T-Mobile US (NASDAQ:TMUS) Price Target Raised to $230.00 at Wells Fargo & Company

T-Mobile US (NASDAQ:TMUS) had its price objective lifted by Wells Fargo & Company from $200.00 to $230.00 in a research report report published on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the Wireless communications provider’s stock.

TMUS has been the topic of a number of other research reports. Bank of America upped their price target on shares of T-Mobile US from $175.00 to $195.00 and gave the company a buy rating in a research note on Monday, June 10th. Sanford C. Bernstein raised T-Mobile US to a strong-buy rating in a report on Wednesday, July 31st. Tigress Financial lifted their target price on T-Mobile US from $205.00 to $235.00 and gave the stock a buy rating in a report on Monday, August 12th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a report on Monday, July 1st. They issued a buy rating and a $200.00 price target on the stock. Finally, TD Cowen lifted their price objective on shares of T-Mobile US from $202.00 to $216.00 and gave the company a buy rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of Buy and a consensus target price of $201.44.

T-Mobile US Stock Up 0.2 %

Shares of T-Mobile US stock opened at $202.83 on Thursday. The firm’s 50 day moving average price is $190.15 and its 200-day moving average price is $175.32. 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 has a 52-week low of $135.82 and a 52-week high of $205.28. The company has a market cap of $236.66 billion, a P/E ratio of 27.60, a PEG ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. During the same period in the prior year, the company posted $1.86 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts predict that T-Mobile US will post 9.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $177.59, for a total value of $532,770.00. Following the sale, the insider now owns 122,687 shares in the company, valued at $21,787,984.33. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related 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 value of $532,770.00. Following the completion of the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the transaction, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 840,336 shares of company stock worth $154,461,060. Company 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 stock. WASHINGTON TRUST Co grew its stake in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $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 in the second quarter valued at $27,000. Summit Securities Group LLC purchased a new stake in shares of T-Mobile US in the 2nd quarter valued at $27,000. Private Wealth Management Group LLC acquired a new position in T-Mobile US during the 4th quarter worth about $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in T-Mobile US during the 2nd quarter valued at about $30,000. 42.49% of the stock is owned by institutional investors and hedge funds.

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.