T-Mobile US (NASDAQ:TMUS) Stock Price Expected to Rise, Scotiabank Analyst Says

Key Points

• Scotiabank has raised its target price for T-Mobile US stock from $271.50 to $278.00, indicating a potential upside of 23.42% from the current price.
• Other analysts, including Morgan Stanley and JPMorgan Chase & Co., have also increased their target prices, with a consensus average target of $264.29 for the stock.
• T-Mobile US reported quarterly earnings of $2.84 EPS, surpassing estimates and reflecting a 6.9% increase in revenue year-over-year.

T-Mobile US (NASDAQ:TMUS - Get Free Report) had its target price upped by analysts at Scotiabank from $271.50 to $278.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "sector outperform" rating on the Wireless communications provider's stock. Scotiabank's price objective indicates a potential upside of 23.42% from the company's current price.

TMUS has been the subject of several other reports. Morgan Stanley upped their target price on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Royal Bank Of Canada boosted their price target 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. KeyCorp reissued an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. JPMorgan Chase & Co. raised 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, September 30th. Finally, 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, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $264.29.

T-Mobile US Price Performance

NASDAQ:TMUS traded down $5.02 during trading hours on Monday, reaching $225.25. 830,576 shares of the company were exchanged, compared to its average volume of 4,270,119. The firm has a market cap of $253.50 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 1.27 and a beta of 0.59. The stock's 50-day moving average is $244.56 and its 200-day moving average is $243.90. 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 has a twelve month low of $207.40 and a twelve month high of $276.49.

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

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $244.98, for a total value of $17,109,403.20. Following the sale, the director directly owned 646,683,084 shares in the company, valued at $158,424,421,918.32. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 2,514,793 shares of company stock worth $606,931,756 in the last ninety days. Insiders own 0.37% of the company's stock.

Institutional Trading of T-Mobile US

Several institutional investors and hedge funds have recently made changes to their positions in TMUS. UMB Bank n.a. boosted its holdings in shares of T-Mobile US by 1,248.4% during the first quarter. UMB Bank n.a. now owns 24,743 shares of the Wireless communications provider's stock worth $6,599,000 after purchasing an additional 22,908 shares during the last quarter. Wedmont Private Capital grew its position in T-Mobile US by 6.6% in the first quarter. Wedmont Private Capital now owns 7,186 shares of the Wireless communications provider's stock valued at $1,859,000 after acquiring an additional 447 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of T-Mobile US in the first quarter valued at $235,000. OLD National Bancorp IN grew its holdings in T-Mobile US by 4.1% during the 1st quarter. OLD National Bancorp IN now owns 2,135 shares of the Wireless communications provider's stock valued at $569,000 after purchasing an additional 84 shares in the last quarter. Finally, Central Bank & Trust Co. increased its stake in T-Mobile US by 82.3% during the 1st quarter. Central Bank & Trust Co. now owns 1,677 shares of the Wireless communications provider's stock worth $447,000 after buying an additional 757 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Company Profile

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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