T-Mobile US (NASDAQ:TMUS) Price Target Raised to $255.00

T-Mobile US (NASDAQ:TMUS) had its price target raised by analysts at Bank of America from $240.00 to $255.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the Wireless communications provider’s stock. Bank of America‘s target price points to a potential upside of 8.27% from the stock’s current price.

Other analysts also recently issued research reports about the company. Royal Bank of Canada lifted their target price on T-Mobile US from $240.00 to $245.00 and gave the company a “sector perform” rating in a research note on Thursday. The Goldman Sachs Group lifted their target price on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Citigroup lifted their target price on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Tigress Financial lifted their target price on T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $248.89.

T-Mobile US Stock Up 0.2 %

Shares of NASDAQ TMUS traded up $0.38 during trading on Thursday, reaching $235.53. The company had a trading volume of 1,833,960 shares, compared to its average volume of 3,895,638. T-Mobile US has a 12-month low of $158.84 and a 12-month high of $248.15. The stock has a market cap of $273.33 billion, a PE ratio of 26.86, a P/E/G ratio of 1.08 and a beta of 0.56. The business’s 50-day moving average is $226.37 and its 200 day moving average is $212.82. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. As a group, equities analysts forecast that T-Mobile US will post 9.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Raul Marcelo Claure sold 110,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the sale, the director now owns 1,441,204 shares in the company, valued at approximately $323,262,057.20. The trade was a 7.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the sale, the director now directly owns 5,021 shares in the company, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 144,200 shares of company stock worth $32,736,303. 0.67% of the stock is owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

Several institutional investors have recently modified their holdings of TMUS. Wellington Management Group LLP boosted its position in T-Mobile US by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock worth $3,203,642,000 after acquiring an additional 602,786 shares during the last quarter. FMR LLC grew its holdings in T-Mobile US by 13.4% in the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after buying an additional 1,522,394 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of T-Mobile US by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock worth $1,448,426,000 after purchasing an additional 590,711 shares in the last quarter. Barclays PLC boosted its stake in T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in T-Mobile US by 2.5% in the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after buying an additional 47,350 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.