T-Mobile US (NASDAQ:TMUS) Price Target Raised to $280.00

T-Mobile US (NASDAQ:TMUS) had its price objective hoisted by investment analysts at Tigress Financial from $235.00 to $280.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the Wireless communications provider’s stock. Tigress Financial’s target price suggests a potential upside of 14.36% from the stock’s previous close.

TMUS has been the subject of several other reports. Daiwa America raised T-Mobile US to a “hold” rating in a research note on Friday, October 25th. The Goldman Sachs Group increased their price objective on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Royal Bank of Canada raised their price target on T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, UBS Group raised their price target on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $244.33.

T-Mobile US Stock Up 0.0 %

Shares of T-Mobile US stock opened at $244.85 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The business’s 50 day simple moving average is $225.69 and its 200-day simple moving average is $199.40. The stock has a market capitalization of $284.15 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 1.25 and a beta of 0.53. T-Mobile US has a twelve month low of $151.38 and a twelve month high of $248.15.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.82 EPS. Equities research analysts forecast that T-Mobile US will post 9.38 earnings per share for the current year.

Insider Buying and Selling at T-Mobile US

In related news, Director Raul Marcelo Claure sold 1,572 shares of the company’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 completion of the sale, the director now owns 1,824,632 shares in the company, valued at $357,627,872. This represents a 0.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the sale, the insider now owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. This represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 342,750 shares of company stock worth $73,356,824. Insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in T-Mobile US by 62.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,044 shares of the Wireless communications provider’s stock worth $171,000 after purchasing an additional 401 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of T-Mobile US by 8.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,608 shares of the Wireless communications provider’s stock worth $283,000 after buying an additional 126 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of T-Mobile US during the 2nd quarter worth about $36,000. Versant Capital Management Inc boosted its stake in shares of T-Mobile US by 115.2% during the 2nd quarter. Versant Capital Management Inc now owns 213 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 114 shares during the last quarter. Finally, Mather Group LLC. boosted its stake in shares of T-Mobile US by 11.4% during the 2nd quarter. Mather Group LLC. now owns 4,286 shares of the Wireless communications provider’s stock worth $700,000 after buying an additional 439 shares during the last quarter. 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.