Shares of T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) have earned an average recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $173.80.
TMUS has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of T-Mobile US from $185.00 to $190.00 in a research note on Tuesday, July 19th. Benchmark reduced their target price on shares of T-Mobile US to $197.00 in a report on Thursday, October 20th. Cowen increased their target price on shares of T-Mobile US from $187.00 to $201.00 in a report on Friday, October 28th. Raymond James reduced their target price on shares of T-Mobile US from $178.00 to $175.00 and set a “strong-buy” rating for the company in a report on Friday, October 28th. Finally, Moffett Nathanson increased their target price on shares of T-Mobile US from $165.00 to $174.00 and gave the stock an “outperform” rating in a report on Thursday, August 18th.
Insider Buying and Selling
In other news, CAO Dara Bazzano sold 1,700 shares of T-Mobile US stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $153.46, for a total transaction of $260,882.00. Following the completion of the sale, the chief accounting officer now directly owns 9,551 shares in the company, valued at $1,465,696.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Dara Bazzano sold 1,700 shares of T-Mobile US stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $153.46, for a total transaction of $260,882.00. Following the completion of the sale, the chief accounting officer now directly owns 9,551 shares in the company, valued at $1,465,696.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Srikant M. Datar sold 750 shares of T-Mobile US stock in a transaction on Friday, November 4th. The stock was sold at an average price of $147.50, for a total value of $110,625.00. Following the sale, the director now owns 3,230 shares of the company’s stock, valued at $476,425. The disclosure for this sale can be found here. Insiders sold a total of 73,450 shares of company stock worth $11,045,767 over the last three months. 0.68% of the stock is owned by insiders.
Hedge Funds Weigh In On T-Mobile US
Several institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in T-Mobile US by 10.3% in the third quarter. Envestnet Asset Management Inc. now owns 324,799 shares of the Wireless communications provider’s stock valued at $43,578,000 after purchasing an additional 30,267 shares during the last quarter. PointState Capital LP grew its stake in shares of T-Mobile US by 18.5% during the third quarter. PointState Capital LP now owns 2,004,027 shares of the Wireless communications provider’s stock worth $268,880,000 after acquiring an additional 313,364 shares during the last quarter. Citizens Financial Group Inc RI grew its stake in shares of T-Mobile US by 3.6% during the third quarter. Citizens Financial Group Inc RI now owns 9,337 shares of the Wireless communications provider’s stock worth $1,253,000 after acquiring an additional 323 shares during the last quarter. Dakota Wealth Management purchased a new stake in shares of T-Mobile US during the third quarter worth about $1,534,000. Finally, Sigma Planning Corp grew its stake in shares of T-Mobile US by 1.5% during the third quarter. Sigma Planning Corp now owns 5,773 shares of the Wireless communications provider’s stock worth $775,000 after acquiring an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 45.24% of the company’s stock.
T-Mobile US Stock Down 2.8%
Shares of T-Mobile US stock opened at $146.19 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02. The company’s fifty day simple moving average is $140.77 and its two-hundred day simple moving average is $137.26. The company has a market cap of $181.88 billion, a P/E ratio of 119.83, a PEG ratio of 2.70 and a beta of 0.54. T-Mobile US has a 12-month low of $101.51 and a 12-month high of $154.38.
T-Mobile US (NASDAQ:TMUS – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The Wireless communications provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The firm had revenue of $19.48 billion during the quarter, compared to the consensus estimate of $19.98 billion. T-Mobile US had a return on equity of 6.29% and a net margin of 1.92%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 EPS. Research analysts anticipate that T-Mobile US will post 2.05 EPS for the current year.
T-Mobile US Company Profile
(Get Rating)
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 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider T-Mobile US, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and T-Mobile US wasn’t on the list.
While T-Mobile US currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
.