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

T-Mobile US (NASDAQ:TMUS) had its target price increased by analysts at Wells Fargo & Company from $230.00 to $240.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the Wireless communications provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 6.03% from the company’s previous close.

TMUS has been the topic of several other research reports. Royal Bank of Canada increased their target price on shares of T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, September 27th. JPMorgan Chase & Co. lifted their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays increased their target price on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday. The Goldman Sachs Group lifted their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Evercore ISI increased 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. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $240.17.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $226.36 on Thursday. The company has a market capitalization of $264.11 billion, a P/E ratio of 28.37, a P/E/G ratio of 1.15 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. T-Mobile US has a 52-week low of $138.42 and a 52-week high of $234.56. The company has a fifty day moving average of $205.53 and a 200-day moving average of $184.78.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. T-Mobile US’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $1.82 EPS. As a group, equities research analysts predict that T-Mobile US will post 9.22 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of T-Mobile US stock in a transaction dated 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 completion of the transaction, the director now directly owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 349,261 shares of company stock valued at $69,411,130 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in T-Mobile US during the first quarter valued at $1,908,000. CFO4Life Group LLC purchased a new position in shares of T-Mobile US during the 1st quarter valued at about $932,000. NewEdge Advisors LLC grew its stake in shares of T-Mobile US by 13.6% during the 2nd quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock valued at $37,184,000 after acquiring an additional 25,217 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in T-Mobile US by 26.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock worth $3,336,000 after acquiring an additional 4,253 shares in the last quarter. Finally, Findlay Park Partners LLP raised its stake in T-Mobile US by 6.0% during the 1st quarter. Findlay Park Partners LLP now owns 1,882,607 shares of the Wireless communications provider’s stock worth $307,279,000 after acquiring an additional 107,100 shares during the period. 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.