T-Mobile US (NASDAQ:TMUS) Given New $225.00 Price Target at Citigroup

T-Mobile US (NASDAQ:TMUS) had its target price increased by stock analysts at Citigroup from $220.00 to $225.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the Wireless communications provider’s stock. Citigroup’s price target indicates a potential upside of 3.80% from the company’s previous close.

A number of other research analysts also recently commented on TMUS. Wells Fargo & Company increased their target price on T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. UBS Group restated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Argus lowered their price objective on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Finally, Daiwa Securities Group raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price objective for the company in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $257.30.

T-Mobile US Price Performance

T-Mobile US stock traded up $1.94 during midday trading on Tuesday, reaching $216.76. 1,437,499 shares of the stock traded hands, compared to its average volume of 6,086,942. The stock has a market cap of $238.84 billion, a P/E ratio of 22.33, a PEG ratio of 1.41 and a beta of 0.42. The stock’s fifty day moving average is $204.44 and its 200-day moving average is $213.99. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. T-Mobile US has a 12 month low of $181.36 and a 12 month high of $272.60.

Insider Buying and Selling

In other news, insider Mark Wolfe Nelson sold 2,329 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total transaction of $517,923.02. Following the transaction, the insider owned 65,677 shares of the company’s stock, valued at approximately $14,605,251.26. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 550,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total value of $119,663,500.00. Following the completion of the sale, the director owned 891,204 shares in the company, valued at approximately $193,899,254.28. The trade was a 38.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 694,134 shares of company stock worth $150,847,799 over the last three months. 0.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

Large investors have recently bought and sold shares of the business. Cornerstone Planning LLC bought a new stake in shares of T-Mobile US during the fourth quarter worth $2,723,000. Rockefeller Capital Management L.P. grew its holdings in shares of T-Mobile US by 46.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 54,643 shares of the Wireless communications provider’s stock worth $11,095,000 after purchasing an additional 17,453 shares during the last quarter. World Investment Advisors increased its stake in T-Mobile US by 71.5% in the 4th quarter. World Investment Advisors now owns 3,664 shares of the Wireless communications provider’s stock worth $744,000 after buying an additional 1,528 shares during the period. Winthrop Partners WNY LLC purchased a new position in T-Mobile US in the 4th quarter worth about $409,000. Finally, Corient Private Wealth LLC lifted its holdings in T-Mobile US by 22.5% during the 4th quarter. Corient Private Wealth LLC now owns 431,688 shares of the Wireless communications provider’s stock valued at $87,650,000 after buying an additional 79,239 shares in the last quarter. Hedge funds and other 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.