T-Mobile US (NASDAQ:TMUS) Given New $275.00 Price Target at Oppenheimer

T-Mobile US (NASDAQ:TMUS) had its price target increased by equities researchers at Oppenheimer from $250.00 to $275.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the Wireless communications provider’s stock. Oppenheimer’s price objective would indicate a potential upside of 18.12% from the company’s previous close.

A number of other research analysts have also issued reports on TMUS. Royal Bank of Canada upped their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the company a “sector perform” rating in a report on Thursday. Tigress Financial boosted their price target on T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a report on Monday, December 2nd. UBS Group lifted their price objective on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Daiwa America upgraded T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Finally, BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $250.21.

T-Mobile US Price Performance

Shares of TMUS traded down $1.56 during mid-day trading on Friday, reaching $232.81. 951,744 shares of the company’s stock were exchanged, compared to its average volume of 3,865,257. T-Mobile US has a 52-week low of $158.84 and a 52-week high of $248.15. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The company has a 50-day simple moving average of $226.32 and a two-hundred day simple moving average of $212.97. The company has a market cap of $270.18 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 1.17 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.00% and a net margin of 13.93%. On average, sell-side analysts predict that T-Mobile US will post 10.15 EPS for the current fiscal year.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 110,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the transaction, the director now directly owns 1,441,204 shares of the company’s stock, valued at $323,262,057.20. This represents a 7.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now owns 5,021 shares of the company’s stock, valued at $1,241,140.99. This represents a 16.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 144,200 shares of company stock valued at $32,736,303 over the last quarter. Company insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Institutional investors and hedge funds have recently made changes to their positions in the business. DT Investment Partners LLC increased its holdings in 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 valued at $25,000 after buying an additional 47 shares during the last quarter. Dunhill Financial LLC grew its position in shares of T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after acquiring an additional 56 shares in the last quarter. MFA Wealth Advisors LLC increased its holdings in shares of T-Mobile US by 128.3% in the 3rd 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 last quarter. Financial Life Planners acquired a new stake in shares of T-Mobile US during the 4th quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC acquired a new position in T-Mobile US in the third quarter worth $34,000. 42.49% of the stock is currently 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.