Moffett Nathanson Boosts T-Mobile US (NASDAQ:TMUS) Price Target to $246.00

T-Mobile US (NASDAQ:TMUS) had its price objective boosted by stock analysts at Moffett Nathanson from $242.00 to $246.00 in a research report issued on Tuesday. The firm presently has a “buy” rating on the Wireless communications provider’s stock. Moffett Nathanson’s target price indicates a potential upside of 48.50% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. KeyCorp dropped their price objective on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. UBS Group cut their price target on T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Barclays decreased their price objective on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a report on Monday, July 6th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of T-Mobile US in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $251.16.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $165.66 on Tuesday. The company has a market capitalization of $177.70 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 1.04 and a beta of 0.34. The company’s 50-day moving average is $179.69 and its 200 day moving average is $188.35. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. T-Mobile US has a fifty-two week low of $161.14 and a fifty-two week high of $242.37.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.84 earnings per share. On average, equities research analysts forecast that T-Mobile US will post 10.82 earnings per share for the current year.

Insider Activity at T-Mobile US

In related news, CAO Daniel James Drobac sold 772 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the transaction, the chief accounting officer owned 35,118 shares of the company’s stock, valued at approximately $6,262,592.94. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lansforsakringar Fondforvaltning AB publ grew its stake in T-Mobile US by 14.6% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider’s stock worth $39,354,000 after buying an additional 23,836 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its position in shares of T-Mobile US by 34.8% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider’s stock valued at $12,593,000 after buying an additional 15,495 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of T-Mobile US by 32.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider’s stock worth $62,370,000 after acquiring an additional 72,922 shares during the last quarter. Liontrust Investment Partners LLP grew its position in T-Mobile US by 46.0% in the first quarter. Liontrust Investment Partners LLP now owns 57,402 shares of the Wireless communications provider’s stock worth $12,056,000 after acquiring an additional 18,075 shares in the last quarter. Finally, Entropy Technologies LP grew its position in T-Mobile US by 105.9% in the fourth quarter. Entropy Technologies LP now owns 36,117 shares of the Wireless communications provider’s stock worth $7,333,000 after acquiring an additional 18,573 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Company Profile

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.