KeyCorp Raises T-Mobile US (NASDAQ:TMUS) Price Target to $252.00

T-Mobile US (NASDAQ:TMUS) had its target price raised by KeyCorp from $230.00 to $252.00 in a research report sent to investors on Thursday morning, Benzinga reports. KeyCorp currently has an overweight rating on the Wireless communications provider’s stock.

Other research analysts have also issued reports about the company. Citigroup lifted their target price on T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a report on Monday, October 21st. JPMorgan Chase & Co. increased their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday. Royal Bank of Canada lifted their price target on shares of T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Morgan Stanley increased their price objective on shares of T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, Raymond James lowered shares of T-Mobile US from a “strong-buy” rating to an “outperform” rating and raised their price objective for the stock from $208.00 to $221.00 in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $240.17.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $226.36 on Thursday. The firm’s 50 day simple moving average is $206.12 and its 200 day simple moving average is $185.23. T-Mobile US has a fifty-two week low of $138.42 and a fifty-two week high of $234.56. The company has a market capitalization of $264.11 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 1.15 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $1.82 earnings per share. As a group, sell-side analysts forecast that T-Mobile US will post 9.22 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.56%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is currently 32.58%.

Insider Activity

In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the sale, the director now directly owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the sale, the insider now directly owns 162,628 shares of the company’s stock, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the transaction, the director now directly owns 1,551,204 shares in the company, valued at $305,183,874.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 349,261 shares of company stock valued at $69,411,130. 0.67% of the stock is owned by insiders.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TMUS. GSA Capital Partners LLP bought a new stake in shares of T-Mobile US during the 1st quarter worth about $1,908,000. CFO4Life Group LLC bought a new stake in shares of T-Mobile US during the first quarter worth approximately $932,000. NewEdge Advisors LLC grew its position in shares of T-Mobile US by 13.6% in the second quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock valued at $37,184,000 after purchasing an additional 25,217 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of T-Mobile US by 26.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock worth $3,336,000 after purchasing an additional 4,253 shares during the period. Finally, Findlay Park Partners LLP lifted its holdings in T-Mobile US by 6.0% during the 1st quarter. Findlay Park Partners LLP now owns 1,882,607 shares of the Wireless communications provider’s stock worth $307,279,000 after purchasing an additional 107,100 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

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.