Bank of America Increases T-Mobile US (NASDAQ:TMUS) Price Target to $255.00

T-Mobile US (NASDAQ:TMUS) had its price target upped by equities research analysts at Bank of America from $240.00 to $255.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the Wireless communications provider’s stock. Bank of America‘s price target suggests a potential upside of 9.46% from the company’s current price.

TMUS has been the subject of several other research reports. Tigress Financial upped their price target on shares of T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Scotiabank increased their target price on T-Mobile US from $234.00 to $247.00 and gave the stock a “sector perform” rating in a research report on Thursday. Barclays boosted their price target on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Benchmark restated a “buy” rating and issued a $255.00 price objective on shares of T-Mobile US in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $250.21.

T-Mobile US Trading Down 0.6 %

Shares of T-Mobile US stock opened at $232.97 on Thursday. The firm has a market cap of $270.36 billion, a PE ratio of 24.09, a P/E/G ratio of 1.17 and a beta of 0.56. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US has a fifty-two week low of $158.84 and a fifty-two week high of $248.15. The business’s fifty day moving average is $226.32 and its two-hundred day moving average is $212.97.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.00% and a net margin of 13.93%. Analysts anticipate that T-Mobile US will post 10.15 earnings per share for the current year.

Insider Activity at T-Mobile US

In other news, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the transaction, the director now directly owns 5,021 shares in the company, valued at approximately $1,241,140.99. This trade represents a 16.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,200 shares of company stock valued at $32,736,303 over the last three months. 0.67% of the stock is owned by insiders.

Institutional Investors Weigh In On T-Mobile US

A number of hedge funds have recently added to or reduced their stakes in the stock. Susquehanna Fundamental Investments LLC acquired a new position in T-Mobile US during the 2nd quarter valued at about $863,000. EP Wealth Advisors LLC boosted its position in shares of T-Mobile US by 13.9% during the second quarter. EP Wealth Advisors LLC now owns 5,906 shares of the Wireless communications provider’s stock worth $1,040,000 after buying an additional 721 shares during the period. Advisory Alpha LLC boosted its position in shares of T-Mobile US by 5.9% during the second quarter. Advisory Alpha LLC now owns 1,419 shares of the Wireless communications provider’s stock worth $250,000 after buying an additional 79 shares during the period. New Century Financial Group LLC bought a new position in T-Mobile US in the 2nd quarter worth approximately $234,000. Finally, Sanctuary Advisors LLC bought a new stake in T-Mobile US during the 2nd quarter valued at $12,095,000. 42.49% of the stock is currently owned by institutional investors.

About T-Mobile US

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 customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.