Brokerages Set T-Mobile US, Inc. (NASDAQ:TMUS) Target Price at $252.08

T-Mobile US, Inc. (NASDAQ:TMUS) has been given a consensus recommendation of “Moderate Buy” by the thirty ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $252.08.

Several research firms recently weighed in on TMUS. Wells Fargo & Company decreased their target price on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research note on Friday, July 24th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 19th. Scotiabank cut their price objective on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a report on Wednesday, July 15th. Royal Bank Of Canada reduced their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Finally, Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a report on Monday, July 6th.

T-Mobile US Stock Up 0.3%

Shares of NASDAQ TMUS opened at $182.90 on Friday. The company has a market capitalization of $196.19 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.17 and a beta of 0.34. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The business has a 50-day moving average of $181.94 and a two-hundred day moving average of $190.74. T-Mobile US has a 1 year low of $165.66 and a 1 year high of $244.24.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. During the same period in the prior year, the firm posted $2.84 EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts forecast that T-Mobile US will post 10.82 earnings per share for the current fiscal year.

Insider Transactions at T-Mobile US

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the transaction, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.32% of the stock is owned by corporate insiders.

Institutional Trading of T-Mobile US

A number of hedge funds and other institutional investors have recently made changes to their positions in TMUS. Talon Private Wealth LLC lifted its position in T-Mobile US by 45.3% during the second quarter. Talon Private Wealth LLC now owns 12,563 shares of the Wireless communications provider’s stock worth $2,107,000 after buying an additional 3,917 shares during the period. Sequoia Financial Advisors LLC boosted its stake in T-Mobile US by 21.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,454 shares of the Wireless communications provider’s stock worth $3,766,000 after buying an additional 3,916 shares during the last quarter. National Pension Service grew its holdings in T-Mobile US by 2.3% in the 2nd quarter. National Pension Service now owns 1,272,702 shares of the Wireless communications provider’s stock valued at $213,470,000 after buying an additional 28,413 shares during the period. Cidel Asset Management Inc. increased its stake in shares of T-Mobile US by 21.9% during the 2nd quarter. Cidel Asset Management Inc. now owns 3,875 shares of the Wireless communications provider’s stock valued at $650,000 after acquiring an additional 695 shares during the last quarter. Finally, Plimoth Trust Co. LLC increased its stake in shares of T-Mobile US by 7.6% during the 2nd quarter. Plimoth Trust Co. LLC now owns 15,925 shares of the Wireless communications provider’s stock valued at $2,671,000 after acquiring an additional 1,120 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

About T-Mobile US

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.