Moffett Nathanson Upgrades T-Mobile US (NASDAQ:TMUS) to Buy

T-Mobile US (NASDAQ:TMUS) was upgraded by equities research analysts at Moffett Nathanson from a “neutral” rating to a “buy” rating in a report released on Wednesday,Finviz reports. The firm currently has a $254.00 price objective on the Wireless communications provider’s stock. Moffett Nathanson’s target price points to a potential upside of 26.66% from the stock’s current price.

TMUS has been the topic of a number of other research reports. Daiwa Securities Group raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 target price on the stock in a research note on Thursday, February 19th. Wall Street Zen downgraded shares of T-Mobile US from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Barclays raised their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. BNP Paribas Exane cut their target price on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Finally, Argus cut their target price on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.30.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $200.54 on Wednesday. The company’s fifty day simple moving average is $209.86 and its 200-day simple moving average is $209.76. T-Mobile US has a 52 week low of $181.36 and a 52 week high of $267.96. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. The company has a market cap of $220.97 billion, a PE ratio of 20.65, a P/E/G ratio of 1.32 and a beta of 0.43.

Insider Activity

In related news, Director Raul Marcelo Claure sold 550,000 shares of T-Mobile US stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the sale, the director owned 891,204 shares of the company’s stock, valued at $193,899,254.28. The trade was a 38.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Srikant M. Datar sold 3,291 shares of T-Mobile US stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the sale, the director directly owned 1,038 shares in the company, valued at $229,501.80. This trade represents a 76.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 694,134 shares of company stock worth $150,847,799 over the last three months. 0.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently modified their holdings of TMUS. Federated Hermes Inc. increased its position in shares of T-Mobile US by 866.9% in the 2nd quarter. Federated Hermes Inc. now owns 105,737 shares of the Wireless communications provider’s stock worth $25,193,000 after purchasing an additional 94,801 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of T-Mobile US in the 2nd quarter worth about $381,000. CoreFirst Bank & Trust bought a new stake in shares of T-Mobile US in the 2nd quarter worth about $31,000. iSAM Funds UK Ltd bought a new stake in shares of T-Mobile US in the 2nd quarter worth about $287,000. Finally, BCS Private Wealth Management Inc. bought a new stake in shares of T-Mobile US in the 2nd quarter worth about $858,000. Institutional investors own 42.49% of the company’s stock.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.