T-Mobile US, Inc. (TMUS) Receives $53.36 Consensus Price Target from Brokerages

T-Mobile US, Inc. (TMUS) Receives $53.36 Consensus Price Target from Brokerages

T-Mobile US, Inc. (NASDAQ:TMUS) has earned an average rating of “Buy” from the twenty-four ratings firms that are currently covering the stock. Eight research analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $53.36.

A number of research analysts have recently issued reports on TMUS shares. Jefferies Group LLC reiterated a “buy” rating and set a $55.00 price objective on shares of T-Mobile US in a report on Tuesday, October 4th. Goldman Sachs Group, Inc. (The) cut shares of T-Mobile US from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, October 25th. Vetr cut shares of T-Mobile US from a “strong-buy” rating to a “buy” rating and set a $50.36 price objective for the company. in a report on Monday, October 10th. Argus reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, January 11th. Finally, RBC Capital Markets reiterated a “buy” rating and set a $67.00 price objective on shares of T-Mobile US in a report on Thursday, January 12th.

In other T-Mobile US news, Director W Michael Barnes sold 22,500 shares of the business’s stock in a transaction that occurred on Friday, December 30th. The shares were sold at an average price of $57.86, for a total value of $1,301,850.00. Following the completion of the transaction, the director now owns 113,267 shares of the company’s stock, valued at approximately $6,553,628.62. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Thomas Christopher Keys sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $60.31, for a total transaction of $6,031,000.00. Following the completion of the transaction, the insider now directly owns 455,876 shares of the company’s stock, valued at approximately $27,493,881.56. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank boosted its position in T-Mobile US by 57.7% in the third quarter. Toronto Dominion Bank now owns 2,484 shares of the company’s stock worth $116,000 after buying an additional 909 shares in the last quarter. US Bancorp DE boosted its position in T-Mobile US by 5.5% in the third quarter. US Bancorp DE now owns 2,779 shares of the company’s stock worth $130,000 after buying an additional 144 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position 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 worth $133,000 after buying an additional 269 shares in the last quarter. Winslow Evans & Crocker Inc. boosted its position 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 worth $146,000 after buying an additional 270 shares in the last quarter. Finally, Riverhead Capital Management LLC bought a new position in T-Mobile US during the third quarter worth approximately $150,000. 34.31% of the stock is owned by institutional investors and hedge funds.

T-Mobile US (NASDAQ:TMUS) opened at 62.42 on Friday. The firm has a 50-day moving average of $58.28 and a 200 day moving average of $50.62. T-Mobile US has a 12-month low of $33.23 and a 12-month high of $63.68. The company has a market capitalization of $51.44 billion, a PE ratio of 39.53 and a beta of 0.68.

T-Mobile US Company Profile

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