T-Mobile US (NASDAQ:TMUS) Price Target Raised to $305.00 at BNP Paribas Exane

Key Points

• BNP Paribas Exane has raised T-Mobile US's target price from $290.00 to $305.00, indicating a potential upside of 34.43% from the current stock price.
• Other analysts have also increased their price targets for T-Mobile US, with JPMorgan Chase raising theirs to $300.00 and Royal Bank of Canada adjusting to $270.00.
• T-Mobile US reported $2.84 EPS for its latest quarter, surpassing estimates and showing a 6.9% increase in revenue year-over-year.

T-Mobile US (NASDAQ:TMUS - Get Free Report) had its target price hoisted by BNP Paribas Exane from $290.00 to $305.00 in a report issued on Monday,MarketScreener reports. The firm presently has an "outperform" rating on the Wireless communications provider's stock. BNP Paribas Exane's price target indicates a potential upside of 34.43% from the stock's current price.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, September 30th. Royal Bank Of Canada raised their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Moffett Nathanson boosted their target price on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Morgan Stanley upped their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $264.27.

T-Mobile US Stock Down 1.5%

Shares of NASDAQ TMUS opened at $226.88 on Monday. T-Mobile US has a 12 month low of $207.40 and a 12 month high of $276.49. The company has a market cap of $255.33 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.27 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. The stock has a 50-day moving average price of $244.56 and a two-hundred day moving average price of $243.90.

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

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $244.98, for a total transaction of $17,109,403.20. Following the completion of the transaction, the director directly owned 646,683,084 shares of the company's stock, valued at $158,424,421,918.32. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 2,514,793 shares of company stock worth $606,931,756 in the last three months. Corporate insiders own 0.37% of the company's stock.

Institutional Trading of T-Mobile US

Several hedge funds have recently bought and sold shares of TMUS. Cardinal Capital Management Inc. grew its position in shares of T-Mobile US by 0.6% in the 3rd quarter. Cardinal Capital Management Inc. now owns 171,071 shares of the Wireless communications provider's stock valued at $40,951,000 after acquiring an additional 1,052 shares during the period. Aaron Wealth Advisors LLC grew its position in T-Mobile US by 10.7% during the third quarter. Aaron Wealth Advisors LLC now owns 2,365 shares of the Wireless communications provider's stock worth $566,000 after buying an additional 229 shares in the last quarter. GAMMA Investing LLC grew its stake in T-Mobile US by 19.6% during the third quarter. GAMMA Investing LLC now owns 13,876 shares of the Wireless communications provider's stock worth $3,322,000 after buying an additional 2,271 shares in the last quarter. Rowlandmiller & PARTNERS.ADV acquired a new stake in T-Mobile US in the third quarter valued at about $454,000. Finally, Neville Rodie & Shaw Inc. boosted its position in T-Mobile US by 0.3% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 38,695 shares of the Wireless communications provider's stock worth $9,263,000 after buying an additional 125 shares during the period. 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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