T-Mobile US (NASDAQ:TMUS – Get Rating) had its target price reduced by equities research analysts at Morgan Stanley from $180.00 to $175.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the Wireless communications provider’s stock. Morgan Stanley’s price target indicates a potential upside of 22.57% from the stock’s current price.
TMUS has been the topic of a number of other reports. Raymond James cut their price target on shares of T-Mobile US from $178.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Friday, October 28th. StockNews.com assumed coverage on shares of T-Mobile US in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. KeyCorp upped their price objective on T-Mobile US from $161.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, October 28th. Benchmark decreased their target price on T-Mobile US to $197.00 in a report on Thursday, October 20th. Finally, Cowen raised their price target on T-Mobile US from $187.00 to $201.00 in a report on Friday, October 28th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $173.90.
T-Mobile US Price Performance
Shares of TMUS stock traded up $0.41 during trading hours on Thursday, reaching $142.77. The company had a trading volume of 77,323 shares, compared to its average volume of 5,050,299. T-Mobile US has a 12-month low of $101.51 and a 12-month high of $154.38. The company has a market capitalization of $177.63 billion, a price-to-earnings ratio of 116.94, a PEG ratio of 2.58 and a beta of 0.53. The stock has a fifty day moving average of $144.69 and a 200-day moving average of $140.59. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 0.81.
T-Mobile US (NASDAQ:TMUS – Get Rating) last issued its quarterly earnings data 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). T-Mobile US had a return on equity of 6.29% and a net margin of 1.92%. The business had revenue of $19.48 billion for the quarter, compared to analyst estimates of $19.98 billion. During the same period in the previous year, the business posted $0.55 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equity analysts anticipate that T-Mobile US will post 2.03 earnings per share for the current year.
Insider Activity
In related news, Director Srikant M. Datar sold 750 shares of T-Mobile US stock in a transaction on Friday, November 4th. The shares were sold at an average price of $147.50, for a total transaction of $110,625.00. Following the sale, the director now directly owns 3,230 shares in the company, valued at approximately $476,425. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other T-Mobile US news, CAO Dara Bazzano sold 1,700 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $153.46, for a total value of $260,882.00. Following the completion of the sale, the chief accounting officer now owns 9,551 shares in the company, valued at $1,465,696.46. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Srikant M. Datar sold 750 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $147.50, for a total transaction of $110,625.00. Following the transaction, the director now owns 3,230 shares in the company, valued at $476,425. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,450 shares of company stock worth $11,045,767. Corporate insiders own 0.68% of the company’s stock.
Institutional Trading of T-Mobile US
Several institutional investors and hedge funds have recently bought and sold shares of TMUS. Parnassus Investments LLC purchased a new stake in shares of T-Mobile US in the first quarter valued at about $717,426,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in T-Mobile US by 3,974.1% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,001,063 shares of the Wireless communications provider’s stock valued at $672,843,000 after acquiring an additional 4,878,309 shares during the last quarter. Vanguard Group Inc. lifted its position in T-Mobile US by 8.2% during the 1st quarter. Vanguard Group Inc. now owns 47,085,538 shares of the Wireless communications provider’s stock worth $6,043,429,000 after acquiring an additional 3,553,049 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of T-Mobile US by 15.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 19,846,703 shares of the Wireless communications provider’s stock valued at $2,670,175,000 after purchasing an additional 2,690,231 shares during the last quarter. Finally, Steadfast Capital Management LP increased its holdings in shares of T-Mobile US by 8,847.6% in the first quarter. Steadfast Capital Management LP now owns 1,970,436 shares of the Wireless communications provider’s stock valued at $252,905,000 after purchasing an additional 1,948,414 shares during the period. Hedge funds and other institutional investors own 45.24% of the company’s stock.
T-Mobile US Company Profile
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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.
Further Reading
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