T-Mobile US (NASDAQ:TMUS) Sets New 12-Month High Following Analyst Upgrade

T-Mobile US, Inc. (NASDAQ:TMUS) hit a new 52-week high during trading on Wednesday after Scotiabank upgraded the stock from a sector perform rating to a sector outperform rating. Scotiabank now has a $277.50 price target on the stock, up from their previous price target of $275.00. T-Mobile US traded as high as $247.55 and last traded at $246.95, with a volume of 4433845 shares trading hands. The stock had previously closed at $241.59.

TMUS has been the topic of a number of other reports. Bank of America raised their price objective on T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. Benchmark restated a “buy” rating and set a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. Finally, Royal Bank of Canada boosted their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research report on Friday, March 21st. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.68.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On T-Mobile US

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC boosted its position in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares during the period. Gladstone Institutional Advisory LLC purchased a new position in shares of T-Mobile US during the fourth quarter valued at $1,552,000. Trust Co. of Vermont lifted its stake in T-Mobile US by 11.9% in the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock worth $5,954,000 after acquiring an additional 2,865 shares during the period. Rice Partnership LLC purchased a new position in T-Mobile US during the 4th quarter valued at about $7,678,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of T-Mobile US by 737.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock worth $12,476,000 after purchasing an additional 49,775 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Trading Up 2.2 %

The stock has a market capitalization of $280.70 billion, a P/E ratio of 25.54, a P/E/G ratio of 1.55 and a beta of 0.63. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The stock’s 50 day moving average price is $258.98 and its 200-day moving average price is $241.18.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same period in the prior year, the firm posted $2.00 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.43%. T-Mobile US’s payout ratio is 34.34%.

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.