T-Mobile US (NASDAQ:TMUS) Price Target Raised to $230.00

Key Points

• Moffett Nathanson raised T-Mobile US's price target from $210.00 to $230.00 while maintaining a "neutral" rating, indicating a potential downside from the stock's previous close.
• T-Mobile US reported earnings of $2.84 per share for the last quarter, exceeding analysts' expectations of $2.69, alongside revenue of $21.13 billion.
• The stock has mixed ratings from analysts, with three giving it a "Strong Buy," ten a "Buy," and thirteen assigning a "Hold" rating, leading to an average target price of $262.50.

T-Mobile US (NASDAQ:TMUS - Get Free Report) had its price objective hoisted by Moffett Nathanson from $210.00 to $230.00 in a research report issued on Thursday,MarketScreener reports. The firm currently has a "neutral" rating on the Wireless communications provider's stock. Moffett Nathanson's price target would suggest a potential downside of 0.68% from the stock's previous close.

TMUS has been the topic of a number of other reports. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a report on Monday, July 7th. Morgan Stanley increased their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Wolfe Research lowered their price objective on T-Mobile US from $300.00 to $290.00 and set an "outperform" rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on T-Mobile US from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, KeyCorp restated an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, July 9th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $262.50.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $231.58 on Thursday. T-Mobile US has a 12-month low of $206.18 and a 12-month high of $276.49. The firm has a 50 day moving average of $245.18 and a 200 day moving average of $244.51. The firm has a market capitalization of $260.63 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 1.31 and a beta of 0.59. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The company had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.49 EPS. On average, research analysts anticipate that T-Mobile US will post 10.37 earnings per share for the current year.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 64,415 shares of the company's stock in a transaction on Monday, September 29th. The shares were sold at an average price of $238.11, for a total value of $15,337,855.65. Following the sale, the director directly owned 634,177,066 shares of the company's stock, valued at $151,003,901,185.26. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 2,520,207 shares of company stock valued at $608,126,659 in the last three months. 0.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On T-Mobile US

Hedge funds have recently bought and sold shares of the company. Activest Wealth Management increased its holdings in shares of T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 94 shares during the last quarter. Howard Hughes Medical Institute acquired a new position in T-Mobile US in the second quarter valued at approximately $25,000. Godsey & Gibb Inc. raised 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 purchasing an additional 60 shares during the period. Missouri Trust & Investment Co lifted its holdings in shares of T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 105 shares during the last quarter. Finally, Stone House Investment Management LLC acquired a new position in shares of T-Mobile US during the first quarter valued at $29,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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.

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