T-Mobile United States (NASDAQ:TMUS – Get a rating) had its price target raised by the Royal Bank of Canada from $152.00 to $158.00 in a report on Thursday, Fly reports. Royal Bank of Canada’s price target would indicate a potential upside of 15.02% from the company’s current price.
Several other brokerages also commented on TMUS. JPMorgan Chase & Co. set a price target of $180.00 on T-Mobile US shares in a Wednesday, June 1 research note. Scotiabank restated an “industry performance” rating and set a target price of $153.00 on T-Mobile US shares in a Tuesday, June 28 research report. Credit Suisse Group set a target price of $188.00 on T-Mobile US shares in a Monday, April 11 research report. Wolfe Research launched coverage on T-Mobile US stocks in a research report on Thursday, June 2. They set an “outperform” rating and a target price of $159.00 on the stock. Finally, Moffett Nathanson lowered his price target on T-Mobile US shares to $165.00 in a Wednesday, May 25 research report. One equity research analyst assigned the stock a sell rating, four assigned a hold rating, thirteen assigned a buy rating and two assigned a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and a consensus target price of $166.09.
T-Mobile US stock up 1.3%
TMUS stock opened at $137.37 on Thursday. The company’s 50-day moving average price is $131.72 and its 200-day moving average price is $125.53. The company has a debt ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.81. T-Mobile US has a fifty-two week low of $101.51 and a fifty-two week high of $150.20. The company has a market capitalization of $171.61 billion, a price-earnings ratio of 61.33, a PEG ratio of 1.71 and a beta of 0.48.
T-Mobile United States (NASDAQ:TMUS – Get a rating) last reported results on Wednesday, April 27. The wireless communications provider reported earnings per share of $0.57 for the quarter, beating analysts’ consensus estimate of $0.41 by $0.16. The company posted revenue of $20.12 billion for the quarter, versus analyst estimates of $20.14 billion. T-Mobile US had a net margin of 3.49% and a return on equity of 5.46%. The company’s quarterly revenue increased by 1.8% compared to the same quarter last year. In the same period a year earlier, the company earned earnings per share of $0.92. On average, equity research analysts expect T-Mobile US to post EPS of 2.75 for the current fiscal year.
Insider Buying and Selling at T-Mobile US
In other T-Mobile US CEO news Michael Sievert sold 20,000 shares of the company in a trade on Wednesday, May 11. The stock was sold at an average price of $121.99, for a total value of $2,439,800.00. Following the completion of the sale, the CEO now owns 674,472 shares of the company, valued at $82,278,839.28. The transaction was disclosed in an SEC filing, which is available via this hyperlink. 0.68% of the shares are held by insiders.
Institutional investors weigh in on T-Mobile US
Hedge funds and other institutional investors have recently been buying and selling shares of the company. Core Alternative Capital increased its position in T-Mobile US shares by 600.0% in the first quarter. Core Alternative Capital now owns 203 shares of the wireless communications provider valued at $26,000 after buying an additional 174 shares last quarter. Charter Oak Capital Management LLC bought a new position in T-Mobile US stock in the fourth quarter worth $29,000. Koshinski Asset Management Inc. increased its position in T-Mobile US shares by 48.5% in the first quarter. Koshinski Asset Management Inc. now owns 245 shares of the wireless communications provider valued at $31,000 after buying 80 more shares last quarter. San Luis Wealth Advisors LLC bought a new position in T-Mobile US stock in the first quarter worth $31,000. Finally, Steward Financial Group LLC bought a new position in T-Mobile US stock in the first quarter worth $32,000. Institutional investors and hedge funds hold 45.24% of the company’s shares.
T-Mobile USA Company Profile
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico and the US Virgin Islands. The company provides voice, messaging and data services to 108.7 million customers in postpaid, prepaid and wholesale markets. It also provides wireless devices, including smartphones, wearables, tablets and other mobile communication devices, as well as wireless devices and accessories.
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