T-Mobile US (NASDAQ:TMUS) Price Target Raised to $250.00 at Barclays

T-Mobile US (NASDAQ:TMUS) had its price target boosted by research analysts at Barclays from $230.00 to $250.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the Wireless communications provider’s stock. Barclays‘s price target indicates a potential upside of 5.33% from the stock’s previous close.

A number of other research firms also recently weighed in on TMUS. JPMorgan Chase & Co. increased their price target on shares of T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a research note on Thursday. TD Cowen lifted their price target on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Raymond James cut T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Daiwa America upgraded T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Finally, Sanford C. Bernstein started coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.26.

T-Mobile US Stock Performance

NASDAQ TMUS traded up $4.37 on Monday, hitting $237.34. 1,430,816 shares of the company’s stock were exchanged, compared to its average volume of 3,861,353. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US has a fifty-two week low of $158.84 and a fifty-two week high of $248.15. The firm has a market cap of $275.43 billion, a price-to-earnings ratio of 24.54, a P/E/G ratio of 1.38 and a beta of 0.56. The firm’s 50-day moving average price is $226.22 and its two-hundred day moving average price is $213.75.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, research analysts expect that T-Mobile US will post 10.18 EPS for the current year.

Insiders Place Their Bets

In other T-Mobile US news, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now directly owns 5,653 shares in the company, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Nestor Cano sold 11,100 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $1,015,300. This represents a 71.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,200 shares of company stock valued at $8,063,303 over the last 90 days. 0.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

Several institutional investors and hedge funds have recently added to or reduced their stakes in TMUS. ING Groep NV lifted its position in shares of T-Mobile US by 90.2% in the 4th quarter. ING Groep NV now owns 279,603 shares of the Wireless communications provider’s stock worth $61,717,000 after acquiring an additional 132,607 shares during the period. First Bank & Trust raised its stake in shares of T-Mobile US by 9.2% in the fourth quarter. First Bank & Trust now owns 2,586 shares of the Wireless communications provider’s stock valued at $571,000 after purchasing an additional 217 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in T-Mobile US by 248.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 15,658 shares of the Wireless communications provider’s stock worth $3,456,000 after purchasing an additional 11,169 shares during the period. Handelsbanken Fonder AB boosted its stake in T-Mobile US by 1.8% during the fourth quarter. Handelsbanken Fonder AB now owns 192,658 shares of the Wireless communications provider’s stock worth $42,525,000 after buying an additional 3,363 shares in the last quarter. Finally, Wealth Alliance increased its holdings in T-Mobile US by 3.2% in the 4th quarter. Wealth Alliance now owns 1,665 shares of the Wireless communications provider’s stock valued at $367,000 after buying an additional 52 shares during the period. 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.