BNP Paribas Upgrades T-Mobile US (NASDAQ:TMUS) to "Strong-Buy"

T-Mobile US (NASDAQ:TMUS - Get Free Report) was upgraded by investment analysts at BNP Paribas to a "strong-buy" rating in a research report issued to clients and investors on Friday, Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Benchmark lifted their target price on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Evercore ISI increased their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Scotiabank raised their target price on T-Mobile US from $236.00 to $237.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 24th. UBS Group increased their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $241.83.

T-Mobile US Stock Down 0.8 %

NASDAQ:TMUS traded down $1.76 during trading hours on Friday, reaching $226.05. The company's stock had a trading volume of 3,150,160 shares, compared to its average volume of 4,496,760. 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 has a market cap of $264.90 billion, a price-to-earnings ratio of 30.76, a price-to-earnings-growth ratio of 1.15 and a beta of 0.51. T-Mobile US has a one year low of $139.47 and a one year high of $234.56. The business's 50-day moving average is $206.73 and its 200-day moving average is $186.05.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts' consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm's revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $1.82 EPS. Equities research analysts predict that T-Mobile US will post 9.22 EPS for the current year.

Insider Buying and Selling at T-Mobile US

In other news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 418,124 shares of the company's stock, valued at $81,354,386.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the business's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the sale, the executive vice president now directly owns 61,871 shares in the company, valued at $13,380,222.46. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 sale, the chief executive officer now owns 418,124 shares in the company, valued at $81,354,386.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 369,261 shares of company stock valued at $74,082,130. 0.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On T-Mobile US

Several hedge funds have recently modified their holdings of the stock. DT Investment Partners LLC increased its position in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 47 shares during the last quarter. Davis Investment Partners LLC lifted its stake in shares of T-Mobile US by 0.6% during the 3rd quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider's stock worth $1,711,000 after buying an additional 51 shares during the last quarter. Barden Capital Management Inc. boosted its holdings in shares of T-Mobile US by 0.8% during the 3rd quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider's stock worth $1,408,000 after buying an additional 54 shares during the period. Compton Wealth Advisory Group LLC grew its stake in T-Mobile US by 0.4% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider's stock valued at $2,644,000 after buying an additional 56 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its stake in T-Mobile US by 0.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider's stock valued at $1,468,000 after buying an additional 56 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

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.