Daiwa Securities Group Upgrades T-Mobile US (NASDAQ:TMUS) to “Outperform”

T-Mobile US (NASDAQ:TMUS) was upgraded by equities researchers at Daiwa Securities Group from a “neutral” rating to an “outperform” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a $240.00 target price on the Wireless communications provider’s stock. Daiwa Securities Group’s target price points to a potential upside of 12.54% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Barclays raised their price target on T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Weiss Ratings cut T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. BNP Paribas Exane cut their price target on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Finally, TD Cowen lowered their price objective on shares of T-Mobile US from $263.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $257.09.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $213.25 on Thursday. The stock’s 50-day moving average is $197.88 and its two-hundred day moving average is $218.35. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. T-Mobile US has a 1 year low of $181.36 and a 1 year high of $276.49. The firm has a market cap of $234.97 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 1.40 and a beta of 0.44.

Insider Buying and Selling at T-Mobile US

In related news, Director Raul Marcelo Claure sold 550,000 shares of T-Mobile US stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the sale, the director owned 891,204 shares in the company, valued at approximately $193,899,254.28. This trade represents a 38.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Wolfe Nelson sold 6,274 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $219.69, for a total transaction of $1,378,335.06. Following the completion of the transaction, the insider owned 68,006 shares in the company, valued at approximately $14,940,238.14. This trade represents a 8.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 567,971 shares of company stock valued at $123,609,263 over the last quarter. Corporate insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Hedge funds have recently made changes to their positions in the business. Haven Private LLC increased its stake in shares of T-Mobile US by 1.3% during the 2nd quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock valued at $759,000 after acquiring an additional 42 shares during the last quarter. Cetera Trust Company N.A raised its stake in T-Mobile US by 0.4% during the second quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock worth $2,863,000 after purchasing an additional 45 shares during the period. L2 Asset Management LLC raised its stake in T-Mobile US by 2.2% during the second quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock worth $496,000 after purchasing an additional 45 shares during the period. City Holding Co. boosted its holdings in shares of T-Mobile US by 48.4% in the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Finally, PAX Financial Group LLC grew its stake in shares of T-Mobile US by 4.1% during the 2nd quarter. PAX Financial Group LLC now owns 1,190 shares of the Wireless communications provider’s stock valued at $284,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

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.