T-Mobile US (NASDAQ:TMUS) Price Target Increased to $250.00 by Analysts at TD Cowen

T-Mobile US (NASDAQ:TMUS) had its price target hoisted by equities research analysts at TD Cowen from $216.00 to $250.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the Wireless communications provider’s stock. TD Cowen’s price objective would suggest a potential upside of 7.94% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Scotiabank raised their target price on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research report on Thursday. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley raised their target price on T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. One analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, T-Mobile US has an average rating of “Buy” and an average price target of $234.78.

T-Mobile US Stock Performance

Shares of TMUS stock traded up $10.66 during mid-day trading on Thursday, reaching $231.61. The stock had a trading volume of 3,409,609 shares, compared to its average volume of 4,485,201. The firm’s 50 day simple moving average is $204.75 and its 200 day simple moving average is $184.44. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US has a one year low of $137.69 and a one year high of $231.80. The firm has a market cap of $271.41 billion, a PE ratio of 31.51, a P/E/G ratio of 1.12 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data 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. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company 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 company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts forecast that T-Mobile US will post 9.14 EPS for the current year.

Insider Activity

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the transaction, the executive vice president now directly owns 61,871 shares in the company, valued at $13,380,222.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the transaction, the executive vice president now directly owns 61,871 shares in the company, valued at $13,380,222.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jon Freier sold 10,000 shares of the firm’s 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 349,261 shares of company stock valued at $69,411,130. Company insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

A number of institutional investors have recently modified their holdings of TMUS. Wealthcare Advisory Partners LLC lifted its holdings in shares of T-Mobile US by 23.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,754 shares of the Wireless communications provider’s stock valued at $449,000 after purchasing an additional 529 shares in the last quarter. Pinnacle Bancorp Inc. increased its position in T-Mobile US by 52.8% during the first quarter. Pinnacle Bancorp Inc. now owns 220 shares of the Wireless communications provider’s stock worth $36,000 after buying an additional 76 shares during the last quarter. OneAscent Financial Services LLC grew its position in shares of T-Mobile US by 80.8% in the first quarter. OneAscent Financial Services LLC now owns 2,578 shares of the Wireless communications provider’s stock valued at $421,000 after purchasing an additional 1,152 shares during the last quarter. Independence Bank of Kentucky grew its position in shares of T-Mobile US by 53.4% in the first quarter. Independence Bank of Kentucky now owns 7,826 shares of the Wireless communications provider’s stock valued at $1,277,000 after purchasing an additional 2,725 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of T-Mobile US by 2.4% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 18,177 shares of the Wireless communications provider’s stock valued at $2,967,000 after purchasing an additional 433 shares during the last quarter. 42.49% of the stock is currently owned by 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.