T-Mobile US (NASDAQ:TMUS) PT Raised to $215.00

T-Mobile US (NASDAQ:TMUS) had its price target upped by Oppenheimer from $200.00 to $215.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the Wireless communications provider’s stock. Oppenheimer’s target price points to a potential upside of 7.80% from the stock’s previous close.

Several other equities analysts have also issued reports on TMUS. Scotiabank upped their target price on T-Mobile US from $194.50 to $197.00 and gave the company a “sector outperform” rating in a report on Thursday, August 1st. KeyCorp increased their target price on T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Tigress Financial raised their price target on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, August 12th. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Eighteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $211.92.

T-Mobile US Trading Down 0.1 %

Shares of TMUS stock opened at $199.44 on Thursday. The stock’s fifty day simple moving average is $192.29 and its 200 day simple moving average is $176.46. T-Mobile US has a twelve month low of $135.82 and a twelve month high of $206.30. The firm has a market capitalization of $233.71 billion, a P/E ratio of 27.13, a P/E/G ratio of 0.74 and a beta of 0.51. 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 released its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. The firm had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.86 EPS. As a group, sell-side analysts predict that T-Mobile US will post 9.18 EPS for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 2,706 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $200.11, for a total value of $541,497.66. Following the transaction, the director now directly owns 1,826,204 shares in the company, valued at approximately $365,441,682.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the transaction, the chief executive officer now directly owns 418,124 shares in the company, valued at approximately $81,354,386.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 2,706 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $200.11, for a total transaction of $541,497.66. Following the sale, the director now owns 1,826,204 shares in the company, valued at $365,441,682.44. The disclosure for this sale can be found here. Insiders have sold 706,875 shares of company stock worth $130,909,198 in the last ninety days. 0.67% of the stock is owned by insiders.

Institutional Investors Weigh In On T-Mobile US

A number of large investors have recently modified their holdings of TMUS. Wellington Management Group LLP increased its position in shares of 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. Putnam Investments LLC increased its position in shares of T-Mobile US by 74.6% in the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after purchasing an additional 1,682,743 shares during the last quarter. Vanguard Group Inc. increased its position in shares of T-Mobile US by 3.8% in the 1st 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 increased its position in shares of T-Mobile US by 18.8% in the 1st 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. Finally, Capital International Investors increased its position in shares of T-Mobile US by 27.1% in the 4th quarter. Capital International Investors now owns 2,660,314 shares of the Wireless communications provider’s stock valued at $426,528,000 after purchasing an additional 567,390 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other 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.