Morgan Stanley Increases T-Mobile US (NASDAQ:TMUS) Price Target to $239.00

T-Mobile US (NASDAQ:TMUS) had its target price boosted by investment analysts at Morgan Stanley from $209.00 to $239.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the Wireless communications provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 4.91% from the company’s previous close.

Several other brokerages have also commented on TMUS. Royal Bank of Canada raised their price objective on T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a report on Friday. Bank of America lifted their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group upped their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Evercore ISI boosted their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Citigroup lifted their price target on T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $241.83.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $227.81 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The company has a 50 day moving average price of $206.73 and a 200-day moving average price of $186.05. T-Mobile US has a 1-year low of $139.47 and a 1-year high of $234.56. The firm has a market cap of $266.96 billion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 1.15 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter in the previous year, the company earned $1.82 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts forecast that T-Mobile US will post 9.22 EPS for the current year.

Insider Buying and Selling

In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the transaction, the insider now directly owns 162,628 shares in the company, valued at $29,577,154.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the transaction, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 132,309 shares of T-Mobile US stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the sale, the director now directly owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 349,261 shares of company stock valued at $69,411,130. Company insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

Institutional investors and hedge funds have recently bought and sold shares of the business. DT Investment Partners LLC increased its position in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares during the period. MFA Wealth Advisors LLC raised its stake in shares of T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares during the last quarter. WASHINGTON TRUST Co lifted its holdings in shares of T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares during the period. Y.D. More Investments Ltd purchased a new position in T-Mobile US in the 2nd quarter valued at $27,000. Finally, Summit Securities Group LLC acquired a new position in T-Mobile US in the 2nd quarter valued at $27,000. 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.