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

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

Other equities research analysts have also issued research reports about the stock. Scotiabank raised their price target on shares of T-Mobile US from $194.50 to $197.00 and gave the company a sector outperform rating in a research note on Thursday, August 1st. TD Cowen raised 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. Benchmark increased their price target on T-Mobile US from $200.00 to $220.00 and gave the stock a buy rating in a research note on Thursday, August 1st. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research note on Monday, July 1st. They set a buy rating and a $200.00 price objective on the stock. Finally, Barclays increased their target price on shares of T-Mobile US from $180.00 to $200.00 and gave the company an overweight rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of Buy and a consensus target price of $201.44.

T-Mobile US Trading Up 0.2 %

NASDAQ:TMUS opened at $202.83 on Thursday. The firm has a market capitalization of $236.66 billion, a P/E ratio of 27.60, a P/E/G ratio of 0.74 and a beta of 0.51. The business has a 50 day simple moving average of $190.15 and a 200 day simple moving average of $175.24. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. T-Mobile US has a 12-month low of $135.82 and a 12-month high of $205.28.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly 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 net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts predict that T-Mobile US will post 9.18 EPS for the current year.

Insiders Place Their Bets

In other 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 transaction 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 approximately $305,183,874.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the sale, the director now owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $177.16, for a total transaction of $23,643,950.76. Following the completion of the transaction, the director now owns 671,345,972 shares of the company’s stock, valued at $118,935,652,399.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 973,797 shares of company stock worth $178,105,011. 0.67% of the stock is owned by insiders.

Institutional Trading of T-Mobile US

Large investors have recently added to or reduced their stakes in the company. WASHINGTON TRUST Co raised its position in T-Mobile US by 143.1% during the second 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. Private Wealth Management Group LLC acquired a new position in shares of T-Mobile US in the 4th quarter valued at about $27,000. Summit Securities Group LLC purchased a new stake in shares of T-Mobile US in the second quarter worth approximately $27,000. Y.D. More Investments Ltd acquired a new stake in shares of T-Mobile US during the second quarter worth approximately $27,000. Finally, Westside Investment Management Inc. grew its position in 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 purchasing an additional 75 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

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.