T-Mobile US (NASDAQ:TMUS) Price Target Increased to $209.00 by Analysts at Morgan Stanley

T-Mobile US (NASDAQ:TMUS) had its target price raised by equities researchers at Morgan Stanley from $191.00 to $209.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the Wireless communications provider’s stock. Morgan Stanley’s price target suggests a potential upside of 1.94% from the stock’s current price.

Several other equities research analysts have also commented on the company. KeyCorp boosted their price target on T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday. Wells Fargo & Company upped their target price on T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday. Barclays boosted their price objective on shares of T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Finally, Scotiabank increased their price target on shares of T-Mobile US from $194.50 to $197.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $205.69.

T-Mobile US Price Performance

Shares of T-Mobile US stock traded up $2.19 during trading on Monday, reaching $205.02. The company’s stock had a trading volume of 865,806 shares, compared to its average volume of 4,568,344. T-Mobile US has a 12-month low of $135.82 and a 12-month high of $205.88. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The business has a 50 day moving average price of $190.15 and a 200-day moving average price of $175.32. The company has a market capitalization of $239.21 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. The business had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.86 EPS. As a group, sell-side analysts anticipate that T-Mobile US will post 9.18 EPS for the current year.

Insider Activity

In related news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the sale, the insider now directly owns 122,687 shares in the company, valued at $21,787,984.33. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction on 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 transaction, the director now owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the completion of the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The disclosure for this sale can be found here. Insiders sold a total of 840,336 shares of company stock valued at $154,461,060 in the last 90 days. 0.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On T-Mobile US

A number of hedge funds have recently bought and sold shares of the business. WASHINGTON TRUST Co increased its stake in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 83 shares during the last quarter. Summit Securities Group LLC bought a new position in T-Mobile US during the 2nd quarter worth approximately $27,000. Y.D. More Investments Ltd acquired a new position in shares of T-Mobile US in the 2nd quarter worth approximately $27,000. Westside Investment Management Inc. increased its holdings in shares of T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in T-Mobile US during the second quarter valued at $30,000. Institutional investors and hedge funds 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.