Weiss Ratings Reiterates Buy (B) Rating for T-Mobile US (NASDAQ:TMUS)

Key Points

• Weiss Ratings has reiterated a "buy" rating for T-Mobile US (NASDAQ:TMUS), indicating continued confidence from analysts in the stock's potential.
• Multiple analysts have increased their price targets for T-Mobile US recently, with the consensus price target now at $264.29.
• T-Mobile US reported a 6.9% increase in revenue year-over-year, generating $21.13 billion in the latest quarter, along with an EPS of $2.84, beating estimates by $0.15.

T-Mobile US (NASDAQ:TMUS - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities research analysts also recently issued reports about the stock. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective on the stock in a research report on Monday, July 7th. Bank of America assumed coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. BNP Paribas Exane increased their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, KeyCorp reiterated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $264.29.

T-Mobile US Stock Down 0.5%

TMUS traded down $1.10 during trading hours on Wednesday, hitting $226.58. 4,059,749 shares of the company's stock were exchanged, compared to its average volume of 4,225,070. T-Mobile US has a 12-month low of $208.39 and a 12-month high of $276.49. The firm has a 50 day moving average of $243.77 and a 200 day moving average of $243.46. The firm has a market cap of $255.00 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 1.46 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.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced 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. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the prior year, the firm posted $2.49 EPS. The company's quarterly revenue was up 6.9% compared to the same quarter last year. Analysts predict that T-Mobile US will post 10.37 EPS for the current fiscal year.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $224.60, for a total transaction of $14,470,079.60. Following the completion of the sale, the director directly owned 628,168,603 shares in the company, valued at $141,086,668,233.80. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 2,573,805 shares of company stock worth $620,024,493 in the last ninety days. Insiders own 0.37% of the company's stock.

Institutional Investors Weigh In On T-Mobile US

Institutional investors have recently bought and sold shares of the stock. Activest Wealth Management grew its holdings 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 purchasing an additional 94 shares during the period. Howard Hughes Medical Institute acquired a new position in shares of T-Mobile US during the second quarter worth $25,000. Stone House Investment Management LLC acquired a new position in shares of T-Mobile US during the first quarter worth $29,000. TCTC Holdings LLC lifted its position in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after purchasing an additional 77 shares in the last quarter. Finally, Missouri Trust & Investment Co lifted its position in shares of T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 105 shares in the last quarter. 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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