T-Mobile US (NASDAQ:TMUS) Stock Price Expected to Rise, Morgan Stanley Analyst Says

T-Mobile US (NASDAQ:TMUS) had its price target lifted by research analysts at Morgan Stanley from $265.00 to $280.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the Wireless communications provider’s stock. Morgan Stanley’s price objective points to a potential upside of 23.88% from the company’s current price.

A number of other research analysts have also issued reports on the stock. Redburn Atlantic upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Tigress Financial increased their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Wall Street Zen lowered shares of T-Mobile US from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Bank of America initiated coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a “neutral” rating and a $255.00 price target on the stock. Finally, Royal Bank Of Canada increased their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $252.61.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $226.02 on Wednesday. The company’s 50 day moving average price is $236.49 and its two-hundred day moving average price is $243.73. T-Mobile US has a 12-month low of $173.74 and a 12-month high of $276.49. The firm has a market cap of $256.63 billion, a PE ratio of 22.05, a PEG ratio of 1.27 and a beta of 0.62. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same quarter in the prior year, the business posted $2.00 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts predict that T-Mobile US will post 10.37 earnings per share for the current year.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 907,470 shares of company stock worth $209,055,386 in the last ninety days. 0.37% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TMUS. Wellington Management Group LLP raised its position in T-Mobile US by 1.7% in the first quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider’s stock worth $3,426,407,000 after acquiring an additional 214,224 shares during the period. Geode Capital Management LLC raised its position in T-Mobile US by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider’s stock worth $2,610,542,000 after acquiring an additional 90,755 shares during the period. Invesco Ltd. raised its position in T-Mobile US by 4.6% in the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider’s stock worth $1,944,503,000 after acquiring an additional 384,956 shares during the period. Norges Bank bought a new stake in T-Mobile US in the fourth quarter worth about $1,802,393,000. Finally, Canada Pension Plan Investment Board raised its position in T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after acquiring an additional 864,030 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

About T-Mobile US

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 offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication 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 Demand; and High Speed Internet services.