Stocks of T-Mobile US Inc. (NASDAQ:TMUS) traded higher last session on Wall Street, up 1.18% to $142.47.
According to the data, T-Mobile US Inc. (NASDAQ:TMUS) has 27 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $210.00 and a low of $148.00, we find $175.00. Given the previous closing price of $140.81, this indicates a potential upside of 24.28 percent. TMUS stock price is now 3.14% away from the 50-day moving average and 0.66% away from the 200-day moving average. The market capitalization of the company currently stands at $169.02B.
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A total of 2 analysts have issued a hold rating and 24 have given it a buy rating. Brokers who have rated the stock have averaged $176.60 as their price target over the next twelve months.
With the price target maintained at $160, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for T-Mobile US Inc. (NASDAQ: TMUS).
In other news, Bazzano Dara, SVP & Chief Accounting Officer sold 3,953 shares of the company’s stock on Sep 13. The stock was sold for $558,796 at an average price of $141.36. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 10,877 shares in the company, valued at $1.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11, President, Consumer Group Freier Jon sold 15,000 shares of the business’s stock. A total of $2,100,000 was realized by selling the stock at an average price of $140.00. This leaves the insider owning 175,901 shares of the company worth $25.06 million. Insiders disposed of 21,150,596 shares of company stock worth roughly $3.01 billion over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TMUS stock. A new stake in T-Mobile US Inc. shares was purchased by JERICHO CAPITAL ASSET MANAGEMENT L.P. during the first quarter worth $342,232,000. CRAKE ASSET MANAGEMENT LLP invested $26,927,000 in shares of TMUS during the first quarter. In the first quarter, UNISUPER MANAGEMENT PTY LTD acquired a new stake in T-Mobile US Inc. valued at approximately $26,631,000. ARDMORE ROAD ASSET MANAGEMENT LP acquired a new stake in TMUS for approximately $21,371,000. BORNITE CAPITAL MANAGEMENT LP purchased a new stake in TMUS valued at around $21,371,000 in the second quarter. In total, there are 1,719 active investors with 42.60% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $141.00 for T-Mobile US Inc. (NASDAQ: TMUS). During the past 12 months, T-Mobile US Inc. has had a low of $124.92 and a high of $154.38. As of last week, the company has a debt-to-equity ratio of 1.28, a current ratio of 0.80, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $273.65B, which is based on a 26.96 price-to-earnings ratio, a 0.39 price-to-earnings-growth ratio, and a beta of 0.54. The fifty day moving average price for TMUS is $138.22 and a two-hundred day moving average price translates $141.49 for the stock.
The latest earnings results from T-Mobile US Inc. (NASDAQ: TMUS) was released for Jun, 2023. According to the Telecom Services Company, earnings per share came in at $1.86, beating analysts’ expectations of $1.69 by 0.17. This compares to -$0.09 EPS in the same period last year. The net profit margin was 7.80% and return on equity was 9.00% for TMUS. The company reported revenue of $19.2 billion for the quarter, compared to $19.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.56 percent. For the current quarter, analysts expect TMUS to generate $19.44B in revenue.
