T-Mobile US (NASDAQ:TMUS) PT Raised to $215.50 at Scotiabank

T-Mobile US (NASDAQ:TMUS) had its price objective increased by stock analysts at Scotiabank from $197.00 to $215.50 in a research note issued on Thursday, Benzinga reports. The firm currently has a “sector outperform” rating on the Wireless communications provider’s stock. Scotiabank’s target price would indicate a potential upside of 8.05% from the stock’s previous close.

A number of other research analysts also recently issued reports on TMUS. KeyCorp boosted their price target on shares of T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Bank of America boosted their price target 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. Wells Fargo & Company boosted their price target on shares of T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. TD Cowen lifted their price objective on shares of T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Tigress Financial boosted their price target 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. Eighteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $211.92.

T-Mobile US Stock Down 0.1 %

NASDAQ:TMUS opened at $199.44 on Thursday. The firm’s 50 day simple moving average is $192.29 and its 200 day simple moving average is $176.46. 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 one year low of $135.82 and a one year high of $206.30. The company has a market cap of $233.71 billion, a PE ratio of 27.13, a P/E/G ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted 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 net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. During the same period last year, the company earned $1.86 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, research analysts anticipate that T-Mobile US will post 9.18 earnings per share for the current year.

Insiders Place Their Bets

In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was 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 directly owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the sale, the chief executive officer now owns 418,124 shares in the company, valued at $81,354,386.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 value of $26,030,472.66. Following the completion of the sale, the director now owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The disclosure for this sale can be found here. Insiders sold 706,875 shares of company stock worth $130,909,198 in the last three months. 0.67% of the stock is owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of T-Mobile US by 3.8% during the 1st 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 in the last quarter. Wellington Management Group LLP boosted its position in 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 valued at $1,020,116,000 after purchasing an additional 4,241,877 shares in the last quarter. Legal & General Group Plc boosted its position in 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in T-Mobile US by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock valued at $785,667,000 after purchasing an additional 184,059 shares in the last quarter. Finally, Putnam Investments LLC boosted its holdings in T-Mobile US by 74.6% in the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after acquiring an additional 1,682,743 shares in the last quarter. Institutional investors 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.