T-Mobile US (NASDAQ:TMUS) Price Target Raised to $246.00 at Moffett Nathanson

T-Mobile US (NASDAQ:TMUS) had its price objective hoisted by stock analysts at Moffett Nathanson from $242.00 to $246.00 in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the Wireless communications provider’s stock. Moffett Nathanson’s price objective would suggest a potential upside of 48.50% from the stock’s previous close.

TMUS has been the subject of several other reports. JPMorgan Chase & Co. lowered their price objective on T-Mobile US from $275.00 to $260.00 and set an “overweight” rating for the company in a research note on Monday. Royal Bank Of Canada decreased their price target on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Wolfe Research reiterated a “peer perform” rating on shares of T-Mobile US in a research report on Friday, August 14th. Morgan Stanley cut their price objective on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of T-Mobile US in a report on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.16.

T-Mobile US Stock Up 2.0%

Shares of TMUS stock opened at $165.66 on Tuesday. The firm’s 50-day moving average is $179.69 and its 200-day moving average is $188.35. T-Mobile US has a 52-week low of $161.14 and a 52-week high of $242.37. The stock has a market cap of $177.70 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.04 and a beta of 0.34. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company 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 company posted $2.84 earnings per share. T-Mobile US’s revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts predict that T-Mobile US will post 10.82 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Daniel James Drobac sold 772 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the sale, the chief accounting officer owned 35,118 shares in the company, valued at approximately $6,262,592.94. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.32% of the company’s stock.

Institutional Trading of T-Mobile US

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Main Street Group LTD acquired a new position in T-Mobile US in the 1st quarter valued at $25,000. Paladin Partners LLC purchased a new stake in shares of T-Mobile US in the second quarter valued at $25,000. Sachetta LLC lifted its position in shares of T-Mobile US by 52.9% in the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after acquiring an additional 55 shares during the period. Dunhill Financial LLC acquired a new position in shares of T-Mobile US in the 2nd quarter worth approximately $27,000. Finally, Cornerstone Planning Group LLC boosted its stake in T-Mobile US by 112.2% in the first quarter. Cornerstone Planning Group LLC now owns 174 shares of the Wireless communications provider’s stock valued at $34,000 after acquiring an additional 92 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Company Profile

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.