T-Mobile US (NASDAQ:TMUS) PT Raised to $237.00

T-Mobile US (NASDAQ:TMUS) had its price objective hoisted by equities researchers at Scotiabank from $236.00 to $237.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “sector perform” rating on the Wireless communications provider’s stock. Scotiabank’s price target would indicate a potential upside of 4.70% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. Benchmark upped their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Deutsche Bank Aktiengesellschaft upped their target price on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. The Goldman Sachs Group raised their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday. KeyCorp upped their price objective on T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company increased their price objective on T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $240.17.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $226.36 on Thursday. T-Mobile US has a 1-year low of $138.42 and a 1-year high of $234.56. The company has a 50 day moving average of $205.53 and a 200-day moving average of $184.78. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The firm has a market cap of $264.11 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 1.15 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $1.82 EPS. On average, equities analysts forecast that T-Mobile US will post 9.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the transaction, the director now directly owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the sale, the director now owns 1,824,632 shares of the company’s stock, valued at $357,627,872. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the sale, the insider now directly 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 quarter, insiders have sold 349,261 shares of company stock valued at $69,411,130. 0.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

Institutional investors have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC boosted its holdings in T-Mobile US by 23.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,754 shares of the Wireless communications provider’s stock worth $449,000 after purchasing an additional 529 shares during the last quarter. Pinnacle Bancorp Inc. boosted its stake in shares of T-Mobile US by 52.8% during the 1st 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 holdings in shares of T-Mobile US by 80.8% in the 1st quarter. OneAscent Financial Services LLC now owns 2,578 shares of the Wireless communications provider’s stock valued at $421,000 after acquiring an additional 1,152 shares in the last quarter. Independence Bank of Kentucky increased 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 acquiring an additional 2,725 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in T-Mobile US by 2.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 18,177 shares of the Wireless communications provider’s stock worth $2,967,000 after acquiring an additional 433 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

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.