T-Mobile US (NASDAQ:TMUS) Stock Rating Upgraded by Wells Fargo & Company

T-Mobile US (NASDAQ:TMUS) was upgraded by equities research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Thursday, MarketBeat.com reports. The firm presently has a $260.00 price target on the Wireless communications provider’s stock, up from their previous price target of $250.00. Wells Fargo & Company‘s target price would indicate a potential upside of 13.37% from the company’s previous close.

Several other research firms have also commented on TMUS. BNP Paribas Exane increased their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Rothschild Redb raised shares of T-Mobile US to a “hold” rating in a report on Tuesday, September 30th. KeyCorp reaffirmed an “underweight” rating and set a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Rothschild & Co Redburn raised shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target on the stock in a report on Monday, July 7th. Finally, Royal Bank Of Canada raised shares of T-Mobile US from a “sector perform” rating to an “outperform” rating and set a $270.00 price target on the stock in a report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $266.17.

T-Mobile US Stock Performance

T-Mobile US stock opened at $229.33 on Thursday. The firm’s fifty day moving average price is $241.95 and its 200-day moving average price is $241.69. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The stock has a market cap of $258.09 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 1.55 and a beta of 0.59. T-Mobile US has a fifty-two week low of $208.39 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the firm earned $2.49 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts expect that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $227.75, for a total transaction of $14,673,021.50. Following the sale, the director owned 627,717,621 shares of the company’s stock, valued at approximately $142,962,688,182.75. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 2,412,919 shares of company stock worth $583,104,022. Insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

A number of large investors have recently modified their holdings of TMUS. Activest Wealth Management boosted its stake in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 94 shares in the last quarter. Howard Hughes Medical Institute bought a new stake in shares of T-Mobile US during the 2nd quarter valued at about $25,000. Missouri Trust & Investment Co boosted its stake in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 105 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 76 shares in the last quarter. Finally, Stone House Investment Management LLC bought a new stake in shares of T-Mobile US during the 1st quarter valued at about $29,000. 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.