T-Mobile US (NASDAQ:TMUS) PT Raised to $240.00

T-Mobile US (NASDAQ:TMUS) had its price objective lifted by analysts at Bank of America from $220.00 to $240.00 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the Wireless communications provider’s stock. Bank of America‘s target price points to a potential upside of 6.03% from the stock’s current price.

Several other research analysts have also recently commented on TMUS. Citigroup upped their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Barclays raised their target price on T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Wells Fargo & Company lifted their target price on T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Morgan Stanley raised their price target on T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Finally, Tigress Financial lifted their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $240.17.

T-Mobile US Trading Down 3.1 %

NASDAQ:TMUS opened at $226.36 on Thursday. The firm has a market capitalization of $264.11 billion, a P/E ratio of 28.37, a P/E/G ratio of 1.15 and a beta of 0.51. The business has a 50 day simple moving average of $205.53 and a 200 day simple moving average of $184.78. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. T-Mobile US has a 12-month low of $138.42 and a 12-month high of $234.56.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the previous year, the company posted $1.82 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts predict that T-Mobile US will post 9.22 EPS for the current year.

Insider Buying and Selling

In related news, insider Jon Freier sold 10,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the transaction, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares in the company, valued at approximately $29,577,154.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 9,586 shares of T-Mobile US stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the transaction, the director now owns 1,940,792 shares in the company, valued at approximately $382,258,392.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 349,261 shares of company stock worth $69,411,130 in the last three months. 0.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On T-Mobile US

Institutional investors have recently bought and sold shares of the business. WASHINGTON TRUST Co boosted its holdings in shares of T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares during the period. DT Investment Partners LLC grew its holdings in shares of 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 valued at $25,000 after acquiring an additional 47 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of T-Mobile US in the second quarter worth $27,000. Y.D. More Investments Ltd acquired a new position in shares of T-Mobile US in the second quarter worth $27,000. Finally, Westside Investment Management Inc. raised its holdings in shares of T-Mobile US by 75.8% during 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 in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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.