T-Mobile US (NASDAQ:TMUS) Price Target Raised to $300.00 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has raised its price target for T-Mobile US from $280.00 to $300.00, indicating a potential upside of 29.54% from the current price.
• The stock is currently rated with a "Moderate Buy" consensus from analysts, with three analysts giving a "Strong Buy" rating and an average price target of $262.50.
• T-Mobile US recently reported quarterly earnings, exceeding analysts' expectations with $2.84 earnings per share and a revenue of $21.13 billion, marking a 6.9% year-over-year increase.

T-Mobile US (NASDAQ:TMUS - Get Free Report) had its target price increased by equities researchers at Deutsche Bank Aktiengesellschaft from $280.00 to $300.00 in a research report issued on Thursday,MarketScreener reports. Deutsche Bank Aktiengesellschaft's price objective indicates a potential upside of 29.54% from the company's current price.

TMUS has been the subject of a number of other reports. Wolfe Research lowered their price objective on T-Mobile US from $300.00 to $290.00 and set an "outperform" rating for the company in a research report on Tuesday. Royal Bank Of Canada upped their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Morgan Stanley lifted their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. upped their price target on shares of T-Mobile US from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, KeyCorp reissued an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $262.50.

T-Mobile US Stock Down 0.7%

TMUS opened at $231.58 on Thursday. The stock has a fifty day moving average of $245.18 and a 200-day moving average of $244.51. T-Mobile US has a fifty-two week low of $206.18 and a fifty-two week high of $276.49. The company has a market capitalization of $260.63 billion, a P/E ratio of 21.88, a P/E/G ratio of 1.31 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

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

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 2,520,207 shares of company stock valued at $608,126,659 over the last quarter. Company 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 business. Financial Management Professionals Inc. raised its holdings in T-Mobile US by 15.6% in the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock worth $81,000 after purchasing an additional 41 shares during the period. Hohimer Wealth Management LLC raised its holdings in shares of T-Mobile US by 2.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock worth $480,000 after acquiring an additional 41 shares during the period. Journey Strategic Wealth LLC lifted its holdings in T-Mobile US by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock valued at $273,000 after acquiring an additional 41 shares during the last quarter. Angeles Wealth Management LLC boosted its stake in T-Mobile US by 1.2% during the first quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider's stock worth $888,000 after buying an additional 41 shares during the period. Finally, Weaver Capital Management LLC raised its position in T-Mobile US by 0.6% in the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider's stock valued at $1,605,000 after purchasing an additional 42 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

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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