T-Mobile US (NASDAQ:TMUS) Hits New 52-Week High Following Analyst Upgrade

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) reached a new 52-week high during trading on Monday after Morgan Stanley raised their price target on the stock from $191.00 to $209.00. Morgan Stanley currently has an overweight rating on the stock. T-Mobile US traded as high as $205.88 and last traded at $204.98, with a volume of 195944 shares traded. The stock had previously closed at $202.83.

Several other brokerages have also recently commented on TMUS. Barclays lifted their price objective on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Citigroup lifted their price objective on shares of T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Wells Fargo & Company lifted their price objective on shares of T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Benchmark lifted their price objective on shares of T-Mobile US from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, TD Cowen lifted their price objective on shares of T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $205.69.

Insider Buying and Selling

In other news, EVP Deeanne King sold 15,437 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the sale, the executive vice president now owns 35,588 shares of the company’s stock, valued at $6,761,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total transaction of $23,470,451.46. Following the transaction, the director now owns 670,545,206 shares of the company’s stock, valued at approximately $117,922,079,927.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Deeanne King sold 15,437 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the transaction, the executive vice president now directly owns 35,588 shares in the company, valued at approximately $6,761,720. The disclosure for this sale can be found here. In the last quarter, insiders sold 840,336 shares of company stock valued at $154,461,060. 0.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Compton Wealth Advisory Group LLC lifted its position in T-Mobile US by 0.4% in the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock valued at $2,644,000 after buying an additional 56 shares during the last quarter. Benjamin Edwards Inc. lifted its position in T-Mobile US by 0.7% in the second quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock valued at $1,468,000 after buying an additional 56 shares during the last quarter. Anfield Capital Management LLC lifted its position in T-Mobile US by 18.7% in the second quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock valued at $64,000 after buying an additional 57 shares during the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of T-Mobile US by 22.6% during the second quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock worth $55,000 after purchasing an additional 58 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its position in shares of T-Mobile US by 2.3% during the first quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock worth $464,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

The firm has a market cap of $237.53 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 0.74 and a beta of 0.51. 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 company’s 50-day moving average price is $191.16 and its 200-day moving average price is $175.90.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly 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 business had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 earnings per share. On average, equities research analysts forecast that T-Mobile US, Inc. will post 9.18 EPS for the current year.

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.