T-Mobile US (NASDAQ:TMUS) PT Raised to $240.00

T-Mobile US (NASDAQ:TMUS) had its price target hoisted by research analysts at Bank of America from $220.00 to $240.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the Wireless communications provider’s stock. Bank of America‘s price objective points to a potential upside of 8.62% from the stock’s previous close.

TMUS has been the topic of several other reports. Tigress Financial upped their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 12th. JPMorgan Chase & Co. upped their price target on shares of T-Mobile US from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Oppenheimer increased their price target 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. TD Cowen boosted their price objective on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Morgan Stanley increased their target price on T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $222.44.

T-Mobile US Stock Performance

Shares of TMUS opened at $220.95 on Thursday. 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 50-day moving average of $204.75 and a 200-day moving average of $184.44. The company has a market cap of $258.92 billion, a PE ratio of 30.06, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51. T-Mobile US has a one year low of $137.69 and a one year high of $223.91.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter last year, the company posted $1.86 earnings per share. T-Mobile US’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, equities analysts forecast that T-Mobile US will post 9.14 earnings per share for the current year.

Insider Buying and Selling at T-Mobile US

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 61,871 shares in the company, valued at $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 is available through this hyperlink. In other news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total value of $615,900.00. Following the transaction, the insider now owns 119,687 shares in the company, valued at $24,571,741.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $9,249,223.94. Following the sale, the executive vice president now owns 61,871 shares in the company, valued at $13,380,222.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 349,261 shares of company stock worth $69,411,130. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in T-Mobile US by 3.8% during 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 buying an additional 1,667,778 shares during the period. Clearbridge Investments LLC increased its stake in shares of T-Mobile US by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after purchasing an additional 578,348 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of T-Mobile US by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after purchasing an additional 303,582 shares during the period. Blackstone Inc. purchased a new position in T-Mobile US in the first quarter valued at approximately $48,966,000. Finally, ProShare Advisors LLC grew its holdings in T-Mobile US by 26.8% during 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 period. 42.49% of the stock is owned by hedge funds and other 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.