Shares of T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) have been assigned a consensus rating of “Moderate Buy” from the twenty analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $179.47.
Several equities analysts have recently weighed in on TMUS shares. Benchmark reduced their price objective on shares of T-Mobile US to $197.00 in a research report on Thursday, October 20th. Royal Bank of Canada set a $166.00 price target on T-Mobile US in a report on Thursday, January 5th. Cowen raised their price objective on shares of T-Mobile US from $187.00 to $201.00 in a research note on Friday, October 28th. Tigress Financial raised their target price on T-Mobile US from $195.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 15th. Finally, Credit Suisse Group set a $175.00 target price on T-Mobile US in a research report on Friday, December 9th.
Insider Transactions at T-Mobile US
In other T-Mobile US news, insider Neville R. Ray sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $150.47, for a total transaction of $7,523,500.00. Following the transaction, the insider now owns 313,902 shares in the company, valued at approximately $47,232,833.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other T-Mobile US news, insider Neville R. Ray sold 50,000 shares of the firm’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $150.47, for a total transaction of $7,523,500.00. Following the sale, the insider now directly owns 313,902 shares of the company’s stock, valued at $47,232,833.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $150.76, for a total value of $150,760.00. Following the completion of the transaction, the director now owns 3,980 shares of the company’s stock, valued at approximately $600,024.80. The disclosure for this sale can be found here. In the last three months, insiders sold 73,450 shares of company stock worth $11,045,767. 0.68% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On T-Mobile US
Several hedge funds have recently added to or reduced their stakes in TMUS. Lake Street Financial LLC raised its holdings in shares of T-Mobile US by 174.9% in the 4th quarter. Lake Street Financial LLC now owns 6,669 shares of the Wireless communications provider’s stock valued at $934,000 after purchasing an additional 4,243 shares in the last quarter. Stephens Inc. AR raised its position in shares of T-Mobile US by 145.2% in the fourth quarter. Stephens Inc. AR now owns 30,146 shares of the Wireless communications provider’s stock valued at $4,220,000 after buying an additional 17,854 shares during the last quarter. MGO One Seven LLC acquired a new position in shares of T-Mobile US in the fourth quarter valued at approximately $411,000. WESPAC Advisors SoCal LLC grew its holdings in T-Mobile US by 1.6% in the fourth quarter. WESPAC Advisors SoCal LLC now owns 55,104 shares of the Wireless communications provider’s stock valued at $7,715,000 after purchasing an additional 881 shares during the period. Finally, Greenleaf Trust grew its holdings in T-Mobile US by 4.6% in the fourth quarter. Greenleaf Trust now owns 10,491 shares of the Wireless communications provider’s stock valued at $1,469,000 after purchasing an additional 461 shares during the period. 42.86% of the stock is owned by hedge funds and other institutional investors.
T-Mobile US Stock Performance
NASDAQ:TMUS opened at $148.07 on Thursday. The firm has a 50 day simple moving average of $145.56 and a 200-day simple moving average of $142.78. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.81 and a quick ratio of 0.73. The firm has a market cap of $184.22 billion, a PE ratio of 121.37, a P/E/G ratio of 0.81 and a beta of 0.55. T-Mobile US has a 1-year low of $103.77 and a 1-year high of $154.38.
T-Mobile US (NASDAQ:TMUS – Get Rating) last announced its earnings results on Thursday, October 27th. The Wireless communications provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.13). The firm had revenue of $19.48 billion during the quarter, compared to analysts’ expectations of $19.98 billion. T-Mobile US had a net margin of 1.92% and a return on equity of 6.29%. T-Mobile US’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 earnings per share. On average, equity analysts expect that T-Mobile US will post 2.02 EPS for the current year.
T-Mobile US Company Profile
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T-Mobile US, Inc. engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.
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