Brokerages Set T-Mobile US, Inc. (NASDAQ:TMUS) PT at $252.08

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) have been given an average rating of “Moderate Buy” by the thirty brokerages that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, twenty-one have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $252.08.

TMUS has been the topic of a number of research reports. TD Cowen cut their price objective on T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Morgan Stanley cut their price target on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. KeyCorp cut their target price on shares of 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of T-Mobile US in a research report on Friday, September 11th. Finally, Wells Fargo & Company lowered their price target on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a report on Friday, July 24th.

T-Mobile US Stock Up 1.0%

Shares of NASDAQ TMUS opened at $168.18 on Friday. The stock has a market capitalization of $180.40 billion, a PE ratio of 17.61, a P/E/G ratio of 1.07 and a beta of 0.34. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The firm has a fifty day moving average of $181.09 and a 200-day moving average of $189.70. T-Mobile US has a 52-week low of $164.02 and a 52-week high of $242.37.

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

Insider Buying and Selling at T-Mobile US

In other news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is owned by insiders.

Hedge Funds Weigh In On T-Mobile US

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of T-Mobile US during the second quarter valued at approximately $6,625,275,000. State Street Corp grew its holdings in T-Mobile US by 4.3% during the 4th quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock valued at $5,133,198,000 after purchasing an additional 1,047,624 shares in the last quarter. Capital International Investors grew its holdings in T-Mobile US by 8.2% during the 4th quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock valued at $3,014,754,000 after purchasing an additional 1,121,409 shares in the last quarter. Invesco Ltd. increased its stake in T-Mobile US by 10.5% during the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock worth $1,772,638,000 after buying an additional 827,381 shares during the period. Finally, Norges Bank acquired a new position in T-Mobile US in the 4th quarter worth $1,335,918,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Company Profile

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.