T-Mobile US (NASDAQ:TMUS) Price Target Raised to $240.00

T-Mobile US (NASDAQ:TMUS) had its price target boosted by investment analysts at Wells Fargo & Company from $230.00 to $240.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the Wireless communications provider’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 4.74% from the stock’s previous close.

Several other research firms have also commented on TMUS. Bank of America lifted their price target on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday. TD Cowen boosted their target price on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Raymond James lowered shares of T-Mobile US from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the stock from $208.00 to $221.00 in a research note on Wednesday, October 2nd. Barclays lifted their price objective on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday. Finally, KeyCorp raised their price objective on T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US currently has a consensus rating of “Buy” and an average price target of $231.67.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $8.18 during midday trading on Thursday, reaching $229.13. 2,646,600 shares of the stock traded hands, compared to its average volume of 4,481,497. The company’s 50 day moving average is $204.75 and its 200 day moving average is $184.44. T-Mobile US has a one year low of $137.69 and a one year high of $230.79. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The stock has a market capitalization of $268.51 billion, a PE ratio of 31.32, a P/E/G ratio of 1.12 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data 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. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. During the same quarter last year, the business earned $1.86 earnings per share. T-Mobile US’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that T-Mobile US will post 9.14 earnings per share for the current year.

Insiders Place Their Bets

In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the transaction, the director now directly owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the sale, the director now directly owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the transaction, the insider now directly owns 162,628 shares in the company, valued at approximately $29,577,154.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 349,261 shares of company stock worth $69,411,130. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

Several institutional investors have recently made changes to their positions in the company. WASHINGTON TRUST Co raised its position in T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares during the period. DT Investment Partners LLC increased its position in shares of T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares during the last quarter. Summit Securities Group LLC purchased a new stake in T-Mobile US in the 2nd quarter valued at about $27,000. Y.D. More Investments Ltd purchased a new position in T-Mobile US during the second quarter worth about $27,000. Finally, Westside Investment Management Inc. increased its position in shares of T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 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.