Scotiabank Forecasts Strong Price Appreciation for T-Mobile US (NASDAQ:TMUS) Stock

T-Mobile US (NASDAQ:TMUS) had its target price upped by analysts at Scotiabank from $234.00 to $247.00 in a report released on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the Wireless communications provider’s stock. Scotiabank’s price objective would indicate a potential upside of 3.19% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Oppenheimer boosted their target price on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays boosted their price target on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Wells Fargo & Company increased their price objective on shares of T-Mobile US from $220.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Daiwa America upgraded T-Mobile US to a “hold” rating in a report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $247.05.

T-Mobile US Stock Performance

TMUS stock opened at $239.36 on Thursday. The business’s fifty day moving average is $226.37 and its 200-day moving average is $212.82. The company has a market cap of $277.77 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 1.08 and a beta of 0.56. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US has a twelve month low of $158.84 and a twelve month high of $248.15.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. Equities research analysts forecast that T-Mobile US will post 9.3 EPS for the current year.

Insider Activity at T-Mobile US

In other news, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the transaction, the director now directly owns 5,021 shares of the company’s stock, valued at $1,241,140.99. The trade was a 16.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now directly owns 5,653 shares of the company’s stock, valued at $1,306,295.24. This represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,200 shares of company stock valued at $32,736,303 over the last quarter. 0.67% of the stock is owned by corporate insiders.

Institutional Trading of T-Mobile US

Several large investors have recently made changes to their positions in the company. DT Investment Partners LLC boosted its holdings in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 47 shares in the last quarter. Dunhill Financial LLC lifted its holdings in shares of T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares in the last quarter. MFA Wealth Advisors LLC grew its position in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 77 shares during the period. Financial Life Planners bought a new stake in T-Mobile US during the 4th quarter valued at $29,000. Finally, Legacy Investment Solutions LLC acquired a new position in T-Mobile US during the third quarter worth $34,000. 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.