Evercore ISI Raises T-Mobile US (NASDAQ:TMUS) Price Target to $240.00

T-Mobile US (NASDAQ:TMUS) had its price objective lifted by Evercore ISI from $220.00 to $240.00 in a research report sent to investors on Thursday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the Wireless communications provider’s stock.

A number of other research analysts have also weighed in on the company. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Bank of America boosted their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday. Scotiabank upped their price objective on shares of T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research note on Thursday. KeyCorp raised their target price on shares of T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Finally, Morgan Stanley increased their price target on T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $238.89.

T-Mobile US Stock Up 5.7 %

TMUS opened at $233.56 on Thursday. The company has a market cap of $272.51 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 1.15 and a beta of 0.51. T-Mobile US has a twelve month low of $137.69 and a twelve month high of $234.40. The company has a 50-day moving average price of $204.75 and a 200 day moving average price of $184.44. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 earnings per share. Sell-side analysts expect that T-Mobile US will post 9.22 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.51%. T-Mobile US’s dividend payout ratio (DPR) is currently 32.58%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the sale, the chief executive officer now owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the transaction, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the completion of the transaction, the chief executive officer now owns 418,124 shares of the company’s stock, valued at $81,354,386.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 349,261 shares of company stock worth $69,411,130. 0.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Advisors Network LLC increased its position in shares of T-Mobile US by 2.8% during the third quarter. Integrated Advisors Network LLC now owns 4,154 shares of the Wireless communications provider’s stock worth $857,000 after acquiring an additional 115 shares during the period. Gateway Wealth Partners LLC purchased a new stake in T-Mobile US during the 3rd quarter worth about $226,000. China Universal Asset Management Co. Ltd. increased its holdings in T-Mobile US by 110.0% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 14,799 shares of the Wireless communications provider’s stock worth $3,054,000 after purchasing an additional 7,753 shares during the period. Traynor Capital Management Inc. raised its position in T-Mobile US by 1.8% in the 3rd quarter. Traynor Capital Management Inc. now owns 4,416 shares of the Wireless communications provider’s stock valued at $911,000 after purchasing an additional 79 shares in the last quarter. Finally, Worth Financial Advisory Group LLC purchased a new position in shares of T-Mobile US in the 3rd quarter valued at about $232,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

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.