T-Mobile US (NASDAQ:TMUS) Earns Neutral Rating from Sanford C. Bernstein

T-Mobile US (NASDAQ:TMUS)‘s stock had its “neutral” rating reiterated by analysts at Sanford C. Bernstein in a research note issued to investors on Thursday,MarketScreener reports.

Several other research analysts also recently commented on TMUS. Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. HSBC raised shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 target price for the company in a report on Friday, October 24th. Wolfe Research restated an “outperform” rating and set a $255.00 price objective on shares of T-Mobile US in a report on Thursday, February 12th. Tigress Financial raised their price target on T-Mobile US from $305.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Finally, Morgan Stanley dropped their price objective on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $257.09.

T-Mobile US Trading Up 2.3%

T-Mobile US stock opened at $218.05 on Thursday. The stock has a 50-day simple moving average of $197.88 and a 200 day simple moving average of $218.35. The stock has a market capitalization of $240.26 billion, a P/E ratio of 22.36, a PEG ratio of 1.40 and a beta of 0.44. 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 52 week low of $181.36 and a 52 week high of $276.49.

Insider Activity

In other T-Mobile US news, Director Raul Marcelo Claure sold 550,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 891,204 shares of the company’s stock, valued at approximately $193,899,254.28. The trade was a 38.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Letitia A. Long sold 1,457 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $210.32, for a total value of $306,436.24. Following the transaction, the director owned 5,438 shares in the company, valued at approximately $1,143,720.16. This trade represents a 21.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 567,971 shares of company stock worth $123,609,263 in the last quarter. 0.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On T-Mobile US

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Haven Private LLC increased its position in shares of T-Mobile US by 1.3% during the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock valued at $759,000 after buying an additional 42 shares during the period. Cetera Trust Company N.A increased its holdings in shares of T-Mobile US by 0.4% in 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 boosted 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 valued at $496,000 after buying an additional 45 shares during the period. City Holding Co. grew its position in T-Mobile US by 48.4% during the third quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock worth $34,000 after buying an additional 46 shares in the last quarter. Finally, PAX Financial Group LLC lifted its position in T-Mobile US by 4.1% during the second quarter. PAX Financial Group LLC now owns 1,190 shares of the Wireless communications provider’s stock valued at $284,000 after purchasing an additional 47 shares during the last quarter. Institutional investors 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.