T-Mobile US (NASDAQ:TMUS) Reaches New 1-Year High – Should You Buy?

T-Mobile US, Inc. (NASDAQ:TMUS)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $223.50 and last traded at $223.50, with a volume of 2661 shares traded. The stock had previously closed at $223.21.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TMUS shares. KeyCorp raised their price objective on T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Morgan Stanley boosted their price target on shares of T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research report on Monday, July 1st. They issued a “buy” rating and a $200.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Finally, Raymond James lowered T-Mobile US from a “strong-buy” rating to an “outperform” rating and upped their target price for the company from $208.00 to $221.00 in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $217.50.

T-Mobile US Stock Performance

The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The firm has a market capitalization of $261.91 billion, a PE ratio of 30.37, a P/E/G ratio of 1.12 and a beta of 0.51. The company’s fifty day simple moving average is $203.23 and its 200 day simple moving average is $183.34.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. During the same quarter in the previous year, the firm posted $1.86 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts expect that T-Mobile US, Inc. will post 9.14 EPS 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. Stockholders of record on Wednesday, November 27th will be issued a $0.88 dividend. This is a positive change 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 1.57%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 47.89%.

Insider Activity

In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jon Freier sold 10,000 shares of the company’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 transaction of $1,818,700.00. Following the sale, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the transaction, the director now directly owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 349,261 shares of company stock worth $69,411,130. 0.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On T-Mobile US

A number of institutional investors have recently added to or reduced their stakes in TMUS. WASHINGTON TRUST Co grew its holdings in shares of T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in T-Mobile US during the second quarter valued at approximately $27,000. Summit Securities Group LLC purchased a new position in T-Mobile US in the 2nd quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of T-Mobile US during the 2nd quarter valued at $30,000. Finally, Westside Investment Management Inc. lifted its holdings in shares of T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 75 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Company Profile

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.