T-Mobile US (NASDAQ:TMUS) Given New $159.00 Price Target at Morgan Stanley

T-Mobile US (NASDAQ:TMUSGet Rating) had its price objective increased by Morgan Stanley from $155.00 to $159.00 in a report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has an overweight rating on the Wireless communications provider’s stock.

TMUS has been the topic of several other research reports. Citigroup upped their price target 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. Deutsche Bank Aktiengesellschaft upped their price objective on T-Mobile US from $185.00 to $190.00 in a report on Tuesday, July 19th. Moffett Nathanson dropped their price objective on T-Mobile US to $165.00 in a report on Wednesday, May 25th. Raymond James upped their price objective 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. Finally, JPMorgan Chase & Co. set a $180.00 price objective on T-Mobile US in a report on Wednesday, June 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US currently has an average rating of Moderate Buy and a consensus price target of $169.14.

T-Mobile US Trading Up 1.0 %

Shares of TMUS opened at $143.06 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. T-Mobile US has a 12-month low of $101.51 and a 12-month high of $145.46. The firm has a market capitalization of $178.72 billion, a PE ratio of 63.87, a price-to-earnings-growth ratio of 1.70 and a beta of 0.48. The stock’s fifty day simple moving average is $134.09 and its 200-day simple moving average is $127.38.

T-Mobile US (NASDAQ:TMUSGet Rating) last issued 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). T-Mobile US had a net margin of 3.49% and a return on equity of 5.46%. The firm had revenue of $19.70 billion for the quarter, compared to analyst estimates of $20.08 billion. During the same period last year, the company earned $0.78 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. As a group, research analysts predict that T-Mobile US will post 2.77 earnings per share for the current year.

Insider Transactions at T-Mobile US

In other news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $121.99, for a total transaction of $2,439,800.00. Following the completion of the transaction, the chief executive officer now directly owns 674,472 shares of the company’s stock, valued at $82,278,839.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Core Alternative Capital boosted its position in T-Mobile US by 600.0% during the first quarter. Core Alternative Capital now owns 203 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 174 shares during the last quarter. Charter Oak Capital Management LLC acquired a new position in T-Mobile US during the fourth quarter valued at approximately $29,000. Venture Visionary Partners LLC acquired a new position in T-Mobile US during the second quarter valued at approximately $30,000. Koshinski Asset Management Inc. boosted its position in T-Mobile US by 48.5% during the first quarter. Koshinski Asset Management Inc. now owns 245 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 80 shares during the last quarter. Finally, San Luis Wealth Advisors LLC acquired a new position in T-Mobile US during the first quarter valued at approximately $31,000. 45.24% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

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