T-Mobile US (NASDAQ:TMUS – Free Report) had its price objective lifted by Wells Fargo & Company from $200.00 to $230.00 in a research report sent to investors on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the Wireless communications provider’s stock. A number of other analysts have also recently issued reports on TMUS. Bank of America increased their price objective on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a buy rating in a research note on Monday, June 10th. Scotiabank raised their price target on T-Mobile US from $194.50 to $197.00 and gave the company a sector outperform rating in a report on Thursday, August 1st. The Goldman Sachs Group began coverage on T-Mobile US in a research note on Monday, July 1st. They issued a buy rating and a $200.00 price objective for the company. Evercore ISI raised T-Mobile US to a hold rating in a research note on Thursday, August 1st. Finally, Tigress Financial upped their price target on T-Mobile US from $205.00 to $235.00 and gave the stock a buy rating in a research note on Monday, August 12th. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $201.44.
Get T-Mobile US alerts: Check Out Our Latest Report on TMUS T-Mobile US Trading Up 0.2 % Shares of TMUS stock opened at $202.83 on Thursday. T-Mobile US has a 1 year low of $135.82 and a 1 year high of $205.28. The firm has a fifty day moving average price of $190.15 and a 200-day moving average price of $175.32. The company has a market cap of $236.66 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 0.74 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.
The company reported a net income of $1.1 billion, exceeding analysts’ expectations of $850 million. T-Mobile US also announced a new dividend policy, which will see the company pay out a quarterly dividend of $0.25 per share. This dividend will be paid out on a quarterly basis, starting in the third quarter of 2023.
* T-Mobile US stock price has been on a downward trend.
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The company offers a wide range of services, including voice, data, messaging, and video services. T-Mobile US is a subsidiary of Deutsche Telekom, a German multinational telecommunications company. T-Mobile US has a strong focus on customer experience and innovation.
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