T-Mobile US (NASDAQ:TMUS) sets new 52-week high after analyst update

T-Mobile US, Inc. stock price (NASDAQ:TMUS – Get Free Report ) hit a new 52-week high on Monday after Morgan Stanley raised their price target on the stock from $191.00 to $209.00. Morgan Stanley currently has an overweight rating on the stock. T-Mobile US traded as high as $205.88 and last traded at $204.98 with a volume of 195944 shares. Shares previously closed at $202.83.

Several other research firms have also commented on TMUS. Deutsche Bank Aktiengesellschaft boosted their target price on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Benchmark upped their target price on T-Mobile US from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company boosted their price objective on shares of T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Finally, Scotiabank upped their target price on shares of T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a research note on Thursday. August 1st. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. T-Mobile US has a consensus rating of “Buy” and a consensus price target of $205.69, according to MarketBeat.

See our latest report on TMUS

Transactions within T-Mobile US

In related news, director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $176.47, for a total value of $23,551,862.67. Following the completion of the transaction, the director now owns 670,945,589 shares in the company, valued at approximately $118,401,768,090.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, Director Raul Marcelo Claure sold 9,586 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total value of $1,888,058.56. Following the completion of the sale, the director now owns 1,940,792 shares in the company, valued at $382,258,392.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $176.47, for a total value of $23,551,862.67. Following the completion of the sale, the director now directly owns 670,945,589 shares of the company’s stock, valued at approximately $118,401,768,090.83. The disclosure for this sale can be found here. Insiders have sold 840,336 shares of company stock worth $154,461,060 in the last three months. Company insiders own 0.67% of the company’s shares.

Institutional investors are weighing in on T-Mobile US

Several hedge funds have recently bought and sold shares of TMUS. WASHINGTON TRUST Co lifted its position in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. YD More Investments Ltd purchased a new stake in shares of T-Mobile US during the second quarter valued at $27,000. Summit Securities Group LLC acquired a new position in shares of T-Mobile US in the second quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of T-Mobile US in the second quarter valued at $30,000. Finally, Westside Investment Management Inc. boosted its holdings in shares of T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 75 shares during the last quarter. 42.49% of the shares are held by hedge funds and other institutional investors.

T-Mobile USA Price Performance

The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78, and a current ratio of 0.84. The company has a market cap of $240.18 billion, a PE ratio of 28.01, a P/E/G ratio of 0.74 and a beta of 0.51. The stock has a 50-day moving average of $190.68 and a two-hundred-day moving average of $175.62.

T-Mobile US (NASDAQ:TMUS – Get Free Report ) last posted its earnings results on Wednesday, July 31st. The wireless communications provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.22. The company had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company’s revenue was up 3.0% compared to the same quarter last year. In the same period last year, the company earned $1.86 per share. Equities analysts estimate that T-Mobile US, Inc. will post 9.18 earnings per share for the current year.

T-Mobile US company profile

(Get a free report)

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 provides voice, messaging and data services to customers in postpaid, prepaid and wholesale and other services. It also provides wireless devices, including smartphones, handheld devices, tablets, home broadband routers and other mobile communications 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 request; and high speed internet services.

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