T-Mobile US, Inc. (NASDAQ:TMUS) Stock Has Average Price Target of $247.84

T-Mobile US, Inc. (NASDAQ:TMUS) has earned an average recommendation of “Moderate Buy” from the twenty-nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $244.65.

A number of brokerages have recently weighed in on TMUS. KeyCorp dropped their target price on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Barclays decreased their price target on shares of T-Mobile US from $215.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Scotiabank decreased their price target on shares of T-Mobile US from $217.00 to $212.00 and set a “sector outperform” rating for the company in a report on Friday, October 9th. JPMorgan Chase & Co. decreased their target price on shares of T-Mobile US from $275.00 to $260.00 and set an “overweight” rating for the company in a research note on Monday, September 21st. Finally, Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a report on Monday, September 28th.

Trending Headlines about T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: Raymond James upgraded TMUS to Outperform from Market Perform and set a $170 price target, saying concerns about Starlink’s competitive threat are overstated and meaningful disruption may be more than three years away. Raymond James upgrade
• Positive Sentiment: Recent fundamentals support the bullish case: T-Mobile’s latest quarterly EPS beat estimates, revenue rose 7.9% year over year, and the company continues to generate strong cash flow. Its compressed valuation, dividend growth and roughly 2.6% yield may attract value and income investors. Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
• Positive Sentiment: T-Mobile’s technology leadership pushed back on SpaceX’s wireless ambitions, while its planned satellite-coverage cooperation with AT&T and Verizon could help address rural coverage gaps without requiring a costly standalone space network. T-Mobile pushes back on SpaceX

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $153.73 on Wednesday. The company’s fifty day moving average is $174.05 and its two-hundred day moving average is $183.34. The company has a market cap of $164.90 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 0.95 and a beta of 0.33. T-Mobile US has a 12-month low of $147.90 and a 12-month high of $230.65. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%. The firm had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. During the same period in the previous year, the firm earned $2.84 earnings per share. T-Mobile US’s quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts expect that T-Mobile US will post 11.09 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be paid a $1.17 dividend. This represents a $4.68 dividend on an annualized basis and a yield of 3.0%. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. The ex-dividend date is Wednesday, November 25th. T-Mobile US’s dividend payout ratio is presently 42.72%.

Insiders Place Their Bets

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the transaction, the chief accounting officer directly owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This represents a 2.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On T-Mobile US

Several institutional investors have recently made changes to their positions in the company. Sax Wealth Advisors LLC bought a new stake in shares of T-Mobile US in the 3rd quarter valued at approximately $216,000. NorthCrest Asset Manangement LLC raised its position in T-Mobile US by 2.7% during the third quarter. NorthCrest Asset Manangement LLC now owns 58,189 shares of the Wireless communications provider’s stock valued at $9,968,000 after acquiring an additional 1,551 shares in the last quarter. Avior Wealth Management LLC raised its position in T-Mobile US by 6.5% during the third quarter. Avior Wealth Management LLC now owns 1,517 shares of the Wireless communications provider’s stock valued at $247,000 after acquiring an additional 92 shares in the last quarter. Perpetual Ltd lifted its stake in T-Mobile US by 140.1% in the third quarter. Perpetual Ltd now owns 11,168 shares of the Wireless communications provider’s stock valued at $1,821,000 after acquiring an additional 6,517 shares during the last quarter. Finally, Valley Wealth Managers Inc. lifted its stake in T-Mobile US by 5.9% in the third quarter. Valley Wealth Managers Inc. now owns 116,239 shares of the Wireless communications provider’s stock valued at $18,956,000 after acquiring an additional 6,480 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Company Profile

T-Mobile US, Inc is a wireless communications company that provides mobile voice, messaging, and data services to consumers, businesses, and government customers in the United States. Its offerings include wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.