T-Mobile US (NASDAQ:TMUS) Receives Equal Weight Rating from Wells Fargo & Company

T-Mobile US (NASDAQ:TMUSGet Free Report)‘s stock had its “equal weight” rating reissued by analysts at Wells Fargo & Company in a note issued to investors on Wednesday,Benzinga reports. They currently have a $170.00 target price on the Wireless communications provider’s stock. Wells Fargo & Company‘s price target points to a potential downside of 7.97% from the stock’s previous close.

A number of other equities research analysts have also commented on the company. Arete Research upped their price target on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. KeyCorp upgraded T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective for the company in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reduced their target price on T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research report on Monday. Finally, Wall Street Zen upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $255.76.

Read Our Latest Stock Analysis on TMUS

T-Mobile US Trading Up 1.6%

Shares of NASDAQ TMUS opened at $184.73 on Wednesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. T-Mobile US has a 52-week low of $165.66 and a 52-week high of $261.56. The firm has a 50 day moving average price of $185.74 and a two-hundred day moving average price of $196.87. The stock has a market cap of $199.91 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.06 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUSGet Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The company had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. T-Mobile US’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.58 earnings per share. As a group, equities analysts forecast that T-Mobile US will post 10.65 EPS for the current year.

Insiders Place Their Bets

In related news, insider Andre Almeida acquired 5,097 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $196.18 per share, with a total value of $999,929.46. Following the transaction, the insider directly owned 44,850 shares of the company’s stock, valued at $8,798,673. This trade represents a 12.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the sale, the insider owned 181,930 shares of the company’s stock, valued at approximately $35,623,713.30. This represents a 2.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

A number of hedge funds have recently added to or reduced their stakes in the company. JDM Financial Group LLC raised its position in shares of T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 65 shares during the period. Main Street Group LTD bought a new stake in shares of T-Mobile US during the first quarter worth about $25,000. Swiss RE Ltd. acquired a new stake in shares of T-Mobile US in the 4th quarter worth about $29,000. Turning Point Benefit Group Inc. raised its holdings in shares of T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after acquiring an additional 153 shares during the last quarter. Finally, Sachetta LLC lifted its position in T-Mobile US by 52.9% in the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Key Stories Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

About T-Mobile US

(Get Free Report)

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.

Further Reading

Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

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