T-Mobile US (NASDAQ:TMUS) PT Raised to $250.00

T-Mobile US (NASDAQ:TMUS) had its price target boosted by equities researchers at Oppenheimer from $215.00 to $250.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the Wireless communications provider’s stock. Oppenheimer’s target price points to a potential upside of 10.44% from the stock’s previous close.

A number of other analysts have also recently commented on TMUS. Citigroup upped their price target on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. The Goldman Sachs Group boosted their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday. Raymond James cut T-Mobile US from a “strong-buy” rating to an “outperform” rating and increased their target price for the stock from $208.00 to $221.00 in a report on Wednesday, October 2nd. Scotiabank upped their price objective on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Wells Fargo & Company lifted their price objective on shares of T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $240.17.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $226.36 on Thursday. The company has a market capitalization of $264.11 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 1.15 and a beta of 0.51. T-Mobile US has a twelve month low of $138.42 and a twelve month high of $234.56. The stock has a fifty day simple moving average of $205.53 and a 200 day simple moving average of $184.78. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 earnings per share. Sell-side analysts expect that T-Mobile US will post 9.22 EPS for the current 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 that occurred on 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 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s stock in a transaction dated 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the sale, the insider now directly owns 119,687 shares of the company’s stock, valued at $24,571,741.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 349,261 shares of company stock valued at $69,411,130 over the last three months. Company insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Several institutional investors and hedge funds have recently bought and sold shares of the stock. DT Investment Partners LLC increased its stake in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares during the period. MFA Wealth Advisors LLC increased its position in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 77 shares during the period. WASHINGTON TRUST Co raised its stake in shares of T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares during the last quarter. Y.D. More Investments Ltd purchased a new stake in shares of T-Mobile US during the second quarter worth about $27,000. Finally, Summit Securities Group LLC bought a new stake in shares of T-Mobile US in the second quarter worth about $27,000. 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.