The Nomura Raises T-Mobile US Inc. (TMUS) Price Target to $46.00

The Nomura Raises T-Mobile US Inc. (TMUS) Price Target to $46.00

T-Mobile US Inc. (NASDAQ:TMUS) had its target price hoisted by Nomura from $44.00 to $46.00 in a report issued on Tuesday morning. Nomura currently has a neutral rating on the stock.

A number of other equities analysts have also commented on the stock. Morgan Stanley reiterated an overweight rating on shares of T-Mobile US in a report on Wednesday, June 29th. Buckingham Research boosted their price objective on shares of T-Mobile US from $50.00 to $55.00 and gave the stock a buy rating in a report on Thursday, August 25th. HSBC reiterated a hold rating on shares of T-Mobile US in a report on Wednesday, September 28th. Vetr lowered shares of T-Mobile US from a buy rating to a hold rating and set a $48.53 price objective on the stock. in a report on Monday, September 5th. Finally, Jefferies Group reiterated a buy rating and issued a $55.00 price objective on shares of T-Mobile US in a report on Tuesday, October 4th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. T-Mobile US currently has a consensus rating of Buy and an average target price of $49.99.

T-Mobile US (NASDAQ:TMUS) opened at 49.35 on Tuesday. T-Mobile US has a 12-month low of $33.23 and a 12-month high of $51.65. The company’s 50 day moving average price is $46.79 and its 200-day moving average price is $44.21. The stock has a market cap of $40.67 billion, a price-to-earnings ratio of 31.25 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Monday, October 24th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.05. The business had revenue of $9.20 million for the quarter, compared to analyst estimates of $9.45 billion. T-Mobile US had a net margin of 3.87% and a return on equity of 7.21%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 EPS. On average, analysts forecast that T-Mobile US will post $1.52 EPS for the current year.

In related news, insider Thomas Christopher Keys sold 14,700 shares of the stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $47.11, for a total transaction of $692,517.00. Following the completion of the sale, the insider now directly owns 355,876 shares of the company’s stock, valued at $16,765,318.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO J Braxton Carter II sold 50,000 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $47.95, for a total transaction of $2,397,500.00. Following the sale, the chief financial officer now directly owns 239,971 shares of the company’s stock, valued at $11,506,609.45. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC raised its stake in T-Mobile US by 1.4% in the second quarter. Checchi Capital Advisers LLC now owns 3,386 shares of the company’s stock valued at $147,000 after buying an additional 48 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in T-Mobile US by 2.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 7,236 shares of the company’s stock valued at $282,000 after buying an additional 169 shares in the last quarter. Pacer Advisors Inc. raised its stake in T-Mobile US by 1.1% in the second quarter. Pacer Advisors Inc. now owns 25,234 shares of the company’s stock valued at $1,092,000 after buying an additional 265 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in T-Mobile US by 9.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,079 shares of the company’s stock valued at $133,000 after buying an additional 269 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. raised its stake in T-Mobile US by 9.4% in the third quarter. Winslow Evans & Crocker Inc. now owns 3,134 shares of the company’s stock valued at $146,000 after buying an additional 270 shares in the last quarter. 34.22% of the stock is owned by institutional investors and hedge funds.

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