T-Mobile US (NASDAQ:TMUS) Upgraded by Wells Fargo & Company to Overweight Rating

Key Points

• Wells Fargo & Company upgraded T-Mobile US from an "equal weight" to an "overweight" rating, raising the price target from $250.00 to $260.00, suggesting a potential upside of 14.71% from the current price.
• Other analysts also positively adjusted their ratings and price targets, with Scotiabank setting a new target of $278.00, while JPMorgan Chase & Co. increased their target to $300.00.
• T-Mobile US recently reported earnings of $2.84 EPS for the last quarter, surpassing analysts' expectations, and achieving a 6.9% year-over-year revenue growth.

T-Mobile US (NASDAQ:TMUS - Get Free Report) was upgraded by Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a report released on Thursday,Benzinga reports. The firm currently has a $260.00 price target on the Wireless communications provider's stock, up from their prior price target of $250.00. Wells Fargo & Company's target price indicates a potential upside of 14.71% from the company's current price.

A number of other research firms also recently commented on TMUS. Scotiabank upped their price objective on T-Mobile US from $271.50 to $278.00 and gave the company a "sector outperform" rating in a report on Monday, October 6th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a report on Monday, July 7th. JPMorgan Chase & Co. increased their price target on T-Mobile US from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, September 30th. Bank of America initiated coverage on T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target for the company. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of T-Mobile US in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $266.17.

T-Mobile US Trading Down 1.2%

TMUS stock opened at $226.65 on Thursday. The company has a market cap of $255.08 billion, a P/E ratio of 21.38, a PEG ratio of 1.57 and a beta of 0.59. T-Mobile US has a twelve month low of $208.39 and a twelve month high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The business has a fifty day moving average of $242.60 and a 200-day moving average of $242.23.

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

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total transaction of $16,246,879.20. Following the transaction, the director owned 646,822,764 shares in the company, valued at approximately $150,470,379,589.32. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 2,418,333 shares of company stock worth $584,293,759 in the last 90 days. 0.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

Hedge funds have recently added to or reduced their stakes in the stock. NorthCrest Asset Manangement LLC bought a new position in T-Mobile US during the 2nd quarter worth $284,000. Crestwood Advisors Group LLC increased its stake in shares of T-Mobile US by 79.5% in the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock valued at $436,000 after purchasing an additional 724 shares during the last quarter. Berkshire Bank increased its stake in shares of T-Mobile US by 12.5% in the 2nd quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider's stock valued at $3,000,000 after purchasing an additional 1,400 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of T-Mobile US by 14.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock valued at $1,837,399,000 after purchasing an additional 864,030 shares during the last quarter. Finally, Fox Hill Wealth Management bought a new position in shares of T-Mobile US in the 2nd quarter valued at $2,603,000. Institutional investors own 42.49% of the company's stock.

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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