T-Mobile US (NASDAQ:TMUS) Earns Overweight Rating from Analysts at Morgan Stanley

Analysts at Morgan Stanley started coverage on shares of T-Mobile US (NASDAQ:TMUS - Get Free Report) in a report issued on Monday. The firm set an "overweight" rating and a $280.00 price target on the Wireless communications provider's stock. Morgan Stanley's price objective would indicate a potential upside of 22.02% from the stock's previous close.

Several other analysts have also weighed in on the company. BNP Paribas raised T-Mobile US to a "strong-buy" rating in a report on Friday, October 25th. Royal Bank of Canada increased their price objective on shares of T-Mobile US from $232.00 to $255.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. TD Cowen lifted their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Barclays upped their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Finally, UBS Group raised their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average price target of $247.58.

T-Mobile US Price Performance

Shares of TMUS traded down $2.47 during trading hours on Monday, reaching $229.47. The company had a trading volume of 4,489,377 shares, compared to its average volume of 4,353,987. The company has a market capitalization of $266.30 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 1.20 and a beta of 0.53. T-Mobile US has a 12-month low of $153.84 and a 12-month high of $248.15. The firm has a 50 day simple moving average of $231.00 and a 200-day simple moving average of $203.79. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $1.82 EPS. Research analysts expect that T-Mobile US will post 9.38 earnings per share for the current year.

Insider Activity

In other news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the transaction, the director now directly owns 5,021 shares of the company's stock, valued at $1,241,140.99. The trade was a 16.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO G Michael Sievert sold 20,000 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now owns 378,124 shares of the company's stock, valued at $89,891,418.52. The trade was a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,869 shares of company stock valued at $47,018,239 in the last ninety days. Company insiders own 0.67% of the company's stock.

Hedge Funds Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently made changes to their positions in the business. DT Investment Partners LLC lifted its position in T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 47 shares in the last quarter. Dunhill Financial LLC boosted its stake in shares of T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 56 shares during the period. MFA Wealth Advisors LLC grew its holdings in T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 77 shares in the last quarter. Y.D. More Investments Ltd purchased a new stake in T-Mobile US during the 2nd quarter worth $27,000. Finally, Summit Securities Group LLC acquired a new position in T-Mobile US in the 2nd quarter worth $27,000. Institutional investors and hedge funds own 42.49% of the company's stock.

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.