The price of T-Mobile US Inc (NASDAQ:TMUS) shares last traded on Wall Street rose 0.89% to $220.95.
TMUS stock price is now 7.94% away from the 50-day moving average and 24.20% away from the 200-day moving average. The market capitalization of the company currently stands at $257.80B.
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With the price target enhanced from $215.50 to $236, Scotiabank Downgraded its rating from Sector Outperform to Sector Perform for T-Mobile US Inc (NASDAQ: TMUS). On October 02, 2024, Raymond James Downgraded its previous ‘Strong Buy’ rating to ‘Outperform’ on the stock increasing its target price from $208 to quote $221, while ‘Goldman’ rates the stock as ‘Buy’
In other news, Nelson Mark Wolfe, EVP and General Counsel sold 42,769 shares of the company’s stock on Oct 16 ’24. The stock was sold for $9,249,224 at an average price of $216.26. Upon completion of the transaction, the EVP and General Counsel now directly owns 61,871 shares in the company, valued at $13.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16 ’24, Officer Nelson Mark Wolfe bought 42,769 shares of the business’s stock. A total of $9,249,224 was incurred on buying the stock at an average price of $216.26. A total of 58.20% of the company’s stock is owned by insiders.
During the past 12 months, T-Mobile US Inc has had a low of $136.92 and a high of $223.91. As of last week, the company has a debt-to-equity ratio of 1.82, a current ratio of 0.84, and a quick ratio of 0.78. According to the stock market information, the enterprise value for the company is $366451916800, which is based on a 27.67 price-to-earnings ratio, a 1.26 price-to-earnings-growth ratio, and a beta of 0.51. The fifty day moving average price for TMUS is $204.7038 and a two-hundred day moving average price translates $177.8986 for the stock.
The latest earnings results from T-Mobile US Inc (NASDAQ: TMUS) was released for 2024-06-30. The net profit margin was 11.95% and return on equity was 14.73% for TMUS. The company reported revenue of $19.77 billion for the quarter, compared to $19.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.0 percent.
