T-Mobile US (NASDAQ:TMUS) Coverage Initiated by Analysts at The Goldman Sachs Group

Investment analysts at The Goldman Sachs Group started coverage on shares of T-Mobile US (NASDAQ:TMUS) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm set a “buy” rating and a $200.00 price target on the Wireless communications provider’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 13.52% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Oppenheimer reiterated an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a research note on Wednesday, April 3rd. Royal Bank of Canada increased their price objective on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Citigroup lifted their price objective on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, March 25th. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Finally, KeyCorp upped their price target on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Fifteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $190.79.

T-Mobile US Stock Down 0.7 %

Shares of NASDAQ:TMUS opened at $176.18 on Monday. T-Mobile US has a 12-month low of $131.47 and a 12-month high of $182.67. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25. The stock’s 50-day moving average price is $169.84 and its 200-day moving average price is $164.54. The stock has a market capitalization of $206.46 billion, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 0.69 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. The company had revenue of $19.59 billion during the quarter, compared to analyst estimates of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $1.58 earnings per share. On average, equities analysts anticipate that T-Mobile US will post 9.01 earnings per share for the current year.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $176.82, for a total value of $23,598,574.02. Following the transaction, the director now directly owns 670,278,284 shares of the company’s stock, valued at approximately $118,518,606,176.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $176.82, for a total value of $23,598,574.02. Following the completion of the sale, the director now owns 670,278,284 shares of the company’s stock, valued at $118,518,606,176.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $163.20, for a total value of $3,264,000.00. Following the transaction, the chief executive officer now directly owns 458,124 shares in the company, valued at approximately $74,765,836.80. The disclosure for this sale can be found here. Insiders sold a total of 6,586,500 shares of company stock valued at $1,102,006,954 over the last ninety days. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Several large investors have recently added to or reduced their stakes in the company. OLD National Bancorp IN raised its holdings in shares of T-Mobile US by 1.9% in the 4th quarter. OLD National Bancorp IN now owns 3,356 shares of the Wireless communications provider’s stock worth $538,000 after buying an additional 62 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of T-Mobile US by 2.3% during the first quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock valued at $464,000 after acquiring an additional 64 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of T-Mobile US by 3.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,748 shares of the Wireless communications provider’s stock worth $280,000 after buying an additional 66 shares in the last quarter. Hohimer Wealth Management LLC raised its stake in shares of T-Mobile US by 0.9% in the third quarter. Hohimer Wealth Management LLC now owns 7,526 shares of the Wireless communications provider’s stock valued at $1,054,000 after acquiring an additional 68 shares during the last quarter. Finally, Nvwm LLC raised its position in T-Mobile US by 2.3% in the 1st quarter. Nvwm LLC now owns 3,059 shares of the Wireless communications provider’s stock valued at $499,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds 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.