T-Mobile US (NASDAQ:TMUS) Price Target Raised to $215.50 at Scotiabank

T-Mobile US (NASDAQ:TMUS) had its price target hoisted by equities researchers at Scotiabank from $197.00 to $215.50 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “sector outperform” rating on the Wireless communications provider’s stock. Scotiabank’s price target would suggest a potential upside of 8.05% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Evercore ISI boosted their price objective on T-Mobile US from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group assumed coverage on T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 price objective on the stock. Morgan Stanley boosted their price objective on T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a report on Monday, September 16th. TD Cowen upped their price target on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their price target on T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday. Eighteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US presently has an average rating of “Buy” and an average target price of $211.92.

T-Mobile US Stock Down 0.1 %

Shares of TMUS stock opened at $199.44 on Thursday. The stock has a 50 day moving average of $192.29 and a 200 day moving average of $176.46. 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 stock has a market cap 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. T-Mobile US has a twelve month low of $135.82 and a twelve month high of $206.30.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data 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 business had revenue of $19.77 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.86 earnings per share. As a group, sell-side analysts expect that T-Mobile US will post 9.18 EPS for the current year.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the 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 sale, the insider now owns 122,687 shares in the company, valued at approximately $21,787,984.33. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was 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 of the company’s stock, valued at $81,354,386.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the sale, the insider now directly owns 122,687 shares in the company, valued at $21,787,984.33. The disclosure for this sale can be found here. Insiders sold 706,875 shares of company stock valued at $130,909,198 in the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

A number of hedge funds and other institutional investors have recently modified their holdings of the business. WASHINGTON TRUST Co boosted its position 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 worth $25,000 after buying an additional 83 shares during the period. Y.D. More Investments Ltd acquired a new stake in shares of T-Mobile US during the 2nd quarter valued at $27,000. Summit Securities Group LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of T-Mobile US in the second quarter valued at $30,000. Finally, Westside Investment Management Inc. lifted its holdings in shares of T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 75 shares in 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.