T-Mobile US (NASDAQ:TMUS) Price Target Increased to $185.00 by Analysts at KeyCorp

T-Mobile US (NASDAQ:TMUS) had its price target upped by KeyCorp from $175.00 to $185.00 in a report issued on Friday, Benzinga reports. KeyCorp currently has an overweight rating on the Wireless communications provider’s stock.

Several other research firms also recently issued reports on TMUS. Wells Fargo & Company upped their price objective on T-Mobile US from $175.00 to $185.00 and gave the company an overweight rating in a research note on Monday, January 22nd. Royal Bank of Canada reiterated an outperform rating and set a $184.00 price target on shares of T-Mobile US in a report on Wednesday, March 20th. Citigroup raised their target price on T-Mobile US from $176.00 to $184.00 and gave the stock a buy rating in a research report on Monday, March 25th. Tigress Financial upped their price target on T-Mobile US from $204.00 to $205.00 and gave the company a buy rating in a research report on Thursday, February 8th. Finally, Raymond James raised their price objective on T-Mobile US from $180.00 to $185.00 and gave the stock a strong-buy rating in a research report on Friday, January 26th. One equities research 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of Buy and a consensus target price of $186.33.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $163.96 on Friday. The firm has a 50 day simple moving average of $162.51 and a 200 day simple moving average of $156.98. The company has a market cap of $194.60 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 0.68 and a beta of 0.49. T-Mobile US has a one year low of $124.92 and a one year high of $168.64. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The company had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a return on equity of 13.45% and a net margin of 11.15%. T-Mobile US’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 EPS. Research analysts predict that T-Mobile US will post 8.83 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, May 31st. T-Mobile US’s payout ratio is currently 35.37%.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 189,670 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $163.26, for a total value of $30,965,524.20. Following the completion of the sale, the director now owns 678,107,041 shares in the company, valued at $110,707,755,513.66. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO G Michael Sievert sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $161.05, for a total value of $6,442,000.00. Following the transaction, the chief executive officer now directly owns 496,036 shares of the company’s stock, valued at approximately $79,886,597.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Telekom Ag Deutsche sold 189,670 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $163.26, for a total transaction of $30,965,524.20. Following the sale, the director now owns 678,107,041 shares of the company’s stock, valued at approximately $110,707,755,513.66. The disclosure for this sale can be found here. Insiders have sold 6,180,319 shares of company stock worth $1,002,629,987 in the last quarter. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. BluePath Capital Management LLC bought a new position in T-Mobile US in the 3rd quarter worth about $26,000. Private Wealth Management Group LLC bought a new stake in T-Mobile US during the 4th quarter worth approximately $27,000. Valley National Advisers Inc. grew its position 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. Westside Investment Management Inc. boosted its position in shares of T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares during the last quarter. Finally, Baker Avenue Asset Management LP grew its holdings 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 worth $29,000 after purchasing an additional 81 shares in 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.