Raymond James Financial Upgrades T-Mobile US (NASDAQ:TMUS) to Outperform

T-Mobile US (NASDAQ:TMUS) was upgraded by stock analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage currently has a $170.00 target price on the Wireless communications provider’s stock. Raymond James Financial’s price objective points to a potential upside of 10.58% from the company’s previous close.

Other analysts have also issued reports about the company. Wells Fargo & Company dropped their target price on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a report on Friday, July 24th. JPMorgan Chase & Co. decreased their price target on T-Mobile US from $275.00 to $260.00 and set an “overweight” rating for the company in a report on Monday, September 21st. Morgan Stanley decreased their price target on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Wolfe Research restated a “peer perform” rating on shares of T-Mobile US in a research report on Friday, August 14th. Finally, KeyCorp dropped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $244.65.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $153.73 on Monday. T-Mobile US has a one year low of $147.90 and a one year high of $230.65. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a market cap of $164.90 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 0.95 and a beta of 0.33. The firm’s fifty day moving average is $174.05 and its two-hundred day moving average is $183.34.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $2.84 EPS. Research analysts expect that T-Mobile US will post 11.09 EPS for the current year.

Insider Activity at T-Mobile US

In other news, CAO Daniel James Drobac sold 772 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the sale, the chief accounting officer directly owned 35,118 shares in the company, valued at $6,262,592.94. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

A number of institutional investors have recently added to or reduced their stakes in TMUS. Main Street Group LTD acquired a new position in T-Mobile US in the 1st quarter valued at $25,000. Paladin Partners LLC acquired a new stake in shares of T-Mobile US in the second quarter valued at about $25,000. Dunhill Financial LLC purchased a new stake in T-Mobile US during the second quarter worth about $27,000. Highland Investment Advisors LLC acquired a new position in T-Mobile US during the second quarter worth about $30,000. Finally, Sachetta LLC grew its position in T-Mobile US by 52.9% during the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US News Roundup

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

• Positive Sentiment: Raymond James upgraded TMUS to Outperform from Market Perform and set a $170 price target, saying concerns about Starlink’s competitive threat are overstated and meaningful disruption may be more than three years away. Raymond James upgrade
• Positive Sentiment: Recent fundamentals support the bullish case: T-Mobile’s latest quarterly EPS beat estimates, revenue rose 7.9% year over year, and the company continues to generate strong cash flow. Its compressed valuation, dividend growth and roughly 2.6% yield may attract value and income investors. Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
• Positive Sentiment: T-Mobile’s technology leadership pushed back on SpaceX’s wireless ambitions, while its planned satellite-coverage cooperation with AT&T and Verizon could help address rural coverage gaps without requiring a costly standalone space network. T-Mobile pushes back on SpaceX

About T-Mobile US

T-Mobile US, Inc 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 wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.