T-Mobile US (NASDAQ:TMUS) Upgraded at Bank of America

T-Mobile US (NASDAQ:TMUS) was upgraded by equities research analysts at Bank of America from a “neutral” rating to a “buy” rating in a research note issued on Monday,Benzinga reports. The brokerage currently has a $220.00 target price on the Wireless communications provider’s stock. Bank of America‘s price objective indicates a potential upside of 23.93% from the company’s current price.

Several other analysts also recently commented on TMUS. The Goldman Sachs Group restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Royal Bank Of Canada cut their price target on T-Mobile US from $255.00 to $240.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Oppenheimer raised T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective for the company in a research note on Wednesday, April 29th. Citigroup boosted their price objective on T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Finally, Freedom Capital raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $258.92.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $177.52 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $192.11 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.03 and a beta of 0.33. The firm has a fifty day simple moving average of $186.09 and a two-hundred day simple moving average of $197.09. T-Mobile US has a 12 month low of $165.66 and a 12 month high of $261.56.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The firm had revenue of $23.11 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same period in the previous year, the firm posted $2.58 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. Analysts expect that T-Mobile US will post 10.65 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Andre Almeida bought 5,097 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average price of $196.18 per share, with a total value of $999,929.46. Following the completion of the transaction, the insider directly owned 44,850 shares in the company, valued at approximately $8,798,673. This represents a 12.82% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael J. Katz sold 5,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $195.81, for a total value of $979,050.00. Following the sale, the insider owned 181,930 shares of the company’s stock, valued at $35,623,713.30. This trade represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds have recently bought and sold shares of the company. CYBER HORNET ETFs LLC raised its holdings in shares of T-Mobile US by 3.8% in the third quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider’s stock valued at $316,000 after purchasing an additional 48 shares during the last quarter. Tevis Investment Management boosted its holdings in T-Mobile US by 3.0% during the third quarter. Tevis Investment Management now owns 1,688 shares of the Wireless communications provider’s stock worth $404,000 after purchasing an additional 49 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in T-Mobile US by 16.2% during the fourth quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider’s stock worth $71,000 after purchasing an additional 49 shares during the last quarter. Wellspring Financial Advisors LLC grew its position in T-Mobile US by 4.3% in the 4th quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider’s stock worth $259,000 after purchasing an additional 52 shares in the last quarter. Finally, Tcfg Wealth Management LLC grew its position in T-Mobile US by 5.6% in the 3rd quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider’s stock worth $239,000 after purchasing an additional 53 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.