T-Mobile US (NASDAQ:TMUS) Given New $185.00 Price Target at KeyCorp

T-Mobile US (NASDAQ:TMUS) had its target price boosted by KeyCorp from $175.00 to $185.00 in a report released on Friday morning, Benzinga reports. KeyCorp currently has an overweight rating on the Wireless communications provider’s stock.

A number of other research analysts have also recently commented on the company. Oppenheimer restated an outperform rating and issued a $190.00 price target on shares of T-Mobile US in a research report on Wednesday, April 3rd. Benchmark reiterated a buy rating and issued a $200.00 target price on shares of T-Mobile US in a research report on Friday, January 26th. Tigress Financial lifted their target price on T-Mobile US from $204.00 to $205.00 and gave the company a buy rating in a research report on Thursday, February 8th. Citigroup lifted their target price on T-Mobile US from $176.00 to $184.00 and gave the company a buy rating in a research report on Monday, March 25th. Finally, Morgan Stanley lifted their target price on T-Mobile US from $180.00 to $186.00 and gave the company an overweight rating in a research report on Monday, January 29th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Buy and an average price target of $186.33.

T-Mobile US Stock Up 0.2 %

Shares of NASDAQ TMUS opened at $164.25 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. T-Mobile US has a 52 week low of $124.92 and a 52 week high of $168.64. The stock has a market capitalization of $194.94 billion, a P/E ratio of 22.35, a PEG ratio of 0.67 and a beta of 0.49. The stock’s fifty day moving average is $162.58 and its 200 day moving average is $157.34.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The company had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. During the same quarter last year, the business earned $1.58 earnings per share. T-Mobile US’s revenue was down .2% on a year-over-year basis. Sell-side analysts forecast that T-Mobile US will post 8.97 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s dividend payout ratio is currently 35.37%.

Insider Buying and Selling

In related news, insider Michael J. Katz sold 6,655 shares of T-Mobile US stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $161.23, for a total value of $1,072,985.65. Following the transaction, the insider now directly owns 126,616 shares of the company’s stock, valued at $20,414,297.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $163.26, for a total value of $30,965,524.20. Following the transaction, the director now directly owns 678,107,041 shares of the company’s stock, valued at $110,707,755,513.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael J. Katz sold 6,655 shares of T-Mobile US stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $161.23, for a total value of $1,072,985.65. Following the completion of the transaction, the insider now directly owns 126,616 shares in the company, valued at $20,414,297.68. The disclosure for this sale can be found here. Insiders have sold a total of 5,985,409 shares of company stock valued at $971,083,803 over the last ninety days. 0.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

Several institutional investors have recently added to or reduced their stakes in TMUS. Norges Bank acquired a new position in T-Mobile US in the fourth quarter valued at approximately $3,338,708,000. Wellington Management Group LLP lifted its stake in T-Mobile US by 200.0% in the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after buying an additional 4,241,877 shares during the period. Clearbridge Investments LLC lifted its stake in T-Mobile US by 243.9% in the third quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock valued at $409,040,000 after buying an additional 2,071,489 shares during the period. Putnam Investments LLC lifted its stake in T-Mobile US by 74.6% in the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after buying an additional 1,682,743 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in T-Mobile US by 90.5% in the third quarter. Canada Pension Plan Investment Board now owns 2,506,127 shares of the Wireless communications provider’s stock valued at $350,983,000 after buying an additional 1,190,813 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

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.