T-Mobile US (NASDAQ:TMUS - Get Free Report) had its target price hoisted by investment analysts at Morgan Stanley from $209.00 to $239.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an "overweight" rating on the Wireless communications provider's stock. Morgan Stanley's target price points to a potential upside of 5.73% from the company's current price.
Several other equities research analysts have also commented on the company. UBS Group upped their target price on T-Mobile US from $210.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Citigroup upped their target price on T-Mobile US from $210.00 to $254.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upped their target price on T-Mobile US from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, July 18th. Wells Fargo & Company upped their target price on T-Mobile US from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Finally, KeyCorp increased their price target on T-Mobile US from $230.00 to $252.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $241.83.
Read Our Latest Report on TMUS
T-Mobile US Trading Down 0.8 %
Shares of TMUS stock traded down $1.76 on Tuesday, hitting $226.05. The company had a trading volume of 3,149,542 shares, compared to its average volume of 4,496,730. The firm has a market cap of $264.90 billion, a P/E ratio of 31.04, a P/E/G ratio of 1.15 and a beta of 0.51. The stock's 50-day moving average is $206.73 and its two-hundred day moving average is $186.05. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. T-Mobile US has a twelve month low of $139.47 and a twelve month high of $234.56.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same quarter in the prior year, the company earned $1.82 EPS. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that T-Mobile US will post 9.22 earnings per share for the current fiscal year.
Insider Transactions at T-Mobile US
In related news, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the sale, the director now directly owns 1,824,632 shares of the company's stock, valued at approximately $357,627,872. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Jon Freier sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the sale, the insider now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares of the company's stock, valued at $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. Insiders sold a total of 369,261 shares of company stock valued at $74,082,130 over the last ninety days. 0.67% of the stock is currently owned by insiders.
Institutional Trading of T-Mobile US
A number of large investors have recently bought and sold shares of TMUS. Allspring Global Investments Holdings LLC increased its position in T-Mobile US by 6.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 495,219 shares of the Wireless communications provider's stock worth $80,830,000 after buying an additional 28,319 shares during the last quarter. Arvest Investments Inc. increased its position in T-Mobile US by 2.6% in the first quarter. Arvest Investments Inc. now owns 4,646 shares of the Wireless communications provider's stock worth $758,000 after buying an additional 116 shares during the last quarter. Norden Group LLC increased its position in T-Mobile US by 2,111.9% in the first quarter. Norden Group LLC now owns 55,275 shares of the Wireless communications provider's stock worth $9,021,000 after buying an additional 52,776 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in shares of T-Mobile US by 75.8% in the first 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 period. Finally, Kovack Advisors Inc. bought a new position in shares of T-Mobile US in the first quarter worth $212,000. 42.49% of the stock is owned by hedge funds and other institutional investors.
About T-Mobile US
(
Get Free Report)
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.
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