KeyCorp Raises T-Mobile US (NASDAQ:TMUS) Price Target to $185.00

T-Mobile US (NASDAQ:TMUS) had its price objective lifted by investment analysts at KeyCorp from $175.00 to $185.00 in a report released on Friday, Benzinga reports. The firm currently has an “overweight” rating on the Wireless communications provider’s stock. KeyCorp’s price target would indicate a potential upside of 12.77% from the company’s current price.

A number of other brokerages also recently issued reports on TMUS. Morgan Stanley boosted their price target on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Citigroup boosted their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Tigress Financial boosted their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Benchmark restated a “buy” rating and issued a $200.00 price target on shares of T-Mobile US in a research report on Friday, January 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $184.00 target price on shares of T-Mobile US in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $186.60.

T-Mobile US Trading Down 0.1 %

TMUS opened at $164.05 on Friday. T-Mobile US has a fifty-two week low of $124.92 and a fifty-two week high of $168.64. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a market capitalization of $194.71 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 0.68 and a beta of 0.49. The company’s 50 day moving average price is $162.44 and its two-hundred day moving average price is $156.81.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The firm had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same period in the previous year, the firm posted $1.58 EPS. The company’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, research analysts predict that T-Mobile US will post 8.83 earnings per share for the current year.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $162.58, for a total value of $30,836,548.60. Following the completion of the sale, the director now owns 678,865,721 shares in the company, valued at approximately $110,369,988,920.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other T-Mobile US news, insider Callie R. Field sold 5,844 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the sale, the insider now directly owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $162.58, for a total transaction of $30,836,548.60. Following the sale, the director now directly owns 678,865,721 shares in the company, valued at $110,369,988,920.18. The disclosure for this sale can be found here. Insiders sold a total of 5,800,979 shares of company stock worth $940,632,554 in the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On T-Mobile US

Institutional investors and hedge funds have recently modified their holdings of the company. Private Wealth Management Group LLC purchased a new stake in shares of T-Mobile US in the fourth quarter worth about $27,000. Westside Investment Management Inc. lifted its holdings in shares of T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 75 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in shares of T-Mobile US by 232.1% in the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 123 shares in the last quarter. BluePath Capital Management LLC purchased a new stake in shares of T-Mobile US in the third quarter worth about $26,000. Finally, Baker Avenue Asset Management LP lifted its holdings in shares of T-Mobile US by 63.3% in the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 81 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Company Profile

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.