T-Mobile US (NASDAQ:TMUS) PT Raised to $230.00

T-Mobile US (NASDAQ:TMUS) had its price objective lifted by KeyCorp from $190.00 to $230.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the Wireless communications provider’s stock. KeyCorp’s price objective would indicate a potential upside of 13.47% from the stock’s previous close.

A number of other brokerages also recently commented on TMUS. Citigroup raised their price objective on shares of T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Bank of America raised their price objective on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, July 18th. TD Cowen increased their target price on shares of T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 target price for the company. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Buy” and a consensus price target of $205.69.

T-Mobile US Price Performance

Shares of TMUS opened at $202.70 on Monday. T-Mobile US has a fifty-two week low of $135.82 and a fifty-two week high of $206.30. The company has a market capitalization of $237.53 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. The firm has a 50-day simple moving average of $191.16 and a 200-day simple moving average of $175.90. 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 (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. The firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 earnings per share. On average, equities research analysts anticipate that T-Mobile US will post 9.18 earnings per share for the current year.

Insider Transactions at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $178.04, for a total transaction of $23,761,396.44. Following the completion of the sale, the director now directly owns 670,812,128 shares of the company’s stock, valued at $119,431,391,269.12. The disclosure for this sale can be found here. Insiders sold a total of 840,336 shares of company stock valued at $154,461,060 in the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aveo Capital Partners LLC boosted its holdings in shares of T-Mobile US by 6.5% in the 4th quarter. Aveo Capital Partners LLC now owns 2,250 shares of the Wireless communications provider’s stock valued at $361,000 after purchasing an additional 137 shares during the last quarter. Jump Financial LLC acquired a new position in shares of T-Mobile US in the 4th quarter valued at $846,000. Kingsview Wealth Management LLC boosted its holdings in shares of T-Mobile US by 14.3% in the 4th quarter. Kingsview Wealth Management LLC now owns 4,220 shares of the Wireless communications provider’s stock valued at $677,000 after purchasing an additional 528 shares during the last quarter. Great Lakes Advisors LLC boosted its holdings in shares of T-Mobile US by 140.6% in the 4th quarter. Great Lakes Advisors LLC now owns 21,640 shares of the Wireless communications provider’s stock valued at $3,470,000 after purchasing an additional 12,645 shares during the last quarter. Finally, Level Four Advisory Services LLC boosted its holdings in shares of T-Mobile US by 8.4% in the 4th quarter. Level Four Advisory Services LLC now owns 4,555 shares of the Wireless communications provider’s stock valued at $730,000 after purchasing an additional 354 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

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.