Barclays Reaffirms Buy Rating for T-Mobile US (NASDAQ:TMUS)

T-Mobile US (NASDAQ:TMUS)‘s stock had its “buy” rating restated by analysts at Barclays in a report released on Tuesday,MarketScreener reports.

Several other research analysts have also recently issued reports on TMUS. Williams Trading set a $263.00 target price on shares of T-Mobile US in a report on Friday, October 24th. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research report on Monday, December 15th. Deutsche Bank Aktiengesellschaft lifted their target price on T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. UBS Group reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, December 10th. Finally, Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $259.56.

T-Mobile US Stock Down 0.7%

Shares of TMUS traded down $1.36 during midday trading on Tuesday, hitting $190.66. The company had a trading volume of 5,449,134 shares, compared to its average volume of 4,750,640. T-Mobile US has a 1 year low of $188.12 and a 1 year high of $276.49. The firm has a market capitalization of $213.25 billion, a P/E ratio of 18.33, a P/E/G ratio of 1.07 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The company’s 50-day simple moving average is $203.41 and its 200-day simple moving average is $224.98.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same period in the prior year, the firm posted $2.61 EPS. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts expect that T-Mobile US will post 10.37 EPS for the current year.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the transaction, the director directly owned 582,220,759 shares of the company’s stock, valued at approximately $131,680,869,063.03. The trade was a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director G Michael Sievert sold 22,500 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the sale, the director directly owned 308,696 shares in the company, valued at $66,977,771.12. This trade represents a 6.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 399,619 shares of company stock worth $89,390,980 in the last ninety days. Insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Howard Hughes Medical Institute bought a new position in T-Mobile US in the 2nd quarter valued at $25,000. United Community Bank lifted its stake in shares of T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 59 shares in the last quarter. Elevation Wealth Partners LLC boosted its holdings in T-Mobile US by 190.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 76 shares during the period. Missouri Trust & Investment Co grew its stake in T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 105 shares in the last quarter. Finally, Aspect Partners LLC raised its holdings in T-Mobile US by 112.1% during the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 65 shares during the period. Institutional investors own 42.49% of the company’s stock.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.