Morgan Stanley Boosts T-Mobile US (TMUS) Price Target to $74.00

T-Mobile US (NASDAQ:TMUS) had its price target boosted by Morgan Stanley from $72.00 to $74.00 in a research note issued to investors on Wednesday morning. The firm currently has an overweight rating on the Wireless communications provider’s stock.

A number of other equities research analysts also recently issued reports on the stock. Jefferies Group cut their target price on shares of T-Mobile US from $83.00 to $77.00 and set a buy rating for the company in a research report on Tuesday, November 7th. BTIG Research increased their target price on shares of T-Mobile US from $74.00 to $84.00 and gave the stock a buy rating in a research report on Wednesday, October 18th. Deutsche Bank upgraded shares of T-Mobile US from a hold rating to a buy rating and increased their price target for the stock from $56.22 to $65.00 in a research note on Thursday, November 9th. BidaskClub lowered shares of T-Mobile US from a sell rating to a strong sell rating in a research note on Thursday, November 9th. Finally, HSBC upgraded shares of T-Mobile US from a hold rating to a buy rating in a research note on Tuesday, November 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $69.70.

T-Mobile US (NASDAQ:TMUS) traded up $0.10 during mid-day trading on Wednesday, reaching $62.66. 6,479,956 shares of the company’s stock were exchanged, compared to its average volume of 4,706,237. T-Mobile US has a 12 month low of $54.60 and a 12 month high of $68.88. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. The stock has a market cap of $52,130.86, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 1.17 and a beta of 0.29.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The company had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. analysts expect that T-Mobile US will post 2.42 EPS for the current fiscal year.

T-Mobile US declared that its board has initiated a share repurchase plan on Wednesday, December 6th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the Wireless communications provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

In related news, CFO J Braxton Carter II sold 15,000 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $62.97, for a total value of $944,550.00. Following the transaction, the chief financial officer now directly owns 163,688 shares in the company, valued at approximately $10,307,433.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.29% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Harbor Advisors LLC boosted its holdings in T-Mobile US by 81.2% in the 3rd quarter. Harbor Advisors LLC now owns 18,000 shares of the Wireless communications provider’s stock valued at $1,110,000 after purchasing an additional 8,068 shares during the period. OZ Management LP boosted its holdings in T-Mobile US by 35.7% in the 2nd quarter. OZ Management LP now owns 1,733,472 shares of the Wireless communications provider’s stock valued at $105,083,000 after purchasing an additional 455,847 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in T-Mobile US by 4.7% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,484 shares of the Wireless communications provider’s stock valued at $3,175,000 after purchasing an additional 2,296 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in T-Mobile US by 6.6% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 28,740 shares of the Wireless communications provider’s stock valued at $1,742,000 after purchasing an additional 1,789 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of T-Mobile US by 1,887.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,053,568 shares of the Wireless communications provider’s stock worth $63,865,000 after acquiring an additional 1,000,552 shares during the period. 34.96% of the stock is owned by hedge funds and other institutional investors.

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About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

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