T-Mobile US (NASDAQ:TMUS) Given New $246.00 Price Target at Moffett Nathanson

T-Mobile US (NASDAQ:TMUS) had its price target boosted by Moffett Nathanson from $242.00 to $246.00 in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the Wireless communications provider’s stock. Moffett Nathanson’s target price suggests a potential upside of 48.50% from the company’s current price.

TMUS has been the topic of several other research reports. Barclays dropped their price target on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Wolfe Research restated a “peer perform” rating on shares of T-Mobile US in a research note on Friday, August 14th. Wells Fargo & Company cut their price target on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of T-Mobile US in a research note on Friday, September 11th. Finally, Royal Bank Of Canada dropped their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $251.16.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $165.66 on Tuesday. T-Mobile US has a one year low of $161.14 and a one year high of $242.37. The firm’s 50 day moving average price is $179.69 and its 200-day moving average price is $188.35. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a market cap of $177.70 billion, a P/E ratio of 17.35, a P/E/G ratio of 1.04 and a beta of 0.34.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. During the same period in the previous year, the business earned $2.84 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities research analysts predict that T-Mobile US will post 10.82 EPS for the current year.

Insider Activity

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the sale, the chief accounting officer directly owned 35,118 shares in the company, valued at approximately $6,262,592.94. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.32% of the stock is owned by corporate insiders.

Institutional Trading of T-Mobile US

Several large investors have recently modified their holdings of the business. Andra AP fonden grew its stake in shares of T-Mobile US by 112.3% in the second quarter. Andra AP fonden now owns 35,349 shares of the Wireless communications provider’s stock worth $5,929,000 after acquiring an additional 18,700 shares during the period. Anchor Investment Management LLC lifted its stake in T-Mobile US by 8.7% in the second quarter. Anchor Investment Management LLC now owns 5,415 shares of the Wireless communications provider’s stock valued at $908,000 after buying an additional 434 shares during the period. Talon Private Wealth LLC raised its holdings in shares of T-Mobile US by 45.3% in the 2nd quarter. Talon Private Wealth LLC now owns 12,563 shares of the Wireless communications provider’s stock valued at $2,107,000 after purchasing an additional 3,917 shares during the period. Sequoia Financial Advisors LLC increased its position in T-Mobile US by 21.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,454 shares of the Wireless communications provider’s stock valued at $3,766,000 after buying an additional 3,916 shares in the last quarter. Finally, National Pension Service lifted its holdings in T-Mobile US by 2.3% during the second quarter. National Pension Service now owns 1,272,702 shares of the Wireless communications provider’s stock valued at $213,470,000 after purchasing an additional 28,413 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Company Profile

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.