Tigress Financial Forecasts Strong Price Appreciation for T-Mobile US (NASDAQ:TMUS) Stock

T-Mobile US (NASDAQ:TMUS) had its price target boosted by research analysts at Tigress Financial from $280.00 to $290.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the Wireless communications provider’s stock. Tigress Financial’s target price suggests a potential upside of 17.77% from the stock’s current price.

A number of other equities research analysts have also commented on TMUS. Morgan Stanley started coverage on T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective for the company. Wells Fargo & Company raised their price target on shares of T-Mobile US from $220.00 to $235.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, KeyCorp downgraded shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target on the stock. in a research note on Thursday, December 12th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.79.

T-Mobile US Stock Performance

T-Mobile US stock opened at $246.24 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The company has a market cap of $285.76 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 1.38 and a beta of 0.56. T-Mobile US has a fifty-two week low of $158.84 and a fifty-two week high of $250.50. The firm’s 50 day simple moving average is $225.97 and its 200-day simple moving average is $214.95.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, equities research analysts predict that T-Mobile US will post 10.18 EPS for the current year.

Insider Buying and Selling

In related news, Director Andre Almeida acquired 3,808 shares of the stock in a transaction dated Monday, December 9th. The shares were acquired at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the purchase, the director now owns 3,808 shares in the company, valued at approximately $897,621.76. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,100 shares of company stock worth $5,501,978 in the last quarter. 0.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TMUS. Raymond James Financial Inc. bought a new position in T-Mobile US during the fourth quarter valued at about $452,721,000. FMR LLC increased its position in shares of T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after purchasing an additional 1,522,394 shares during the period. Barclays PLC lifted its position in T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after purchasing an additional 876,182 shares during the period. Proficio Capital Partners LLC boosted its stake in T-Mobile US by 31,353.2% during the fourth quarter. Proficio Capital Partners LLC now owns 635,040 shares of the Wireless communications provider’s stock worth $140,172,000 after buying an additional 633,021 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock valued at $3,203,642,000 after buying an additional 602,786 shares during the period. Institutional investors own 42.49% of the company’s stock.

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.