T-Mobile US (NASDAQ:TMUS) PT Raised to $230.00 at KeyCorp

T-Mobile US (NASDAQ:TMUS) had its price target lifted by equities research analysts at KeyCorp from $190.00 to $230.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the Wireless communications provider’s stock. KeyCorp’s price objective would suggest a potential upside of 12.78% from the stock’s current price.

Several other analysts have also commented on the company. TD Cowen lifted their price objective on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Bank of America boosted their target price on T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Barclays lifted their target price on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Wells Fargo & Company raised their price objective on T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Tigress Financial increased their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $204.25.

T-Mobile US Price Performance

TMUS stock opened at $203.93 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. T-Mobile US has a 12 month low of $135.82 and a 12 month high of $205.28. The firm has a market capitalization of $237.94 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. The firm has a 50 day moving average of $190.15 and a 200-day moving average of $175.32.

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

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction on 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 directly owns 670,545,206 shares in the company, valued at approximately $117,922,079,927.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now owns 670,545,206 shares of the company’s stock, valued at $117,922,079,927.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the transaction, the director now owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. The disclosure for this sale can be found here. Over the last three months, insiders sold 840,336 shares of company stock worth $154,461,060. 0.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds have recently modified their holdings of the stock. Sei Investments Co. lifted its position in shares of T-Mobile US by 3.1% in the 4th quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock valued at $29,574,000 after acquiring an additional 5,552 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of T-Mobile US in the first quarter worth $1,908,000. Cardinal Capital Management Inc. purchased a new position in shares of T-Mobile US during the fourth quarter valued at $29,962,000. CFO4Life Group LLC purchased a new position in shares of T-Mobile US during the first quarter valued at $932,000. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in T-Mobile US by 26.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock worth $3,336,000 after acquiring an additional 4,253 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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.