T-Mobile US (NASDAQ:TMUS) Given New $245.00 Price Target at Sanford C. Bernstein

T-Mobile US (NASDAQ:TMUS) had its price objective decreased by equities research analysts at Sanford C. Bernstein from $265.00 to $245.00 in a report released on Thursday,MarketScreener reports. The firm presently has a “market perform” rating on the Wireless communications provider’s stock. Sanford C. Bernstein’s target price would suggest a potential upside of 28.50% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Hsbc Global Res raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Daiwa Capital Markets dropped their price target on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. KeyCorp raised shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 2nd. Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a research note on Tuesday, September 30th. Finally, TD Cowen decreased their target price on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a report on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $259.56.

T-Mobile US Stock Down 0.7%

TMUS traded down $1.36 during midday trading on Thursday, reaching $190.66. The company’s stock had a trading volume of 5,449,134 shares, compared to its average volume of 4,750,640. T-Mobile US has a 1 year low of $188.12 and a 1 year high of $276.49. The stock’s 50-day moving average is $203.41 and its 200-day moving average is $224.98. The firm has a market capitalization of $213.25 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.07 and a beta of 0.45. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same period last year, the business earned $2.61 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. As a group, research analysts expect that T-Mobile US will post 10.37 EPS for the current year.

Insider Buying and Selling

In other news, CEO Srini Gopalan acquired 9,800 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the transaction, the chief executive officer directly owned 90,258 shares in the company, valued at approximately $18,215,869.56. This represents a 12.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael J. Katz sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $215.91, for a total transaction of $539,775.00. Following the transaction, the insider owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. This trade represents a 1.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 399,619 shares of company stock worth $89,390,980 over the last ninety days. 0.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

Several institutional investors have recently bought and sold shares of the company. PFG Private Wealth Management LLC purchased a new position in T-Mobile US in the fourth quarter worth $359,000. Lodestone Wealth Management LLC purchased a new position in T-Mobile US during the 4th quarter worth $89,000. Frank Rimerman Advisors LLC increased its position in T-Mobile US by 36.1% during the 4th quarter. Frank Rimerman Advisors LLC now owns 8,131 shares of the Wireless communications provider’s stock valued at $1,651,000 after buying an additional 2,158 shares in the last quarter. Nilsine Partners LLC raised its stake in T-Mobile US by 1.4% in the fourth quarter. Nilsine Partners LLC now owns 5,417 shares of the Wireless communications provider’s stock valued at $1,100,000 after buying an additional 77 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in T-Mobile US by 0.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 23,318 shares of the Wireless communications provider’s stock valued at $4,654,000 after buying an additional 90 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Company Profile

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.