T-Mobile US (NASDAQ:TMUS) PT Raised to $230.00

T-Mobile US (NASDAQ:TMUS) had its price target upped by research analysts at Barclays from $215.00 to $230.00 in a report released on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the Wireless communications provider’s stock. Barclays‘s price objective would suggest a potential upside of 4.10% from the company’s previous close.

Several other analysts have also issued reports on the company. The Goldman Sachs Group started coverage on T-Mobile US in a research note on Monday, July 1st. They issued a “buy” rating and a $200.00 target price for the company. Oppenheimer increased their target price on shares of T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Scotiabank downgraded shares of T-Mobile US from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the stock from $215.50 to $236.00 in a research note on Friday, October 18th. Tigress Financial raised their price objective on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Wells Fargo & Company boosted their target price on T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. One research analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $225.22.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $220.95 on Thursday. T-Mobile US has a one year low of $137.69 and a one year high of $223.91. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The firm has a market capitalization of $258.92 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 1.12 and a beta of 0.51. The company’s fifty day moving average price is $204.75 and its 200-day moving average price is $184.44.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating 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 business had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter in the prior year, the firm earned $1.86 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. On average, equities research analysts anticipate that T-Mobile US will post 9.14 earnings per share for the current fiscal year.

Insider Transactions at T-Mobile US

In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the transaction, the executive vice president now owns 61,871 shares in the company, valued at $13,380,222.46. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the transaction, the executive vice president now owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jon Freier sold 10,000 shares of the company’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 $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 ninety days, insiders sold 349,261 shares of company stock valued at $69,411,130. Company insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

Hedge funds have recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC raised its stake 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 valued at $449,000 after buying an additional 529 shares during the last quarter. Pinnacle Bancorp Inc. boosted its stake in T-Mobile US by 52.8% in the 1st quarter. Pinnacle Bancorp Inc. now owns 220 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 76 shares in the last quarter. OneAscent Financial Services LLC grew its position in T-Mobile US by 80.8% during the 1st quarter. OneAscent Financial Services LLC now owns 2,578 shares of the Wireless communications provider’s stock valued at $421,000 after purchasing an additional 1,152 shares during the last quarter. Independence Bank of Kentucky increased its stake in T-Mobile US by 53.4% during the 1st quarter. Independence Bank of Kentucky now owns 7,826 shares of the Wireless communications provider’s stock valued at $1,277,000 after purchasing an additional 2,725 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in T-Mobile US by 2.4% in 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 buying an additional 433 shares during the last quarter. 42.49% of the stock is 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.