T-Mobile US Inc (TMUS) Given New $70.00 Price Target at Barclays PLC
T-Mobile US Inc (NASDAQ:TMUS) had its price target boosted by analysts at Barclays PLC from $65.00 to $70.00 in a report issued on Monday. The firm currently has an “overweight” rating on the stock. Barclays PLC’s price target indicates a potential upside of 10.92% from the stock’s previous close.
A number of other equities research analysts have also recently commented on the company. Instinet increased their target price on T-Mobile US from $46.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 7th. Evercore ISI started coverage on T-Mobile US in a research note on Monday, January 30th. They issued a “buy” rating on the stock. Morgan Stanley reissued an “overweight” rating on shares of T-Mobile US in a research note on Friday, December 16th. Wells Fargo & Co reissued an “outperform” rating on shares of T-Mobile US in a research note on Sunday, January 8th. Finally, Moffett Nathanson downgraded T-Mobile US from a “buy” rating to a “neutral” rating in a report on Tuesday, January 10th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $59.35.
Shares of T-Mobile US (NASDAQ:TMUS) traded down 0.61% during midday trading on Monday, reaching $63.11. The company had a trading volume of 2,092,661 shares. T-Mobile US has a 1-year low of $36.27 and a 1-year high of $65.41. The company’s 50-day moving average is $62.10 and its 200-day moving average is $54.60. The stock has a market capitalization of $52.16 billion, a PE ratio of 37.34 and a beta of 0.71.
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T-Mobile US (NASDAQ:TMUS) last released its earnings results on Tuesday, February 14th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.16. T-Mobile US had a return on equity of 7.21% and a net margin of 3.87%. The firm had revenue of $10.20 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same period in the prior year, the firm posted $0.34 earnings per share. The company’s quarterly revenue was up 23.4% on a year-over-year basis. On average, equities research analysts forecast that T-Mobile US will post $1.79 EPS for the current year.
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In other T-Mobile US news, Director W Michael Barnes sold 22,500 shares of the firm’s stock in a transaction that occurred on Friday, December 30th. The stock was sold at an average price of $57.86, for a total transaction of $1,301,850.00. Following the completion of the transaction, the director now owns 113,267 shares in the company, valued at approximately $6,553,628.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Christopher Keys sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $60.31, for a total value of $6,031,000.00. Following the transaction, the insider now owns 455,876 shares of the company’s stock, valued at approximately $27,493,881.56. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in TMUS. Suffolk Capital Management LLC purchased a new position in T-Mobile US during the third quarter valued at $12,593,000. Advisors Asset Management Inc. boosted its position in shares of T-Mobile US by 68.5% in the third quarter. Advisors Asset Management Inc. now owns 48,390 shares of the company’s stock worth $2,261,000 after buying an additional 19,680 shares during the period. Virginia Retirement Systems ET AL bought a new position in shares of T-Mobile US during the third quarter worth approximately $17,062,000. Credit Capital Investments LLC bought a new position in shares of T-Mobile US during the third quarter worth approximately $467,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of T-Mobile US by 2.4% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,373 shares of the company’s stock worth $1,933,000 after buying an additional 981 shares during the period. Institutional investors and hedge funds own 33.17% of the company’s stock.
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