T-Mobile US (NASDAQ:TMUS – Rating Received) Benzinga reported that Morgan Stanley equities analysts’ target price was cut to $175.00 from $180.00 in a research note published on Thursday. The brokerage firm currently has an “overweight” rating on the wireless service provider’s shares. Morgan Stanley’s price target points to a potential upside of 22.57% from the stock’s current price.
TMUS has been the subject of a number of other reports. Raymond James lowered his price target on T-Mobile US shares to $175.00 from $178.00 and gave the stock a “strong buy” rating in a research note on Friday, October 28. StockNews.com acquired coverage of T-Mobile US stocks in a research report on Wednesday, October 12th. They gave the company a “hold” rating. KeyCorp raised its target price on T-Mobile US to $165.00 from $161.00 and ranked the stock as “overweight” in a research report on Friday, October 28. Benchmark lowered its target price on T-Mobile US to $197.00 in a report on Thursday, October 20. Finally, Cowen increased his target price on T-Mobile US to $201.00 from $187.00 in a report on Friday, October 28. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $173.90.
T-Mobile US price development
Shares of TMUS stock rose $0.41 during Thursday trading hours to hit $142.77. The company had a trading volume of 77,323 shares compared to its average volume of 5,050,299. T-Mobile US has a 12-month low of $101.51 and a 12-month high of $154.38. The company has a market cap of $177.63 billion, a price-to-earnings ratio of 116.94, a PEG ratio of 2.58 and a beta of 0.53. The stock has a 50-day moving average of $144.69 and a 200-day moving average of $140.59. The company has a gearing ratio of 1.02, a quick ratio of 0.73 and a current ratio of 0.81.
T-Mobile US (NASDAQ:TMUS – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The wireless communications provider reported earnings per share (EPS) of $0.40 for the quarter, beating analyst consensus estimates of $0.53 ($0.13). T-Mobile US had a return on equity of 6.29% and a net margin of 1.92%. The company had revenue of $19.48 billion in the quarter, compared to analyst estimates of $19.98 billion. In the same period last year, the company reported earnings per share of $0.55. The company’s revenue for the quarter declined 0.7% compared to the same quarter last year. On average, equity analysts expect earnings per share for T-Mobile US to be 2.03 for the current year.
In related news, Director Srikant M. Datar sold 750 shares of T-Mobile US in a transaction on Friday, November 4th. The shares sold at an average price of $147.50 for a total transaction of $110,625.00. Following the sale, the director now directly owns 3,230 shares of the company, valued at approximately $476,425. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. In separate T-Mobile US news, CAO Dara Bazzano sold 1,700 shares of the company’s stock in a transaction that took place on Tuesday, November 1st. The stock sold at an average price of $153.46 for a total value of $260,882.00. Upon completion of the sale, the Chief Accounting Officer now owns 9,551 shares of the Company, valued at $1,465,696.46. The sale was disclosed in a document filed with the SEC, available at this link. In addition, Director Srikant M. Datar sold 750 shares of the company’s shares in a transaction that took place on Friday, November 4th. The stock sold at an average price of $147.50 for a total transaction of $110,625.00. Following the transaction, the director now owns 3,230 shares of the company, valued at $476,425. The disclosure for this sale can be found here. During the most recent quarter, insiders sold 73,450 shares of the company’s stock for $11,045,767. Company insiders own 0.68% of the company’s shares.
Institutional trading by T-Mobile US
Several institutional investors and hedge funds have recently bought and sold shares in TMUS. Parnassus Investments LLC acquired a new stake in T-Mobile US stock valued at approximately $717,426,000 during the first quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in T-Mobile US by 3,974.1% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,001,063 shares of the mobile operator worth $672,843,000 after purchasing an additional 4,878,309 shares last quarter. Vanguard Group Inc. increased its position in T-Mobile US by 8.2% in the first quarter. Vanguard Group Inc. now owns 47,085,538 shares of the wireless communications provider valued at $6,043,429,000 after purchasing an additional 3,553,049 shares during the period. Price T Rowe Associates Inc. MD increased its stake in T-Mobile US by 15.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 19,846,703 shares of the wireless communications provider worth $2,670,175,000 after purchasing an additional 2,690,231 shares last quarter. Finally, Steadfast Capital Management LP increased its stake in T-Mobile US stock by 8,847.6% during the first quarter. Steadfast Capital Management LP now owns 1,970,436 shares of the wireless communications provider valued at $252,905,000 after purchasing an additional 1,948,414 shares during the period. Hedge funds and other institutional investors own 45.24% of the company’s shares.
T-Mobile US Company Profile
T-Mobile US, Inc, together with its subsidiaries, provides wireless service in the United States, Puerto Rico and the US Virgin Islands. The company provides voice, messaging and data services to 108.7 million customers in the postpaid, prepaid and wholesale markets. It also offers wireless devices, including smartphones, wearables and tablets, and other mobile communication devices, as well as wireless devices and accessories.
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