T-Mobile US (NASDAQ:TMUS) Sets New 1-Year High After Analyst Upgrade

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) hit a new 52-week high during trading on Monday after KeyCorp raised their price target on the stock from $190.00 to $230.00. KeyCorp currently has an overweight rating on the stock. T-Mobile US traded as high as $205.88 and last traded at $204.98, with a volume of 195944 shares traded. The stock had previously closed at $202.83.

Other equities research analysts have also issued reports about the company. Barclays upped their price target on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Evercore ISI raised shares of T-Mobile US to a “hold” rating in a report on Thursday, August 1st. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company lifted their price objective on T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, The Goldman Sachs Group started coverage on shares of T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $204.25.

Insider Transactions at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the sale, the chief executive officer now owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other T-Mobile US news, EVP Deeanne King sold 15,437 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the transaction, the executive vice president now directly owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,124 shares in the company, valued at approximately $81,354,386.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 840,336 shares of company stock worth $154,461,060. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. WASHINGTON TRUST Co boosted its position in shares of T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. Y.D. More Investments Ltd acquired a new stake in T-Mobile US during the second quarter valued at approximately $27,000. Summit Securities Group LLC acquired a new position in T-Mobile US in the second quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of T-Mobile US in the second quarter valued at $30,000. Finally, Westside Investment Management Inc. lifted its position in shares of T-Mobile US by 75.8% during 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. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Trading Up 1.2 %

The firm has a 50 day moving average price of $190.15 and a two-hundred day moving average price of $175.32. The firm has a market capitalization of $239.46 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter last year, the business posted $1.86 EPS. T-Mobile US’s revenue was up 3.0% on a year-over-year basis. On average, equities research analysts expect that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

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.