Scotiabank Boosts T-Mobile US (NASDAQ:TMUS) Price Target to $237.00

T-Mobile US (NASDAQ:TMUS) had its price objective hoisted by stock analysts at Scotiabank from $236.00 to $237.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “sector perform” rating on the Wireless communications provider’s stock. Scotiabank’s price objective indicates a potential upside of 3.43% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on TMUS. Barclays upped their price objective on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday. Raymond James downgraded T-Mobile US from a “strong-buy” rating to an “outperform” rating and upped their price target for the stock from $208.00 to $221.00 in a research note on Wednesday, October 2nd. Evercore ISI raised their price objective on T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Benchmark increased their target price on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $231.67.

T-Mobile US Stock Up 3.7 %

NASDAQ:TMUS traded up $8.18 during trading hours on Thursday, hitting $229.13. 2,646,600 shares of the stock traded hands, compared to its average volume of 4,481,497. The firm has a market cap of $268.51 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 1.12 and a beta of 0.51. The firm has a 50 day moving average price of $204.75 and a 200 day moving average price of $184.44. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. T-Mobile US has a fifty-two week low of $137.69 and a fifty-two week high of $230.79.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. The company had revenue of $19.77 billion during 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 company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.86 EPS. Equities research analysts anticipate that T-Mobile US will post 9.14 earnings per share for the current year.

Insider Buying and Selling

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the transaction, the director now owns 1,824,632 shares in the company, valued at approximately $357,627,872. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the sale, the director now owns 1,824,632 shares of the company’s stock, valued at $357,627,872. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the sale, the executive vice president now directly owns 61,871 shares in the company, valued at $13,380,222.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 349,261 shares of company stock worth $69,411,130 over the last ninety days. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealthcare Advisory Partners LLC boosted its stake in T-Mobile US by 23.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,754 shares of the Wireless communications provider’s stock valued at $449,000 after purchasing an additional 529 shares during the period. Pinnacle Bancorp Inc. grew its stake in shares of T-Mobile US by 52.8% in the first quarter. Pinnacle Bancorp Inc. now owns 220 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 76 shares in the last quarter. OneAscent Financial Services LLC increased its position in T-Mobile US by 80.8% during the first quarter. OneAscent Financial Services LLC now owns 2,578 shares of the Wireless communications provider’s stock worth $421,000 after acquiring an additional 1,152 shares during the period. Independence Bank of Kentucky raised its stake in T-Mobile US by 53.4% in the 1st quarter. Independence Bank of Kentucky now owns 7,826 shares of the Wireless communications provider’s stock worth $1,277,000 after purchasing an additional 2,725 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in T-Mobile US by 2.4% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 18,177 shares of the Wireless communications provider’s stock valued at $2,967,000 after purchasing an additional 433 shares during the period. Institutional investors own 42.49% of the company’s stock.

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.