BNP Paribas Exane Cuts T-Mobile US (NASDAQ:TMUS) Price Target to $275.00

T-Mobile US (NASDAQ:TMUS) had its price objective trimmed by BNP Paribas Exane from $300.00 to $275.00 in a report released on Friday morning,MarketScreener reports. The firm currently has an outperform rating on the Wireless communications provider’s stock.

TMUS has been the topic of a number of other reports. Argus reduced their price target on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Rothschild Redb raised shares of T-Mobile US to a “hold” rating in a research note on Tuesday, September 30th. Sanford C. Bernstein reduced their target price on shares of T-Mobile US from $265.00 to $245.00 and set a “market perform” rating on the stock in a report on Thursday. Morgan Stanley lowered their price target on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Finally, Royal Bank Of Canada cut their price objective on T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $257.76.

T-Mobile US Price Performance

TMUS stock opened at $186.32 on Friday. The stock has a 50-day moving average price of $202.79 and a two-hundred day moving average price of $224.17. T-Mobile US has a 12-month low of $185.18 and a 12-month high of $276.49. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The company has a market cap of $208.40 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.02 and a beta of 0.45.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same period last year, the business posted $2.61 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, research analysts predict that T-Mobile US will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, February 27th. T-Mobile US’s payout ratio is presently 39.23%.

Insiders Place Their Bets

In other news, CEO Srini Gopalan purchased 9,800 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was purchased at an average cost of $201.82 per share, with a total value of $1,977,836.00. Following the purchase, the chief executive officer owned 90,258 shares in the company, valued at $18,215,869.56. This trade represents a 12.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael J. Katz sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $215.91, for a total transaction of $539,775.00. Following the completion of the sale, the insider owned 156,203 shares in the company, valued at $33,725,789.73. The trade was a 1.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 270,767 shares of company stock worth $59,921,239. 0.37% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TMUS. Howard Hughes Medical Institute acquired a new stake in shares of T-Mobile US in the 2nd quarter valued at $25,000. United Community Bank raised its holdings in T-Mobile US by 131.1% during the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 59 shares in the last quarter. Missouri Trust & Investment Co lifted its position in shares of T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 105 shares during the last quarter. Elevation Wealth Partners LLC lifted its position in shares of T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 76 shares during the last quarter. Finally, Aspect Partners LLC boosted its stake in shares of T-Mobile US by 112.1% during the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 65 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.