T-Mobile US (NASDAQ:TMUS) Now Covered by Morgan Stanley

Equities researchers at Morgan Stanley assumed coverage on shares of T-Mobile US (NASDAQ:TMUS) in a report released on Monday. The brokerage set an “overweight” rating and a $280.00 price target on the Wireless communications provider’s stock. Morgan Stanley’s price objective points to a potential upside of 26.86% from the stock’s previous close.

A number of other analysts have also recently weighed in on TMUS. Scotiabank increased their price objective 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. Tigress Financial increased their price target on T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Oppenheimer lifted their price objective on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Citigroup raised 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 note on Monday, October 21st. Finally, Wells Fargo & Company boosted their price target on shares of T-Mobile US from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus price target of $247.58.

T-Mobile US Stock Performance

Shares of TMUS opened at $220.71 on Monday. The company’s 50 day simple moving average is $231.19 and its 200-day simple moving average is $204.12. T-Mobile US has a 12-month low of $153.84 and a 12-month high of $248.15. The firm has a market cap of $256.13 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 1.20 and a beta of 0.53. 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) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same period in the previous year, the business posted $1.82 earnings per share. T-Mobile US’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities analysts predict that T-Mobile US will post 9.38 EPS for the current year.

Insider Buying and Selling

In related news, Director Raul Marcelo Claure sold 110,000 shares of T-Mobile US stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the transaction, the director now directly owns 1,441,204 shares in the company, valued at $323,262,057.20. The trade was a 7.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the sale, the insider now owns 119,687 shares in the company, valued at approximately $24,571,741.10. This trade represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 209,969 shares of company stock worth $47,272,427 in the last three months. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC raised its position in shares of T-Mobile US by 11.3% in the second quarter. Apollon Wealth Management LLC now owns 13,110 shares of the Wireless communications provider’s stock valued at $2,310,000 after buying an additional 1,330 shares during the last quarter. Aaron Wealth Advisors LLC raised its holdings in T-Mobile US by 15.4% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,794 shares of the Wireless communications provider’s stock valued at $316,000 after acquiring an additional 240 shares during the last quarter. Shelton Wealth Management LLC raised its holdings in T-Mobile US by 51.2% in the 2nd quarter. Shelton Wealth Management LLC now owns 5,018 shares of the Wireless communications provider’s stock valued at $884,000 after acquiring an additional 1,700 shares during the last quarter. Fortis Capital Management LLC acquired a new stake in shares of T-Mobile US during the second quarter worth $2,349,000. Finally, American National Bank boosted its holdings in shares of T-Mobile US by 46.4% during the second quarter. American National Bank now owns 262 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 83 shares during 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.