T-Mobile US (NASDAQ:TMUS) Price Target Raised to $246.00 at Moffett Nathanson

T-Mobile US (NASDAQ:TMUS) had its price objective lifted by Moffett Nathanson from $242.00 to $246.00 in a report released on Tuesday morning. They currently have a buy rating on the Wireless communications provider’s stock.

Other equities analysts have also issued research reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of T-Mobile US in a research note on Friday, September 11th. UBS Group decreased their price objective on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Barclays dropped their target price on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. TD Cowen decreased their target price on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Finally, Wells Fargo & Company reduced their target price on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $251.16.

T-Mobile US Price Performance

TMUS opened at $165.66 on Tuesday. The firm has a market cap of $177.70 billion, a PE ratio of 17.35, a P/E/G ratio of 1.04 and a beta of 0.34. T-Mobile US has a 1 year low of $161.14 and a 1 year high of $242.37. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The stock has a 50-day moving average price of $179.69 and a 200-day moving average price of $188.35.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $22.95 billion. During the same quarter last year, the company earned $2.84 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts predict that T-Mobile US will post 10.82 earnings per share for the current fiscal year.

Insider Transactions 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 transaction of $137,670.76. Following the completion of the transaction, the chief accounting officer directly owned 35,118 shares of the company’s stock, valued at approximately $6,262,592.94. This represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.32% of the stock is owned by company insiders.

Institutional Trading of T-Mobile US

Several hedge funds and other institutional investors have recently made changes to their positions in TMUS. Andra AP fonden boosted its position in shares of T-Mobile US by 112.3% during the 2nd quarter. Andra AP fonden now owns 35,349 shares of the Wireless communications provider’s stock worth $5,929,000 after purchasing an additional 18,700 shares in the last quarter. Anchor Investment Management LLC grew its holdings in T-Mobile US by 8.7% during the 2nd quarter. Anchor Investment Management LLC now owns 5,415 shares of the Wireless communications provider’s stock valued at $908,000 after buying an additional 434 shares during the last quarter. Talon Private Wealth LLC increased its position in T-Mobile US by 45.3% during the 2nd quarter. Talon Private Wealth LLC now owns 12,563 shares of the Wireless communications provider’s stock worth $2,107,000 after purchasing an additional 3,917 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of T-Mobile US by 21.1% during the second quarter. Sequoia Financial Advisors LLC now owns 22,454 shares of the Wireless communications provider’s stock valued at $3,766,000 after buying an additional 3,916 shares during the period. Finally, National Pension Service boosted its holdings in shares of T-Mobile US by 2.3% during the second quarter. National Pension Service now owns 1,272,702 shares of the Wireless communications provider’s stock worth $213,470,000 after purchasing an additional 28,413 shares during 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, 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.