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

T-Mobile US (NASDAQ:TMUS) had its price objective boosted by research analysts at KeyCorp from $190.00 to $230.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the Wireless communications provider’s stock. KeyCorp’s target price indicates a potential upside of 12.78% from the company’s current price.

TMUS has been the subject of several other reports. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Scotiabank upped their price target on shares of T-Mobile US from $194.50 to $197.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 1st. Wells Fargo & Company upped their price target on T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday. Citigroup lifted their price target on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Tigress Financial lifted their price target on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $204.25.

T-Mobile US Price Performance

T-Mobile US stock opened at $203.93 on Monday. The firm has a market cap of $237.94 billion, a P/E ratio of 27.75, a P/E/G ratio of 0.74 and a beta of 0.51. T-Mobile US has a one year low of $135.82 and a one year high of $205.28. 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 stock’s 50 day moving average is $190.15 and its 200 day moving average is $175.32.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating the consensus estimate 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 company had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same period last year, the business posted $1.86 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, research analysts expect that T-Mobile US will post 9.18 EPS for the current year.

Insider Activity

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the transaction, the insider now owns 122,687 shares in the company, valued at $21,787,984.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the transaction, the director now owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. The disclosure for this sale can be found here. Insiders have sold 840,336 shares of company stock valued at $154,461,060 in the last three months. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in T-Mobile US by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after buying an additional 1,667,778 shares in the last quarter. Wellington Management Group LLP lifted its stake in T-Mobile US by 200.0% in the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after purchasing an additional 4,241,877 shares during the last quarter. Legal & General Group Plc grew its position in shares of T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after purchasing an additional 303,582 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of T-Mobile US by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock worth $785,667,000 after purchasing an additional 184,059 shares during the period. Finally, Putnam Investments LLC boosted its position in shares of T-Mobile US by 74.6% during the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after acquiring an additional 1,682,743 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.