T-Mobile US (NASDAQ:TMUS) Given New $300.00 Price Target at Arete Research

Key Points

• Arete Research raised its price target on T‑Mobile to $300 (from $295) and maintained a "buy" rating, a target the note says implies about a 54.31% upside from the prior close.
• Analyst consensus remains a Moderate Buy with an average target of $260.48—one analyst rates it a Strong Buy, 22 give Buy ratings and seven assign Hold, showing broad institutional support but a lower consensus target than Arete's.
• T‑Mobile reported a Q1 beat with EPS $2.27 vs. $2.01 expected and revenue of $23.11 billion (up 10.6% year‑over‑year), supporting the bullish analyst views.

T-Mobile US (NASDAQ:TMUS - Get Free Report) had its price target upped by investment analysts at Arete Research from $295.00 to $300.00 in a research note issued on Tuesday,MarketScreener reports. The brokerage currently has a "buy" rating on the Wireless communications provider's stock. Arete Research's price target indicates a potential upside of 54.31% from the company's previous close.

A number of other analysts have also recently weighed in on TMUS. Scotiabank cut their price objective on shares of T-Mobile US from $266.00 to $263.00 and set a "sector outperform" rating on the stock in a report on Wednesday, April 29th. Benchmark restated a "buy" rating on shares of T-Mobile US in a research note on Thursday, February 12th. Moffett Nathanson upgraded T-Mobile US from a "neutral" rating to a "buy" rating and set a $254.00 target price on the stock in a research report on Wednesday, April 8th. UBS Group reissued a "buy" rating on shares of T-Mobile US in a report on Wednesday, April 29th. Finally, TD Cowen raised their price target on T-Mobile US from $252.00 to $261.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $260.48.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $194.42 on Tuesday. The company has a 50 day moving average price of $206.12 and a 200-day moving average price of $205.09. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. T-Mobile US has a 1-year low of $181.36 and a 1-year high of $261.56. The firm has a market cap of $210.40 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.16 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.26. The business had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The business's revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.58 earnings per share. Equities research analysts forecast that T-Mobile US will post 10.66 EPS for the current year.

Insiders Place Their Bets

In other T-Mobile US news, insider Andre Almeida purchased 5,097 shares of the firm's stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average cost of $196.18 per share, for a total transaction of $999,929.46. Following the completion of the purchase, the insider directly owned 44,850 shares in the company, valued at $8,798,673. This represents a 12.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director G Michael Sievert sold 1,089 shares of the company's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total value of $241,594.65. Following the transaction, the director directly owned 125,696 shares in the company, valued at $27,885,657.60. This represents a 0.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 699,134 shares of company stock worth $151,826,849. Corporate insiders own 0.37% of the company's stock.

Hedge Funds Weigh In On T-Mobile US

Large investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in T-Mobile US in the fourth quarter valued at about $1,335,918,000. Price T Rowe Associates Inc. MD grew its holdings in shares of T-Mobile US by 30.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider's stock worth $5,643,511,000 after acquiring an additional 6,516,968 shares during the period. Wellington Management Group LLP increased its stake in T-Mobile US by 47.5% in the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider's stock valued at $3,222,454,000 after purchasing an additional 4,335,368 shares in the last quarter. Dodge & Cox raised its holdings in T-Mobile US by 65.2% during the fourth quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider's stock worth $1,256,000,000 after purchasing an additional 2,442,450 shares during the last quarter. Finally, Viking Global Investors LP raised its holdings in T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider's stock worth $677,925,000 after purchasing an additional 1,279,422 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 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.

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