Deutsche Bank Aktiengesellschaft Increases T-Mobile US (NASDAQ:TMUS) Price Target to $185.00

T-Mobile US (NASDAQ:TMUS) had its price objective raised by stock analysts at Deutsche Bank Aktiengesellschaft from $155.00 to $185.00 in a research note issued on Monday, The Fly reports. The brokerage currently has a “buy” rating on the Wireless communications provider’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 41.71% from the stock’s previous close.

A number of other brokerages have also commented on TMUS. JPMorgan Chase & Co. set a $150.00 price objective on shares of T-Mobile US and gave the stock a “buy” rating in a research report on Monday, March 15th. Truist boosted their price objective on shares of T-Mobile US from $135.00 to $150.00 in a research report on Friday, February 5th. Raymond James boosted their price objective on shares of T-Mobile US from $140.00 to $142.00 and gave the stock an “outperform” rating in a research report on Monday, February 8th. Wells Fargo & Company boosted their target price on shares of T-Mobile US from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, March 12th. Finally, Royal Bank of Canada set a $133.00 target price on shares of T-Mobile US and gave the stock a “neutral” rating in a report on Friday, March 12th. Four equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $145.48.

Shares of TMUS opened at $130.55 on Monday. The firm’s 50 day moving average price is $126.74 and its two-hundred day moving average price is $125.60. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.88 and a current ratio of 0.98. The firm has a market cap of $162.25 billion, a P/E ratio of 42.66, a PEG ratio of 2.22 and a beta of 0.55. T-Mobile US has a twelve month low of $85.81 and a twelve month high of $135.54.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, February 4th. The Wireless communications provider reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.09. The business had revenue of $20.34 billion for the quarter, compared to analyst estimates of $19.97 billion. T-Mobile US had a net margin of 5.11% and a return on equity of 8.69%. During the same quarter in the previous year, the firm posted $0.87 earnings per share. On average, sell-side analysts anticipate that T-Mobile US will post 3.49 earnings per share for the current fiscal year.

In related news, CEO G Michael Sievert sold 40,000 shares of the company’s stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $121.67, for a total value of $4,866,800.00. Also, insider Neville R. Ray sold 17,600 shares of the company’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $130.01, for a total transaction of $2,288,176.00. Following the completion of the transaction, the insider now owns 445,264 shares in the company, valued at $57,888,772.64. The disclosure for this sale can be found here. Insiders sold 93,200 shares of company stock worth $11,731,760 over the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Outlook Wealth Advisors LLC lifted its position in T-Mobile US by 1.6% during the fourth quarter. Outlook Wealth Advisors LLC now owns 6,000 shares of the Wireless communications provider’s stock worth $809,000 after purchasing an additional 92 shares during the period. Prime Capital Investment Advisors LLC lifted its position in T-Mobile US by 16.6% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 702 shares of the Wireless communications provider’s stock worth $95,000 after purchasing an additional 100 shares during the period. Syntal Capital Partners LLC lifted its position in T-Mobile US by 0.8% during the fourth quarter. Syntal Capital Partners LLC now owns 12,509 shares of the Wireless communications provider’s stock worth $1,686,000 after purchasing an additional 102 shares during the period. Raymond James Trust N.A. lifted its position in T-Mobile US by 1.7% during the fourth quarter. Raymond James Trust N.A. now owns 6,415 shares of the Wireless communications provider’s stock worth $865,000 after purchasing an additional 109 shares during the period. Finally, Rehmann Capital Advisory Group lifted its position in T-Mobile US by 4.7% during the fourth quarter. Rehmann Capital Advisory Group now owns 2,550 shares of the Wireless communications provider’s stock worth $344,000 after purchasing an additional 114 shares during the period. 58.45% of the stock is 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 102.1 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

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