Tigress Financial Forecasts Strong Price Appreciation for T-Mobile US (NASDAQ:TMUS) Stock

T-Mobile US (NASDAQ:TMUS) had its price target increased by equities research analysts at Tigress Financial from $290.00 to $305.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the Wireless communications provider’s stock. Tigress Financial’s target price would suggest a potential upside of 23.51% from the company’s current price.

Other equities analysts have also issued research reports about the company. Hsbc Global Res lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Barclays upped their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Scotiabank lifted their price target on shares of T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada increased their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, March 21st. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $257.68.

T-Mobile US Trading Up 2.2 %

Shares of TMUS opened at $246.95 on Tuesday. T-Mobile US has a 12-month low of $161.61 and a 12-month high of $276.49. The firm has a market capitalization of $280.70 billion, a P/E ratio of 25.54, a P/E/G ratio of 1.55 and a beta of 0.63. The firm has a 50-day moving average price of $258.98 and a 200 day moving average price of $241.18. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter last year, the firm earned $2.00 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. Sell-side analysts forecast that T-Mobile US will post 10.37 EPS for the current year.

Insider Buying and Selling

In other news, Director Srikant M. Datar sold 730 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Hedge funds have recently added to or reduced their stakes in the stock. Godsey & Gibb Inc. lifted its position in T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 60 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in shares of T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 62 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in shares of T-Mobile US in the 4th quarter valued at about $28,000. Financial Life Planners purchased a new position in T-Mobile US during the 4th quarter worth approximately $29,000. Finally, Bruce G. Allen Investments LLC increased its position in T-Mobile US by 79.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after buying an additional 73 shares during the period. 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.