T-Mobile US (NASDAQ:TMUS) Stock Price Expected to Rise, Oppenheimer Analyst Says

T-Mobile US (NASDAQ:TMUS) had its price target lifted by analysts at Oppenheimer from $250.00 to $275.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the Wireless communications provider’s stock. Oppenheimer’s price objective points to a potential upside of 18.12% from the company’s previous close.

A number of other research firms have also recently weighed in on TMUS. Tigress Financial lifted their price target on T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Morgan Stanley started coverage on T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 price target for the company. UBS Group raised their price target on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Finally, Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $250.21.

T-Mobile US Stock Performance

NASDAQ TMUS traded down $1.56 during trading hours on Friday, hitting $232.81. The company had a trading volume of 951,744 shares, compared to its average volume of 3,865,257. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The firm has a market cap of $270.18 billion, a P/E ratio of 24.13, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56. T-Mobile US has a fifty-two week low of $158.84 and a fifty-two week high of $248.15. The business has a fifty day simple moving average of $226.32 and a 200-day simple moving average of $212.97.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.00%. Equities analysts predict that T-Mobile US will post 10.15 EPS for the current year.

Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the transaction, the director now owns 5,021 shares in the company, valued at approximately $1,241,140.99. The trade was a 16.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now directly owns 5,653 shares in the company, valued at $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,200 shares of company stock valued at $32,736,303 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

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