T-Mobile US (NASDAQ:TMUS) Price Target Raised to $187.00

T-Mobile US (NASDAQ:TMUSGet Rating) had its price target upped by Cowen from $179.00 to $187.00 in a research report sent to investors on Thursday morning, The Fly reports.

Several other equities analysts have also recently issued reports on the company. Scotiabank upgraded T-Mobile US from a sector perform rating to a sector outperform rating and raised their price objective for the stock from $153.00 to $167.00 in a research note on Thursday. Raymond James raised their price objective on T-Mobile US from $158.00 to $160.00 and gave the stock a strong-buy rating in a research note on Friday, July 1st. UBS Group set a $177.00 target price on T-Mobile US in a research note on Monday, June 20th. Barclays raised their target price on T-Mobile US from $150.00 to $160.00 and gave the company a maintains rating in a research note on Thursday. Finally, StockNews.com upgraded T-Mobile US from a sell rating to a hold rating in a research note on Sunday, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US presently has an average rating of Moderate Buy and a consensus price target of $169.14.

T-Mobile US Stock Performance

T-Mobile US stock opened at $143.06 on Thursday. The stock has a market cap of $178.72 billion, a P/E ratio of 63.87, a price-to-earnings-growth ratio of 1.70 and a beta of 0.48. The company has a current ratio of 0.81, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average of $134.09 and a 200-day moving average of $127.38. T-Mobile US has a 52 week low of $101.51 and a 52 week high of $145.46.

T-Mobile US (NASDAQ:TMUSGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.50). T-Mobile US had a return on equity of 5.46% and a net margin of 3.49%. The firm had revenue of $19.70 billion for the quarter, compared to the consensus estimate of $20.08 billion. During the same quarter last year, the business earned $0.78 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, analysts expect that T-Mobile US will post 2.77 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $121.99, for a total value of $2,439,800.00. Following the transaction, the chief executive officer now owns 674,472 shares of the company’s stock, valued at approximately $82,278,839.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

A number of institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC boosted its position in T-Mobile US by 23.0% during the 1st quarter. Cerity Partners LLC now owns 4,510 shares of the Wireless communications provider’s stock worth $580,000 after acquiring an additional 843 shares during the period. Benjamin Edwards Inc. boosted its position in T-Mobile US by 703.5% during the 4th quarter. Benjamin Edwards Inc. now owns 1,599 shares of the Wireless communications provider’s stock worth $185,000 after acquiring an additional 1,400 shares during the period. Mount Yale Investment Advisors LLC boosted its position in T-Mobile US by 14.1% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 17,344 shares of the Wireless communications provider’s stock worth $2,226,000 after acquiring an additional 2,147 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in T-Mobile US by 4.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 19,186 shares of the Wireless communications provider’s stock worth $2,463,000 after acquiring an additional 824 shares during the period. Finally, Destination Wealth Management acquired a new stake in T-Mobile US during the 4th quarter worth about $656,000. Hedge funds and other institutional investors own 45.24% of the company’s stock.

About T-Mobile US

(Get Rating)

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 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

Further Reading

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Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

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