Morgan Stanley Boosts T-Mobile US (NASDAQ:TMUS) Price Target to $209.00

T-Mobile US (NASDAQ:TMUS) had its price objective upped by stock analysts at Morgan Stanley from $191.00 to $209.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the Wireless communications provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 1.94% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Scotiabank upped their price target on shares of T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 1st. Benchmark lifted their price target on T-Mobile US from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Barclays upped their target price on shares of T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company raised their price target on shares of T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $205.69.

T-Mobile US Stock Performance

T-Mobile US stock traded up $2.19 during mid-day trading on Monday, hitting $205.02. The company had a trading volume of 865,806 shares, compared to its average volume of 4,568,344. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $239.21 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 0.74 and a beta of 0.51. The company’s fifty day moving average is $190.15 and its 200-day moving average is $175.32. T-Mobile US has a 12-month low of $135.82 and a 12-month high of $205.88.

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 the consensus estimate of $2.27 by $0.22. The company had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business earned $1.86 earnings per share. Equities research analysts predict that T-Mobile US will post 9.18 EPS for the current year.

Insider Buying and Selling

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $177.59, for a total transaction of $532,770.00. Following the transaction, the insider now directly owns 122,687 shares in the company, valued at $21,787,984.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $178.04, for a total value of $23,761,396.44. Following the completion of the transaction, the director now owns 670,812,128 shares in the company, valued at $119,431,391,269.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $177.59, for a total transaction of $532,770.00. Following the completion of the transaction, the insider now owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 840,336 shares of company stock valued at $154,461,060. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Several institutional investors have recently added to or reduced their stakes in TMUS. Wellington Management Group LLP boosted its holdings 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 buying an additional 4,241,877 shares in the last quarter. Putnam Investments LLC lifted its stake in T-Mobile US by 74.6% in the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after buying an additional 1,682,743 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of T-Mobile US by 3.8% in 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 acquiring an additional 1,667,778 shares during the period. Clearbridge Investments LLC grew its position in shares of T-Mobile US by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after acquiring an additional 578,348 shares during the last quarter. Finally, Capital International Investors raised its position in 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. Hedge funds and other institutional investors own 42.49% of the company’s stock.

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.