Tigress Financial Forecasts Strong Price Appreciation for T-Mobile US (NASDAQ:TMUS) Stock

T-Mobile US (NASDAQ:TMUS) had its price objective increased by Tigress Financial from $235.00 to $280.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the Wireless communications provider’s stock. Tigress Financial’s price target points to a potential upside of 14.36% from the stock’s current price.

TMUS has been the subject of several other reports. Bank of America lifted their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group lifted their price objective on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Evercore ISI boosted their price target on T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Daiwa America raised T-Mobile US to a “hold” rating in a report on Friday, October 25th. Finally, Raymond James cut T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $244.33.

T-Mobile US Stock Up 0.0 %

T-Mobile US stock opened at $244.85 on Monday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US has a 1-year low of $151.38 and a 1-year high of $248.15. The company has a market cap of $284.15 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 1.25 and a beta of 0.53. The stock’s 50 day moving average price is $225.69 and its 200 day moving average price is $199.40.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. T-Mobile US’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.82 earnings per share. On average, sell-side analysts predict that T-Mobile US will post 9.38 EPS for the current fiscal year.

Insider Transactions at T-Mobile US

In other news, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the sale, the director now owns 1,824,632 shares of the company’s stock, valued at $357,627,872. This represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the sale, the director now directly owns 5,021 shares of the company’s stock, valued at $1,241,140.99. The trade was a 16.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 342,750 shares of company stock valued at $73,356,824 over the last quarter. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. KPP Advisory Services LLC boosted its holdings in T-Mobile US by 2.6% in the third quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock valued at $360,000 after purchasing an additional 45 shares during the last quarter. DT Investment Partners LLC boosted its holdings in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares during the last quarter. Old North State Trust LLC boosted its holdings in T-Mobile US by 1.4% in the third quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider’s stock valued at $751,000 after purchasing an additional 50 shares during the last quarter. Davis Investment Partners LLC boosted its holdings in T-Mobile US by 0.6% in the third quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock valued at $1,711,000 after purchasing an additional 51 shares during the last quarter. Finally, Barden Capital Management Inc. raised its stake in T-Mobile US by 0.8% during the third quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock valued at $1,408,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

About T-Mobile US

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.