Moffett Nathanson Upgrades T-Mobile US (NASDAQ:TMUS) to Buy

T-Mobile US (NASDAQ:TMUS) was upgraded by equities research analysts at Moffett Nathanson from a “neutral” rating to a “buy” rating in a report issued on Wednesday,Finviz reports. The firm presently has a $254.00 target price on the Wireless communications provider’s stock. Moffett Nathanson’s target price points to a potential upside of 26.66% from the stock’s previous close.

A number of other brokerages have also recently weighed in on TMUS. Weiss Ratings cut shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Barclays raised their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research report on Friday, February 13th. BNP Paribas Exane decreased their target price on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Finally, Citigroup raised their target price on shares of T-Mobile US from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $258.30.

T-Mobile US Trading Up 1.0%

Shares of TMUS opened at $200.54 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $209.86 and a 200-day simple moving average of $209.76. T-Mobile US has a 1-year low of $181.36 and a 1-year high of $267.96. The stock has a market cap of $220.97 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 1.32 and a beta of 0.43.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 3,291 shares of T-Mobile US stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total value of $727,640.10. Following the transaction, the director owned 1,038 shares in the company, valued at $229,501.80. This trade represents a 76.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Raul Marcelo Claure sold 550,000 shares of T-Mobile US stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the transaction, the director owned 891,204 shares in the company, valued at approximately $193,899,254.28. This trade represents a 38.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 694,134 shares of company stock valued at $150,847,799 in the last 90 days. Insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds have recently made changes to their positions in the stock. Old North State Trust LLC boosted its holdings in shares of T-Mobile US by 9.1% in the 4th quarter. Old North State Trust LLC now owns 5,469 shares of the Wireless communications provider’s stock valued at $1,110,000 after purchasing an additional 458 shares during the last quarter. Cornerstone Planning LLC acquired a new position in shares of T-Mobile US in the 4th quarter valued at $2,723,000. Rockefeller Capital Management L.P. boosted its holdings in shares of T-Mobile US by 46.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 54,643 shares of the Wireless communications provider’s stock valued at $11,095,000 after purchasing an additional 17,453 shares during the last quarter. World Investment Advisors boosted its holdings in shares of T-Mobile US by 71.5% in the 4th quarter. World Investment Advisors now owns 3,664 shares of the Wireless communications provider’s stock valued at $744,000 after purchasing an additional 1,528 shares during the last quarter. Finally, Winthrop Partners WNY LLC acquired a new position in shares of T-Mobile US in the 4th quarter valued at $409,000. Institutional investors and hedge funds 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.