T-Mobile US (NASDAQ:TMUS) Price Target Raised to $185.00

T-Mobile US (NASDAQ:TMUS) had its target price increased by analysts at KeyCorp from $175.00 to $185.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the Wireless communications provider’s stock. KeyCorp’s price objective suggests a potential upside of 12.83% from the company’s current price.

TMUS has been the subject of a number of other reports. Citigroup raised their price objective on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Wells Fargo & Company raised their price objective on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Morgan Stanley raised their price objective on T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Tigress Financial raised their price objective on T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, Raymond James raised their price objective on T-Mobile US from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US has an average rating of “Buy” and an average price target of $186.33.

T-Mobile US Stock Down 0.1 %

Shares of TMUS opened at $163.96 on Friday. T-Mobile US has a 52-week low of $124.92 and a 52-week high of $168.64. The company has a market capitalization of $194.60 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 0.68 and a beta of 0.49. The stock has a fifty day simple moving average of $162.51 and a two-hundred day simple moving average of $157.08. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. The firm had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a return on equity of 13.45% and a net margin of 11.15%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company earned $1.58 EPS. As a group, equities analysts forecast that T-Mobile US will post 8.83 EPS for the current year.

Insider Activity

In other news, CEO G Michael Sievert sold 40,000 shares of T-Mobile US stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $161.05, for a total value of $6,442,000.00. Following the completion of the transaction, the chief executive officer now owns 496,036 shares in the company, valued at approximately $79,886,597.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO G Michael Sievert sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $161.05, for a total transaction of $6,442,000.00. Following the completion of the sale, the chief executive officer now owns 496,036 shares in the company, valued at $79,886,597.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total value of $984,363.36. Following the sale, the insider now owns 102,555 shares of the company’s stock, valued at approximately $17,274,364.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,180,319 shares of company stock worth $1,002,629,987. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

Several institutional investors have recently added to or reduced their stakes in the business. Sterling Investment Counsel LLC lifted its stake in T-Mobile US by 13.6% during the first quarter. Sterling Investment Counsel LLC now owns 1,588 shares of the Wireless communications provider’s stock worth $259,000 after purchasing an additional 190 shares during the last quarter. BLB&B Advisors LLC purchased a new stake in T-Mobile US during the first quarter worth approximately $286,000. Highview Capital Management LLC DE increased its position in T-Mobile US by 3.5% during the first quarter. Highview Capital Management LLC DE now owns 15,475 shares of the Wireless communications provider’s stock worth $2,526,000 after buying an additional 524 shares during the period. Northwest Bancshares Inc. increased its position in T-Mobile US by 80.7% during the first quarter. Northwest Bancshares Inc. now owns 3,138 shares of the Wireless communications provider’s stock worth $512,000 after buying an additional 1,401 shares during the period. Finally, YHB Investment Advisors Inc. acquired a new position in T-Mobile US during the first quarter worth approximately $3,087,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

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.