T-Mobile US (NASDAQ:TMUS) Stock Price Expected to Rise, Tigress Financial Analyst Says

T-Mobile US (NASDAQ:TMUS) had its target price raised by research analysts at Tigress Financial from $235.00 to $280.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the Wireless communications provider’s stock. Tigress Financial’s target price would indicate a potential upside of 13.39% from the stock’s previous close.

Several other research analysts also recently issued reports on TMUS. The Goldman Sachs Group raised their price objective 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. Citigroup increased their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. KeyCorp upped their price objective on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Bank of America increased their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Raymond James cut T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.33.

T-Mobile US Stock Up 0.3 %

Shares of NASDAQ TMUS opened at $246.94 on Monday. The business has a 50-day moving average price of $223.98 and a 200 day moving average price of $198.25. The stock has a market cap of $286.57 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 1.26 and a beta of 0.50. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US has a 52-week low of $148.19 and a 52-week high of $248.15.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.82 earnings per share. Equities research analysts forecast that T-Mobile US will post 9.38 earnings per share for the current year.

Insider Transactions at T-Mobile US

In related news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the transaction, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction on Monday, September 9th. The shares were 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 directly owns 1,824,632 shares in the company, valued at $357,627,872. This trade represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,750 shares of company stock valued at $72,863,634 in the last quarter. 0.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its position in shares of T-Mobile US by 21,580.9% in the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after purchasing an additional 248,828 shares during the last quarter. Swedbank AB lifted its stake in T-Mobile US by 5.1% in the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after buying an additional 12,411 shares in the last quarter. Raymond James Trust N.A. grew its holdings in T-Mobile US by 55.2% during the 3rd quarter. Raymond James Trust N.A. now owns 35,752 shares of the Wireless communications provider’s stock valued at $7,378,000 after buying an additional 12,712 shares during the last quarter. Victory Capital Management Inc. increased its position in T-Mobile US by 0.9% during the third quarter. Victory Capital Management Inc. now owns 937,085 shares of the Wireless communications provider’s stock worth $193,377,000 after buying an additional 8,101 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of T-Mobile US by 13.6% in the second quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock worth $37,184,000 after acquiring an additional 25,217 shares during the last quarter. Institutional investors and hedge funds 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.