T-Mobile US (NASDAQ:TMUS) Stock Rating Upgraded by Raymond James Financial

Key Points

• Raymond James upgraded T-Mobile US from “market perform” to “outperform” and set a $170 price target, implying 14.42% upside from the prior close.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $244.65, despite several firms recently lowering their targets.
• T-Mobile exceeded quarterly earnings expectations, reporting $2.99 in EPS versus a $2.59 consensus estimate, while revenue rose 7.9% year over year to $22.79 billion.

T-Mobile US (NASDAQ:TMUS - Get Free Report) was upgraded by Raymond James Financial from a "market perform" rating to an "outperform" rating in a research report issued on Monday, Benzinga reports. The firm currently has a $170.00 price target on the Wireless communications provider's stock. Raymond James Financial's price objective indicates a potential upside of 14.42% from the stock's previous close.

Several other research analysts also recently commented on the company. Morgan Stanley cut their target price on 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 reduced their price target on T-Mobile US from $260.00 to $250.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Weiss Ratings reissued a "hold (c)" rating on shares of T-Mobile US in a research note on Friday, September 11th. Sanford C. Bernstein restated a "neutral" rating on shares of T-Mobile US in a research report on Monday, September 28th. Finally, Royal Bank Of Canada cut their price objective on T-Mobile US from $240.00 to $230.00 and set an "outperform" rating on the stock in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $244.65.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $148.58 on Monday. The firm has a market cap of $159.38 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 0.93 and a beta of 0.33. The firm's fifty day moving average is $175.02 and its 200-day moving average is $184.16. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. T-Mobile US has a 52 week low of $147.90 and a 52 week high of $231.02.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $22.79 billion for the quarter, compared to analysts' expectations of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. T-Mobile US's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.84 earnings per share. Sell-side analysts predict that T-Mobile US will post 11.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction on Thursday, September 10th. The shares were 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 owned 35,118 shares of the company's stock, valued at $6,262,592.94. This trade 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 the SEC website. 0.32% of the stock is owned by corporate insiders.

Institutional Trading of T-Mobile US

A number of institutional investors have recently bought and sold shares of TMUS. BlackRock Inc. purchased a new stake in T-Mobile US in the second quarter worth $6,625,275,000. Bank of New York Mellon Corp purchased a new position in shares of T-Mobile US during the 2nd quarter valued at $839,194,000. Bank of America Corp DE bought a new position in shares of T-Mobile US during the 2nd quarter worth $758,977,000. Legal & General Group Plc bought a new position in shares of T-Mobile US during the 2nd quarter worth $583,675,000. Finally, Deutsche Bank AG purchased a new stake in T-Mobile US in the 2nd quarter worth about $349,928,000. Institutional investors own 42.49% of the company's stock.

T-Mobile US Company Profile

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.

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