T-Mobile US (NASDAQ:TMUS) Now Covered by Analysts at The Goldman Sachs Group

Key Points

• T-Mobile US's stock rating has been reaffirmed as a "Buy" by The Goldman Sachs Group, with a target price of $286.00 suggesting a potential upside of 13.50% from previous closing prices.
• Recent analyst ratings reflect mixed views, with three strong buy ratings, nine buy, twelve hold, and one sell, resulting in a consensus rating of "Moderate Buy".
• The company reported strong earnings with $2.84 earnings per share, exceeding estimates, and a revenue of $21.13 billion, marking a 6.9% increase from the prior year.

The Goldman Sachs Group began coverage on shares of T-Mobile US (NASDAQ:TMUS - Free Report) in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage issued a buy rating and a $286.00 price objective on the Wireless communications provider's stock.

A number of other brokerages have also recently weighed in on TMUS. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. Royal Bank Of Canada lifted their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Bank of America initiated coverage on T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price for the company. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. Finally, KeyCorp reiterated an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and a consensus target price of $258.02.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $0.64 during trading on Tuesday, reaching $252.76. The company had a trading volume of 3,294,176 shares, compared to its average volume of 3,654,834. T-Mobile US has a 52 week low of $192.61 and a 52 week high of $276.49. The business's 50 day moving average price is $242.67 and its 200-day moving average price is $247.68. The stock has a market cap of $284.46 billion, a PE ratio of 23.85, a PEG ratio of 1.38 and a beta of 0.61. 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 posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (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 business had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter last year, the business earned $2.49 earnings per share. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. Analysts expect that T-Mobile US will post 10.37 earnings per share for the current year.

Insider Buying and Selling

In other T-Mobile US news, CEO G Michael Sievert sold 22,500 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $255.58, for a total value of $5,750,550.00. Following the transaction, the chief executive officer directly owned 358,722 shares of the company's stock, valued at $91,682,168.76. This represents a 5.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $256.44, for a total value of $17,909,769.60. Following the sale, the director directly owned 635,433,644 shares of the company's stock, valued at approximately $162,950,603,667.36. The trade was a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,488,250 shares of company stock worth $593,252,506. Corporate insiders own 0.37% of the company's stock.

Institutional Trading of T-Mobile US

A number of institutional investors have recently modified their holdings of TMUS. Activest Wealth Management grew its position in T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 94 shares during the last quarter. Godsey & Gibb Inc. lifted its holdings in shares of T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 60 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of T-Mobile US during the 2nd quarter valued at approximately $25,000. Stone House Investment Management LLC acquired a new position in T-Mobile US during the 1st quarter worth approximately $29,000. Finally, TCTC Holdings LLC lifted its stake in T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after purchasing an additional 77 shares during the last quarter. 42.49% of the stock is currently owned by 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.