Brokerages Set T-Mobile US, Inc. (NASDAQ:TMUS) Target Price at $257.68

Shares of T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty-three ratings firms that are presently covering the stock, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $257.68.

Several brokerages have weighed in on TMUS. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Barclays boosted their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Wells Fargo & Company reissued an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Bank of America lifted their target price on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Finally, Oppenheimer lifted their target price on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, January 31st.

Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares of the company's stock, valued at $865,533. The trade was a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.67% of the company's stock.

Institutional Investors Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently made changes to their positions in TMUS. Activest Wealth Management lifted its position in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 94 shares in the last quarter. Godsey & Gibb Inc. lifted its position in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 60 shares in the last quarter. Rakuten Securities Inc. lifted its position in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 62 shares in the last quarter. CoreFirst Bank & Trust bought a new position in shares of T-Mobile US during the 4th quarter worth approximately $28,000. Finally, Financial Life Planners bought a new position in shares of T-Mobile US during the 4th quarter worth approximately $29,000. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Up 0.2%

NASDAQ:TMUS traded up $0.48 during mid-day trading on Friday, hitting $243.36. The company had a trading volume of 3,717,359 shares, compared to its average volume of 4,246,486. The business has a fifty day simple moving average of $251.99 and a 200-day simple moving average of $243.82. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $276.32 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 1.55 and a beta of 0.69. T-Mobile US has a 1 year low of $165.37 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same period last year, the firm earned $2.00 earnings per share. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts forecast that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

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.