T-Mobile US, Inc. (NASDAQ:TMUS) Given Average Rating of “Moderate Buy” by Brokerages

Posted by Defense World Staff on May 6th, 2023

T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) has earned an average recommendation of “Moderate Buy” from the twenty-two analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $180.95.

A number of analysts have recently issued reports on TMUS shares. Raymond James boosted their target price on T-Mobile US from $174.00 to $184.00 in a report on Friday, April 28th. Benchmark increased their price objective on shares of T-Mobile US from $197.00 to $200.00 in a research report on Friday, April 28th. UBS Group set a $180.00 price target on shares of T-Mobile US in a research report on Thursday, February 2nd. Wells Fargo & Company increased their price target on T-Mobile US from $160.00 to $165.00 in a report on Friday, April 28th. Finally, Royal Bank of Canada set a $172.00 price objective on T-Mobile US in a research note on Wednesday, March 15th.

Insider Buying and Selling

In other T-Mobile US news, insider Callie R. Field sold 5,381 shares of the stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $145.59, for a total transaction of $783,419.79. Following the transaction, the insider now directly owns 112,761 shares in the company, valued at approximately $16,416,873.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Callie R. Field sold 5,381 shares of the company’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $145.59, for a total value of $783,419.79. Following the sale, the insider now owns 112,761 shares in the company, valued at approximately $16,416,873.99. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Teresa Taylor sold 11,000 shares of the stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $147.63, for a total transaction of $1,623,930.00. Following the transaction, the director now directly owns 23,202 shares in the company, valued at approximately $3,425,311.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 118,178 shares of company stock worth $17,045,140. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Large investors have recently added to or reduced their stakes in the company. Aspire Private Capital LLC bought a new position in shares of T-Mobile US in the 1st quarter worth about $20,422,440,000. Phocas Financial Corp. acquired a new stake in shares of T-Mobile US during the 4th quarter worth approximately $28,000. Winch Advisory Services LLC lifted its holdings in shares of T-Mobile US by 215.4% in the 4th quarter. Winch Advisory Services LLC now owns 205 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 140 shares during the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in T-Mobile US during the 4th quarter valued at approximately $29,000. Finally, Creative Capital Management Investments LLC bought a new position in T-Mobile US during the 1st quarter worth $30,000. 42.86% of the stock is currently owned by institutional investors.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $143.56 on Friday. T-Mobile US has a fifty-two week low of $120.90 and a fifty-two week high of $154.38. The firm’s 50 day moving average is $144.95 and its two-hundred day moving average is $145.38. The company has a market cap of $172.47 billion, a P/E ratio of 46.76, a P/E/G ratio of 1.12 and a beta of 0.56. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.12.

T-Mobile US (NASDAQ:TMUS – Get Rating) last issued its earnings results on Thursday, April 27th. The Wireless communications provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.10. T-Mobile US had a return on equity of 8.27% and a net margin of 4.83%. The business had revenue of $19.63 billion for the quarter, compared to analyst estimates of $19.82 billion. During the same period last year, the company posted $0.57 EPS. The business’s quarterly revenue was down 2.4% on a year-over-year basis. Analysts expect that T-Mobile US will post 6.95 EPS for the current year.

About T-Mobile US

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T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.