T-Mobile US (NASDAQ:TMUS) Raised to Overweight at KeyCorp

Key Points

• KeyCorp upgraded T-Mobile US from "sector weight" to "overweight" and set a $260 target, implying about a 32.85% upside from the current price.
• Analyst consensus remains positive—one Strong Buy, 19 Buy and 8 Hold—with MarketBeat showing an average rating of "Moderate Buy" and an average price target of $260.91.
• Insiders sold 694,134 shares worth $150,847,799 over the last quarter, leaving company insiders with just 0.37% ownership.

T-Mobile US (NASDAQ:TMUS - Get Free Report) was upgraded by equities research analysts at KeyCorp from a "sector weight" rating to an "overweight" rating in a note issued to investors on Monday,Benzinga reports. The firm presently has a $260.00 target price on the Wireless communications provider's stock. KeyCorp's price objective indicates a potential upside of 32.85% from the company's current price.

A number of other research firms have also recently weighed in on TMUS. Wolfe Research restated an "outperform" rating and issued a $255.00 price target on shares of T-Mobile US in a research note on Thursday, February 12th. Benchmark restated a "buy" rating on shares of T-Mobile US in a research note on Thursday, February 12th. Scotiabank dropped their price target on T-Mobile US from $270.50 to $266.00 and set a "sector outperform" rating on the stock in a research note on Thursday, February 12th. DZ Bank restated a "buy" rating on shares of T-Mobile US in a research note on Friday, February 13th. Finally, UBS Group restated a "buy" rating on shares of T-Mobile US in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and an average price target of $260.91.

T-Mobile US Price Performance

TMUS opened at $195.71 on Monday. T-Mobile US has a 1-year low of $181.36 and a 1-year high of $267.96. The stock's fifty day simple moving average is $210.22 and its 200 day simple moving average is $208.88. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. The stock has a market cap of $215.65 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.25 and a beta of 0.43.

Insider Transactions at T-Mobile US

In other news, insider Mark Wolfe Nelson sold 10,240 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the sale, the insider directly owned 74,280 shares of the company's stock, valued at approximately $16,401,024. This represents a 12.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Srikant M. Datar sold 3,291 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total value of $727,640.10. Following the sale, the director directly owned 1,038 shares in the company, valued at approximately $229,501.80. This trade represents a 76.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is currently owned by company insiders.

Institutional Trading of T-Mobile US

Several large investors have recently modified their holdings of TMUS. United Community Bank grew its holdings in shares of T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 59 shares in the last quarter. JDM Financial Group LLC boosted its stake in T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider's stock valued at $25,000 after buying an additional 65 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider's stock valued at $28,000 after buying an additional 76 shares in the last quarter. Swiss RE Ltd. acquired a new stake in T-Mobile US in the fourth quarter valued at about $29,000. Finally, Turning Point Benefit Group Inc. boosted its stake in T-Mobile US by 3,825.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider's stock valued at $32,000 after buying an additional 153 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

About T-Mobile US

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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