T-Mobile US (NASDAQ:TMUS) Given New $230.00 Price Target at Wells Fargo & Company

T-Mobile US (NASDAQ:TMUS) had its price objective lifted by Wells Fargo & Company from $200.00 to $230.00 in a research report sent to investors on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the Wireless communications provider’s stock.

A number of other analysts have also recently issued reports on TMUS. Bank of America increased 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 note on Monday, June 10th. Scotiabank raised their price target on T-Mobile US from $194.50 to $197.00 and gave the company a sector outperform rating in a report on Thursday, August 1st. The Goldman Sachs Group began coverage on T-Mobile US in a research note on Monday, July 1st. They issued a buy rating and a $200.00 price objective for the company. Evercore ISI raised T-Mobile US to a hold rating in a research note on Thursday, August 1st. Finally, Tigress Financial upped their price target on T-Mobile US from $205.00 to $235.00 and gave the stock a buy rating in a research note on Monday, August 12th. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $201.44.

T-Mobile US Trading Up 0.2 %

Shares of TMUS stock opened at $202.83 on Thursday. T-Mobile US has a 1 year low of $135.82 and a 1 year high of $205.28. The firm has a fifty day moving average price of $190.15 and a 200-day moving average price of $175.32. The company has a market cap of $236.66 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 0.74 and a beta of 0.51. 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 (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The business had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.86 earnings per share. As a group, equities analysts predict that T-Mobile US will post 9.18 earnings per share for the current year.

Insider Transactions at T-Mobile US

In related news, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the transaction, the director now owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the sale, the director now owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction on Monday, June 24th. The stock was sold at an average price of $178.04, for a total transaction of $23,761,396.44. Following the transaction, the director now directly owns 670,812,128 shares of the company’s stock, valued at $119,431,391,269.12. 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 three months. Insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TMUS. Vanguard Group Inc. raised its holdings in shares of T-Mobile US by 3.8% in the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after buying an additional 1,667,778 shares during the period. Norges Bank purchased a new stake in T-Mobile US in the fourth quarter worth $3,338,708,000. Wellington Management Group LLP lifted its position in shares of T-Mobile US by 200.0% during the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after purchasing an additional 4,241,877 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after purchasing an additional 303,582 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in T-Mobile US by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock valued at $785,667,000 after buying an additional 184,059 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

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.