T-Mobile US (NASDAQ:TMUS) Price Target Increased to $230.00 by Analysts at KeyCorp

T-Mobile US (NASDAQ:TMUS) had its target price increased by KeyCorp from $190.00 to $230.00 in a research note published on Monday morning, Benzinga reports. The firm currently has an overweight rating on the Wireless communications provider’s stock.

A number of other equities research analysts have also issued reports on the stock. TD Cowen increased their price objective on shares of T-Mobile US from $202.00 to $216.00 and gave the company a buy rating in a report on Thursday, August 1st. Barclays upped their target price on T-Mobile US from $180.00 to $200.00 and gave the company an overweight rating in a research note on Thursday, August 1st. Wells Fargo & Company upped their price objective on T-Mobile US from $200.00 to $230.00 and gave the company an overweight rating in a research report on Thursday, September 12th. StockNews.com raised shares of T-Mobile US from a hold rating to a buy rating in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a buy rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US currently has an average rating of Buy and an average target price of $205.69.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $205.85 on Monday. The firm’s 50 day moving average price is $190.68 and its 200-day moving average price is $175.62. T-Mobile US has a twelve month low of $135.82 and a twelve month high of $206.30. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $240.18 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.22. The company had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 EPS. Equities research analysts expect that T-Mobile US will post 9.18 EPS for the current year.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $178.04, for a total transaction of $23,761,396.44. Following the sale, the director now owns 670,812,128 shares of the company’s stock, valued at $119,431,391,269.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $178.04, for a total value of $23,761,396.44. Following the transaction, the director now owns 670,812,128 shares of the company’s stock, valued at $119,431,391,269.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the transaction, the insider now directly owns 122,687 shares in the company, valued at approximately $21,787,984.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 840,336 shares of company stock valued at $154,461,060. 0.67% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

Hedge funds have recently made changes to their positions in the business. Sei Investments Co. boosted its stake in shares of T-Mobile US by 3.1% during the fourth quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock worth $29,574,000 after buying an additional 5,552 shares during the period. GSA Capital Partners LLP acquired a new stake in T-Mobile US in the first quarter valued at about $1,908,000. Cardinal Capital Management Inc. acquired a new stake in T-Mobile US in the fourth quarter valued at about $29,962,000. CFO4Life Group LLC purchased a new position in T-Mobile US in the first quarter valued at about $932,000. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in T-Mobile US by 26.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock valued at $3,336,000 after buying an additional 4,253 shares in the last quarter. Institutional investors and hedge funds 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.