Barclays Raises T-Mobile US (NASDAQ:TMUS) Price Target to $160.00

T-Mobile US (NASDAQ:TMUSGet Rating) had its price objective raised by Barclays from $150.00 to $160.00 in a report published on Thursday, The Fly reports. They currently have a maintains rating on the Wireless communications provider’s stock.

Other equities research analysts have also issued reports about the company. Raymond James lifted their price target on T-Mobile US from $158.00 to $160.00 and gave the company a strong-buy rating in a report on Friday, July 1st. Citigroup raised their price objective on T-Mobile US from $156.00 to $160.00 and gave the company a buy rating in a research note on Wednesday, July 20th. KeyCorp raised their price objective on T-Mobile US from $155.00 to $161.00 and gave the company an overweight rating in a research note on Monday, July 11th. Scotiabank raised T-Mobile US from a sector perform rating to a sector outperform rating and raised their price objective for the company from $153.00 to $167.00 in a research note on Thursday. Finally, Benchmark raised their price objective on T-Mobile US from $200.00 to $205.00 in a research note on Thursday, April 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $169.14.

T-Mobile US Stock Up 1.0 %

Shares of T-Mobile US stock opened at $143.06 on Thursday. The firm has a market cap of $178.72 billion, a price-to-earnings ratio of 63.87, a P/E/G ratio of 1.70 and a beta of 0.48. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.69. T-Mobile US has a 52-week low of $101.51 and a 52-week high of $145.46. The stock has a 50-day simple moving average of $134.09 and a 200-day simple moving average of $127.38.

T-Mobile US (NASDAQ:TMUSGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.50). The firm had revenue of $19.70 billion for the quarter, compared to analyst estimates of $20.08 billion. T-Mobile US had a net margin of 3.49% and a return on equity of 5.46%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 earnings per share. On average, equities research analysts expect that T-Mobile US will post 2.77 earnings per share for the current fiscal year.

Insider Activity at T-Mobile US

In related news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $121.99, for a total value of $2,439,800.00. Following the sale, the chief executive officer now owns 674,472 shares of the company’s stock, valued at approximately $82,278,839.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.68% of the stock is owned by insiders.

Institutional Trading of T-Mobile US

Several institutional investors have recently bought and sold shares of TMUS. Norges Bank acquired a new stake in T-Mobile US in the 4th quarter valued at $2,708,912,000. Parnassus Investments LLC acquired a new position in T-Mobile US in the first quarter worth $717,426,000. Dodge & Cox boosted its stake in T-Mobile US by 29.0% in the fourth quarter. Dodge & Cox now owns 16,463,259 shares of the Wireless communications provider’s stock worth $1,909,409,000 after purchasing an additional 3,701,674 shares in the last quarter. Vanguard Group Inc. boosted its stake in T-Mobile US by 8.2% in the first quarter. Vanguard Group Inc. now owns 47,085,538 shares of the Wireless communications provider’s stock worth $6,043,429,000 after purchasing an additional 3,553,049 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in T-Mobile US by 111.9% in the fourth quarter. Invesco Ltd. now owns 4,352,909 shares of the Wireless communications provider’s stock worth $504,849,000 after purchasing an additional 2,299,016 shares in the last quarter. Institutional investors and hedge funds own 45.24% of the company’s stock.

About T-Mobile US

(Get Rating)

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 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

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