Raymond James raises his price target on T-Mobile US (NASDAQ:TMUS) to $178.00.
According to a Friday report by The Fly, stock analysts Raymond James raised their price target for T-Mobile US (NASDAQ: TMUS-Get Rating) from $175.00 to $178.00 in research published earlier. this week. The report was based on a study conducted earlier this week. Compared to its current price, the price target that Raymond James has set for the business indicates that there is room for a possible gain of 22.45%. The past few months have seen the publication of research on TMUS by several other analysts. KeyCorp raised its price target on T-Mobile US shares in a research note released Monday, July 11.
The new price target is $161.00, down from $155.00. In a research report released Friday, June 24, Tigress Financial raised its price target on T-Mobile’s U.S. stock from $185.00 to $195.00. The rise resulted from an increase in the target price of T-Mobile US shares. On top of that, they gave the company an “overweight” rating. Additionally, in a research note published Thursday, July 28, Cowen raised his price target on T-Mobile’s U.S. stock. The new price target is $187.00, down from $179.00. In a research report released Wednesday, July 20, Citigroup raised its price target on T-Mobile’s U.S. stock from $156.00 to $160.00 and upgraded the company from a “hold” rating to a “buy” note in a research report that was On June 2, a research note authored by Wolfe Research was published on the T-Mobile US website, which marked the start of surveillance by the company shares of the company.
The stock received the outperform rating and analysts decided on a price target of $159. One of the experts indicated that the shares should be sold, while three others said they should be held, eleven suggested they should be bought and two suggested they should be bought aggressively. According to MarketBeat’s latest analysis, the company is currently considered a “Moderate Buy” and analysts expect it to reach an average price of $169.91 soon. The price of a share of TMUS was $145.37 when it opened for trading on Friday. The company’s market capitalization currently stands at $182.29 billion, while its price-to-earnings ratio is 106.11, its price-to-earnings-to-growth ratio is 2.29, and its beta is 0. 48. The current ratio is 0.85, the quick ratio is 0.74 and the debt ratio is 1.05.
Each of these ratios comes at a different time. Shares of the company are currently trading at an average moving price of $141.22 for the last fifty days and $133.12 for the last 200 days. T-Mobile US has given prices ranging from $101.51 to $148.04 over the past year, with $101.51 being the lowest and $148.04 being the highest. On Wednesday, July 27, T-Mobile US (NASDAQ: TMUS-Get Rating) announced the results of its latest quarterly financial report. The report was released on Wednesday. The earnings per share (EPS) figure the cellular communications industry reported for the quarter was $1.43, $1.02 higher than the $0.41 analysts had predicted. Total revenue for the quarter was $19.70 billion, lower than industry analysts’ projection of $20.08 billion for total revenue for the quarter . T-Mobile US reported a return on equity for the quarter of 6.59% and a net margin of 2.14%.
However, revenue for the quarter was down 1.2% from the previous quarter. The company reported earnings of $0.78 per share for the same period in the prior year’s comparable financial report. T-Mobile US is expected to post earnings of $2.27 per share in 2018, according to the consensus of equity market specialists. According to other company news, a T-Mobile US insider named Callie R. Field sold 6,944 shares of the company on August 11. Since the price of each share was determined to be $140.00 on average, the total transaction value was $999,936.00. The insider now directly owns 91,427 shares of the company, which currently has a market value of approximately $13,165,488, based on current estimates. The transaction was discussed in a legal document filed with the Securities and Exchange Commission and is available on their website. You can watch it up there if you’re interested. On Thursday, August 11, T-Mobile US chief administrative officer Dara Bazzano sold 1,902 shares of the company.
This is just one of many occurrences of this topic. The total amount obtained from the sale of shares was $273,773.88 and the price paid for each share averaged $143.94. As a result of completing the acquisition, the chief accounting officer now owns a total of 11,251 company shares, each of which is worth approximately $1,619,468.94 at present. The public first became aware of the transaction through a filing with the SEC, which can be viewed by clicking the following link. Additionally, on Thursday, August 11, a T-Mobile US employee named Callie R. Field sold 6,944 shares of the company. The price received for each share averaged $144 and the total amount received from the sale of the shares was $999,936.00. Following the completion of the transaction, the insider now owns 91,427 shares of the company, each worth $13,165,488. Disclosures related to the sale can be found in this section of the website. In the last three months, employees with insider trading privileges at the company sold 101,846 shares of the company for a total of $14,808,930. The company’s workforce collectively owns 0.68% of the company. The method by which certain hedge funds and other forms of institutional investors participate in TMUS has recently undergone some adjustments due to recent developments.
In the first three months of 2014, Cerity Partners LLC recorded a 23.0% increase in the actual percentage ownership of T-Mobile US shares it held. Cerity Partners LLC currently owns 4,510 shares of the company, which has a market capitalization of $580,000. Indeed, the company proceeded to new purchases of 843 shares over the period concerned. Boston Partners acquired a 64.9% stake in T-Mobile US in the first three months of the year, bringing their total ownership percentage to 100%. Boston Partners now owns 3,073,010 shares of the wireless communications provider, currently valued at $394,862,000, after purchasing an additional 1,209,516 shares during the quarter. This brings Boston Partners’ total stock count to 3,073,010. During the first quarter, Mount Yale Investment Advisors LLC increased the company’s share ownership percentage to 14.1%. Mount Yale Investment Advisors LLC has accumulated 17,344 shares of the wireless carrier’s common stock, currently valued at $2,226,000.
This stems from the company’s purchase of an additional 2,147 shares during the relevant period. In the first three months of 2018, Hennion & Walsh Asset Management Inc. increased the number of T-Mobile US shares it held by 4.5%, bringing its total ownership percentage to 14.5%. Hennion & Walsh Asset Management Inc. now owns 19,186 shares of the company which operates as a wireless communications operator. These shares are currently valued at $2,463,000 and were acquired by the company by purchasing 824 additional shares during the previous quarter. Finally, during the first three months of the year, Financial Architects Inc. invested $251,000 to acquire a new stake in T-Mobile US. 45.24 institutional investors and hedge funds own one percent of the company’s shares.
The United States of America, Puerto Rico and the United States Virgin Islands are served by T-Mobile US, Inc. and its affiliates for mobile communications services. The company serves 108.7 million customers worldwide and caters to postpaid, prepaid and wholesale markets with its telephone, text messaging and Internet services. It sells wireless items like tablets, wearables and smartphones, as well as a wide range of mobile communication devices and accessories.