in a report on Tuesday, December 19th. UBS Group raised their price target on shares of T-Mobile US from $180.00 to $186.00 and gave the stock a buy rating in a research note on Wednesday, December 13th. Benchmark reaffirmed a buy rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Friday, January 26th. KeyCorp reduced their price target on shares of T-Mobile US from $183.00 to $175.00 and set an overweight rating on the stock in a research note on Friday, January 26th. Finally, Raymond James raised their price target 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 equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and a consensus target price of $185.93.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $162.01 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a fifty day moving average price of $162.73 and a 200 day moving average price of $153.69. T-Mobile US has a fifty-two week low of $124.92 and a fifty-two week high of $168.64. The firm has a market cap of $192.28 billion, a price-to-earnings ratio of 23.38, a P/E/G 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 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.23). The business had revenue of $20.48 billion for 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%. T-Mobile US’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.18 EPS. As a group, sell-side analysts expect that T-Mobile US will post 9.02 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

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

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $160.98, for a total transaction of $30,533,076.60. Following the sale, the director now owns 682,374,816 shares of the company’s stock, valued at approximately $109,848,697,879.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $160.98, for a total value of $30,533,076.60. Following the sale, the director now directly owns 682,374,816 shares of the company’s stock, valued at approximately $109,848,697,879.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO G Michael Sievert sold 40,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $161.05, for a total transaction of $6,442,000.00. Following the completion of the sale, the chief executive officer now directly owns 496,036 shares in the company, valued at $79,886,597.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,736,377 shares of company stock valued at $933,729,146. Insiders own 0.70% of the company’s stock.

Institutional Trading of T-Mobile US

Several large investors have recently made changes to their positions in TMUS. Private Wealth Management Group LLC purchased a new stake in T-Mobile US during the fourth quarter worth $27,000. Valley National Advisers Inc. boosted its holdings in T-Mobile US by 232.1% during the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 123 shares in the last quarter. BluePath Capital Management LLC purchased a new stake in T-Mobile US during the third quarter worth $26,000. LM Advisors LLC purchased a new stake in T-Mobile US during the fourth quarter worth $33,000. Finally, Baker Avenue Asset Management LP boosted its holdings in 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 worth $29,000 after buying an additional 81 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

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.