T-Mobile US (NASDAQ:TMUS) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

T-Mobile US (NASDAQ:TMUS) had its price objective hoisted by equities researchers at Wells Fargo & Company from $220.00 to $235.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the Wireless communications provider’s stock. Wells Fargo & Company‘s target price would indicate a potential downside of 0.06% from the stock’s current price.

A number of other research analysts have also recently weighed in on TMUS. Morgan Stanley began coverage on shares of T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 target price on the stock. Sanford C. Bernstein started coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Benchmark reissued a “buy” rating and issued a $255.00 target price on shares of T-Mobile US in a research note on Tuesday. Finally, 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. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $246.53.

T-Mobile US Price Performance

Shares of TMUS opened at $235.15 on Thursday. The business has a 50-day moving average of $226.37 and a 200-day moving average of $212.66. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US has a 1 year low of $158.84 and a 1 year high of $248.15. The company has a market capitalization of $272.89 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 1.08 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. As a group, equities research analysts anticipate that T-Mobile US will post 9.3 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Raul Marcelo Claure sold 110,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the sale, the director now directly owns 1,441,204 shares in the company, valued at $323,262,057.20. This trade represents a 7.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nestor Cano sold 11,100 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $230.75, for a total value of $2,561,325.00. Following the completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $1,015,300. The trade was a 71.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 144,200 shares of company stock worth $32,736,303. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Susquehanna Fundamental Investments LLC acquired a new position in shares of T-Mobile US in the 2nd quarter valued at $863,000. EP Wealth Advisors LLC grew its stake in shares of T-Mobile US by 13.9% in the second quarter. EP Wealth Advisors LLC now owns 5,906 shares of the Wireless communications provider’s stock worth $1,040,000 after acquiring an additional 721 shares in the last quarter. Advisory Alpha LLC raised its position in T-Mobile US by 5.9% in the 2nd quarter. Advisory Alpha LLC now owns 1,419 shares of the Wireless communications provider’s stock valued at $250,000 after purchasing an additional 79 shares in the last quarter. New Century Financial Group LLC purchased a new position in T-Mobile US in the second quarter worth approximately $234,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of T-Mobile US during the second quarter worth $12,095,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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.