T-Mobile US (NASDAQ:TMUS) PT Raised to $209.00

T-Mobile US (NASDAQ:TMUS) had its target price lifted by Morgan Stanley from $191.00 to $209.00 in a research report released on Monday morning, Benzinga reports. They currently have an overweight rating on the Wireless communications provider’s stock.

Other analysts have also recently issued reports about the company. KeyCorp lifted their price objective on T-Mobile US from $190.00 to $230.00 and gave the company an overweight rating in a research report on Monday. Deutsche Bank Aktiengesellschaft upped their price target on T-Mobile US from $185.00 to $200.00 and gave the stock a buy rating in a research note on Thursday, July 18th. Bank of America boosted their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the company a buy rating in a report on Monday, June 10th. Scotiabank increased their price target on shares of T-Mobile US from $194.50 to $197.00 and gave the stock a sector outperform rating in a research note on Thursday, August 1st. Finally, Evercore ISI raised shares of T-Mobile US to a hold rating in a research note on Thursday, August 1st. Eighteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of $210.25.

T-Mobile US Stock Performance

T-Mobile US stock opened at $199.64 on Monday. T-Mobile US has a 1-year low of $135.82 and a 1-year high of $206.30. The firm has a market cap of $233.95 billion, a P/E ratio of 27.16, a P/E/G ratio of 0.74 and a beta of 0.51. 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 50-day moving average of $191.90 and a 200-day moving average of $176.21.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data 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 for 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 company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.86 EPS. Sell-side analysts expect that T-Mobile US will post 9.18 EPS for the current year.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total transaction of $23,470,451.46. Following the transaction, the director now owns 670,545,206 shares in the company, valued at $117,922,079,927.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was 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 approximately $29,577,154.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $175.86, for a total transaction of $23,470,451.46. Following the completion of the transaction, the director now owns 670,545,206 shares in the company, valued at approximately $117,922,079,927.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 706,875 shares of company stock valued at $130,909,198. 0.67% of the stock is owned by insiders.

Institutional Trading of T-Mobile US

Several large investors have recently added to or reduced their stakes in the business. WASHINGTON TRUST Co grew 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 acquiring an additional 83 shares during the period. Summit Securities Group LLC bought a new stake in T-Mobile US during the second quarter valued at about $27,000. Y.D. More Investments Ltd purchased a new stake in T-Mobile US in the second quarter worth about $27,000. Westside Investment Management Inc. increased its position in T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 75 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of T-Mobile US in the second quarter worth about $30,000. 42.49% of the stock is currently owned by institutional investors.

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.