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

T-Mobile US (NASDAQ:TMUS) had its price target upped by KeyCorp from $175.00 to $185.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the Wireless communications provider’s stock. KeyCorp’s price objective indicates a potential upside of 12.83% from the stock’s previous close.

TMUS has been the topic of a number of other research reports. Raymond James increased their price target on T-Mobile US from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. Morgan Stanley increased their price target on T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Wells Fargo & Company increased their target price on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Citigroup increased their target price on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Buy” and an average price target of $186.33.

T-Mobile US Price Performance

TMUS stock opened at $163.96 on Friday. T-Mobile US has a 1 year low of $124.92 and a 1 year high of $168.64. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 0.91. The stock’s 50 day moving average price is $162.51 and its 200 day moving average price is $157.08. The firm has a market cap of $194.60 billion, a P/E ratio of 22.31, a PEG ratio of 0.68 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly 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 return on equity of 13.45% and a net margin of 11.15%. The company had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same quarter in the prior year, the company posted $1.58 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. On average, sell-side analysts expect that T-Mobile US will post 8.83 earnings per share for the current fiscal year.

Insider Transactions at T-Mobile US

In other news, insider Michael J. Katz sold 6,655 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the transaction, the insider now owns 126,616 shares in the company, valued at approximately $20,414,297.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other T-Mobile US news, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the transaction, the insider now directly owns 102,555 shares in the company, valued at $17,274,364.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael J. Katz sold 6,655 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the completion of the transaction, the insider now owns 126,616 shares in the company, valued at $20,414,297.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,180,319 shares of company stock worth $1,002,629,987. 0.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TMUS. Norges Bank acquired a new position in shares of T-Mobile US during the fourth quarter worth approximately $3,338,708,000. Morgan Stanley grew its stake in shares of T-Mobile US by 0.9% during the third quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock valued at $1,576,332,000 after purchasing an additional 104,490 shares during the last quarter. Royal Bank of Canada grew its stake in shares of T-Mobile US by 7.1% during the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock valued at $1,471,269,000 after purchasing an additional 693,443 shares during the last quarter. Invesco Ltd. grew its stake in shares of T-Mobile US by 0.6% during the third quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider’s stock valued at $1,074,920,000 after purchasing an additional 45,196 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of T-Mobile US by 200.0% during the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after purchasing an additional 4,241,877 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

About T-Mobile US

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.