Citigroup Boosts T-Mobile US (NASDAQ:TMUS) Price Target to $254.00

T-Mobile US (NASDAQ:TMUS) had its target price lifted by stock analysts at Citigroup from $210.00 to $254.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the Wireless communications provider’s stock. Citigroup’s price target indicates a potential upside of 14.02% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Raymond James lowered shares of T-Mobile US from a “strong-buy” rating to an “outperform” rating and increased their price objective for the company from $208.00 to $221.00 in a report on Wednesday, October 2nd. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Oppenheimer raised 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. Finally, Barclays raised their target price on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. One equities 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 company. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Buy” and a consensus target price of $219.94.

T-Mobile US Stock Performance

NASDAQ TMUS traded down $0.44 on Monday, reaching $222.77. 4,561,941 shares of the stock were exchanged, compared to its average volume of 4,478,705. T-Mobile US has a one year low of $136.92 and a one year high of $223.88. The firm has a market capitalization of $261.05 billion, a PE ratio of 30.31, a PEG ratio of 1.12 and a beta of 0.51. The company’s 50-day simple moving average is $203.23 and its two-hundred day simple moving average is $183.34. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last announced 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. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. During the same period last year, the firm posted $1.86 EPS. The company’s revenue was up 3.0% on a year-over-year basis. Analysts expect that T-Mobile US will post 9.14 EPS for the current fiscal year.

Insider Transactions at T-Mobile US

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US 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 sale, the executive vice president now directly owns 61,871 shares in the company, valued at approximately $13,380,222.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the sale, the executive vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the sale, the director now owns 1,824,632 shares of the company’s stock, valued at $357,627,872. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 349,261 shares of company stock worth $69,411,130. 0.67% of the stock is currently owned by insiders.

Institutional Trading of T-Mobile US

Several institutional investors and hedge funds have recently made changes to their positions in TMUS. Vanguard Group Inc. grew its stake in T-Mobile US by 3.8% in the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after purchasing an additional 1,667,778 shares during the last quarter. Clearbridge Investments LLC grew its stake in T-Mobile US by 18.8% in the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after purchasing an additional 578,348 shares during the last quarter. Legal & General Group Plc grew its stake in 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. Blackstone Inc. purchased a new position in T-Mobile US in the first quarter valued at about $48,966,000. Finally, ProShare Advisors LLC grew its stake in T-Mobile US by 26.8% in the first quarter. ProShare Advisors LLC now owns 1,233,867 shares of the Wireless communications provider’s stock valued at $201,392,000 after purchasing an additional 260,795 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

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.