Citigroup Boosts T-Mobile US (NASDAQ:TMUS) Price Target to $254.00

T-Mobile US (NASDAQ:TMUS) had its target price increased by investment analysts at Citigroup from $210.00 to $254.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the Wireless communications provider’s stock. Citigroup’s price objective would indicate a potential upside of 15.98% from the company’s previous close.

TMUS has been the subject of several other research reports. Evercore ISI boosted their price objective on shares of T-Mobile US from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Morgan Stanley lifted their price objective on T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Scotiabank downgraded shares of T-Mobile US from a “sector outperform” rating to a “sector perform” rating and upped their target price for the company from $215.50 to $236.00 in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $219.94.

T-Mobile US Stock Down 1.7 %

NASDAQ TMUS opened at $219.01 on Monday. The stock’s 50 day simple moving average is $204.26 and its 200 day simple moving average is $184.18. T-Mobile US has a one year low of $136.92 and a one year high of $223.91. The firm has a market cap of $256.65 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51. 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 (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share 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 return on equity of 14.88% and a net margin of 11.95%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $1.86 earnings per share. As a group, sell-side analysts forecast that T-Mobile US will post 9.14 earnings per share for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 9,586 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total value of $1,888,058.56. Following the sale, the director now owns 1,940,792 shares in the company, valued at approximately $382,258,392.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Raul Marcelo Claure sold 9,586 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total value of $1,888,058.56. Following the completion of the transaction, the director now owns 1,940,792 shares in the company, valued at $382,258,392.32. 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 at the SEC website. Also, EVP Deeanne King sold 15,437 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the sale, the executive vice president now owns 35,588 shares in the company, valued at $6,761,720. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 349,261 shares of company stock valued at $69,411,130 in the last 90 days. 0.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently made changes to their positions in the company. WASHINGTON TRUST Co grew its position in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares during the period. Summit Securities Group LLC acquired a new position in shares of T-Mobile US during the 2nd quarter worth approximately $27,000. Y.D. More Investments Ltd bought a new stake in T-Mobile US in the 2nd quarter valued at $27,000. Westside Investment Management Inc. lifted its holdings in T-Mobile US by 75.8% during the 1st 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 during the last quarter. Finally, MFA Wealth Advisors LLC boosted its position in T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares during the period. 42.49% of the stock is owned by institutional investors.

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.