T-Mobile US, Inc. (NASDAQ:TMUS) Receives $252.08 Consensus Target Price from Brokerages

T-Mobile US, Inc. (NASDAQ:TMUS) has received a consensus rating of “Moderate Buy” from the thirty research firms that are presently covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $252.08.

Several research analysts have recently commented on the company. Wells Fargo & Company reduced their price target on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. Morgan Stanley dropped their price objective on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. KeyCorp cut their target price on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. TD Cowen reduced their target price on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a report on Friday, July 24th. Finally, Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a report on Monday, July 6th.

Insider Activity at T-Mobile US

In related news, CAO Daniel James Drobac sold 772 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 35,118 shares of the company’s stock, 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 link. 0.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

A number of large investors have recently made changes to their positions in TMUS. Lansforsakringar Fondforvaltning AB publ increased its holdings in T-Mobile US by 14.6% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider’s stock worth $39,354,000 after acquiring an additional 23,836 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its position in shares of T-Mobile US by 34.8% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider’s stock worth $12,593,000 after purchasing an additional 15,495 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in T-Mobile US by 16.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider’s stock valued at $20,010,000 after buying an additional 14,110 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in T-Mobile US by 32.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider’s stock valued at $62,370,000 after buying an additional 72,922 shares in the last quarter. Finally, Liontrust Investment Partners LLP boosted its holdings in T-Mobile US by 46.0% in the 1st quarter. Liontrust Investment Partners LLP now owns 57,402 shares of the Wireless communications provider’s stock worth $12,056,000 after buying an additional 18,075 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $176.26 on Friday. The firm has a market cap of $189.07 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 1.16 and a beta of 0.34. The company’s 50 day moving average is $181.78 and its 200 day moving average is $190.21. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. T-Mobile US has a 52-week low of $165.66 and a 52-week high of $242.37.

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

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.