T-Mobile US (NASDAQ:TMUS) PT Raised to $209.00

T-Mobile US (NASDAQ:TMUS) had its target price upped by stock analysts at Morgan Stanley from $191.00 to $209.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the Wireless communications provider’s stock. Morgan Stanley’s price objective points to a potential upside of 3.11% from the stock’s previous close.

Several other research firms have also recently issued reports on TMUS. Citigroup increased their target price on shares of T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. TD Cowen upped their target price on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Scotiabank lifted their price target on T-Mobile US from $194.50 to $197.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 1st. Bank of America upped 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 report on Monday, June 10th. Finally, StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $205.69.

T-Mobile US Price Performance

T-Mobile US stock opened at $202.70 on Monday. The firm has a market capitalization of $237.53 billion, a P/E ratio of 27.58, a PEG ratio of 0.74 and a beta of 0.51. T-Mobile US has a one year low of $135.82 and a one year high of $206.30. 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 business has a fifty day moving average price of $191.16 and a 200-day moving average price of $175.90.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter last year, the company earned $1.86 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts forecast that T-Mobile US will post 9.18 EPS for the current year.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $175.86, for a total value of $23,470,451.46. Following the completion of the sale, the director now owns 670,545,206 shares of the company’s stock, valued at approximately $117,922,079,927.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total value of $23,470,451.46. Following the transaction, the director now owns 670,545,206 shares in the company, valued at $117,922,079,927.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 2,706 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $200.11, for a total transaction of $541,497.66. Following the sale, the director now owns 1,826,204 shares of the company’s stock, valued at $365,441,682.44. The disclosure for this sale can be found here. Insiders have sold a total of 840,336 shares of company stock worth $154,461,060 in the last 90 days. 0.67% of the stock is owned by company insiders.

Institutional Trading of T-Mobile US

A number of institutional investors have recently modified their holdings of TMUS. Aveo Capital Partners LLC boosted its holdings in T-Mobile US by 6.5% in the fourth quarter. Aveo Capital Partners LLC now owns 2,250 shares of the Wireless communications provider’s stock valued at $361,000 after acquiring an additional 137 shares in the last quarter. Jump Financial LLC purchased a new position in shares of T-Mobile US during the fourth quarter valued at about $846,000. Kingsview Wealth Management LLC raised its stake in T-Mobile US by 14.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 4,220 shares of the Wireless communications provider’s stock worth $677,000 after buying an additional 528 shares in the last quarter. Great Lakes Advisors LLC lifted its holdings in T-Mobile US by 140.6% in the fourth quarter. Great Lakes Advisors LLC now owns 21,640 shares of the Wireless communications provider’s stock worth $3,470,000 after buying an additional 12,645 shares during the period. Finally, Level Four Advisory Services LLC boosted its position in T-Mobile US by 8.4% during the 4th quarter. Level Four Advisory Services LLC now owns 4,555 shares of the Wireless communications provider’s stock valued at $730,000 after acquiring an additional 354 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other 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.