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

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

A number of other analysts have also recently issued reports on the stock. Raymond James increased their price objective 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. Morgan Stanley upped their target price on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an overweight rating in a research report on Monday, January 29th. Tigress Financial upped their target price on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a buy rating in a research report on Thursday, February 8th. Oppenheimer restated an outperform rating and set a $190.00 target price on shares of T-Mobile US in a research report on Tuesday, December 19th. Finally, Benchmark restated a buy rating and set a $200.00 target price on shares of T-Mobile US in a research report on Friday, January 26th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Buy and an average price target of $185.93.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $162.01 on Monday. The firm has a fifty day moving average price of $162.73 and a 200-day moving average price of $153.69. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83. The stock has a market cap 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 has a 1 year low of $124.92 and a 1 year high of $168.64.

T-Mobile US (NASDAQ:TMUS) last announced 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 analysts’ expectations 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 for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the company earned $1.18 earnings per share. Equities analysts anticipate 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. Shareholders of record on Friday, May 31st will be given a dividend of $0.65 per share. The ex-dividend date is Friday, May 31st. This represents a $2.60 annualized dividend and a yield of 1.60%. T-Mobile US’s dividend payout ratio (DPR) is currently 37.52%.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 189,670 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now owns 682,374,816 shares in the company, valued at approximately $109,848,697,879.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other T-Mobile US news, insider Callie R. Field sold 5,844 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the transaction, the insider now owns 102,555 shares of the company’s stock, valued at approximately $17,274,364.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Telekom Ag Deutsche sold 189,670 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 682,374,816 shares in the company, valued at approximately $109,848,697,879.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,736,377 shares of company stock worth $933,729,146. 0.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. OLD National Bancorp IN grew its position in shares of T-Mobile US by 1.9% in the 4th quarter. OLD National Bancorp IN now owns 3,356 shares of the Wireless communications provider’s stock worth $538,000 after buying an additional 62 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of T-Mobile US by 3.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,748 shares of the Wireless communications provider’s stock worth $280,000 after buying an additional 66 shares during the last quarter. Transatlantique Private Wealth LLC grew its position in shares of T-Mobile US by 0.4% in the 3rd quarter. Transatlantique Private Wealth LLC now owns 16,400 shares of the Wireless communications provider’s stock worth $2,296,000 after buying an additional 68 shares during the last quarter. Hohimer Wealth Management LLC grew its position in shares of T-Mobile US by 0.9% in the 3rd quarter. Hohimer Wealth Management LLC now owns 7,526 shares of the Wireless communications provider’s stock worth $1,054,000 after buying an additional 68 shares during the last quarter. Finally, Tranquility Partners LLC grew its position in T-Mobile US by 1.9% during the 4th quarter. Tranquility Partners LLC now owns 3,826 shares of the Wireless communications provider’s stock worth $613,000 after purchasing an additional 71 shares during the last quarter. Hedge funds and other institutional investors 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.