T-Mobile US (NASDAQ:TMUS) Price Target Raised to $187.00

T-Mobile US (NASDAQ:TMUSGet Rating) had its target price raised by Cowen from $179.00 to $187.00 in a report issued on Thursday, The Fly reports.

A number of other brokerages have also recently commented on TMUS. Citigroup lifted their target price on shares of T-Mobile US from $156.00 to $160.00 and gave the company a buy rating in a report on Wednesday, July 20th. Benchmark boosted their price objective on shares of T-Mobile US from $200.00 to $205.00 in a research note on Thursday, April 28th. Raymond James boosted their price objective on shares of T-Mobile US from $158.00 to $160.00 and gave the company a strong-buy rating in a research note on Friday, July 1st. Royal Bank of Canada boosted their price objective on shares of T-Mobile US from $152.00 to $158.00 in a research note on Thursday, July 14th. Finally, JPMorgan Chase & Co. set a $180.00 price target on shares of T-Mobile US in a research note on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $169.14.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $143.06 on Thursday. The company’s 50-day moving average price is $134.09 and its 200-day moving average price is $127.38. The company has a current ratio of 0.81, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06. The company has a market cap of $178.72 billion, a P/E ratio of 63.87, a P/E/G ratio of 1.70 and a beta of 0.48. T-Mobile US has a twelve month low of $101.51 and a twelve month high of $145.46.

T-Mobile US (NASDAQ:TMUSGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The Wireless communications provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $19.70 billion during the quarter, compared to analyst estimates of $20.08 billion. During the same quarter last year, the firm posted $0.78 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, sell-side analysts forecast that T-Mobile US will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $121.99, for a total value of $2,439,800.00. Following the transaction, the chief executive officer now directly owns 674,472 shares in the company, valued at approximately $82,278,839.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TMUS. Compton Wealth Advisory Group LLC purchased a new position in shares of T-Mobile US during the 2nd quarter worth about $921,000. Heron Financial Group LLC lifted its holdings in shares of T-Mobile US by 7.7% during the 2nd quarter. Heron Financial Group LLC now owns 7,149 shares of the Wireless communications provider’s stock worth $962,000 after acquiring an additional 510 shares during the period. McIlrath & Eck LLC lifted its holdings in shares of T-Mobile US by 122.6% during the 2nd quarter. McIlrath & Eck LLC now owns 946 shares of the Wireless communications provider’s stock worth $127,000 after acquiring an additional 521 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co lifted its holdings in shares of T-Mobile US by 54.7% during the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 8,397 shares of the Wireless communications provider’s stock worth $1,130,000 after acquiring an additional 2,970 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of T-Mobile US by 164.5% during the 2nd quarter. SG Americas Securities LLC now owns 300,532 shares of the Wireless communications provider’s stock worth $40,434,000 after acquiring an additional 186,920 shares during the period. 45.24% of the stock is currently owned by hedge funds and other institutional investors.

About T-Mobile US

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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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