Wells Fargo & Company Issues Pessimistic Forecast for T-Mobile US (NASDAQ:TMUS) Stock Price

T-Mobile US (NASDAQ:TMUS) had its target price cut by equities researchers at Wells Fargo & Company from $260.00 to $225.00 in a research note issued to investors on Monday,MarketScreener reports. The firm currently has an “overweight” rating on the Wireless communications provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 19.84% from the company’s current price.

Other analysts also recently issued reports about the company. BNP Paribas Exane reduced their target price on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Rothschild Redb raised shares of T-Mobile US to a “hold” rating in a report on Tuesday, September 30th. The Goldman Sachs Group lowered their price objective on shares of T-Mobile US from $287.00 to $251.00 and set a “buy” rating on the stock in a research report on Friday, December 12th. Raymond James Financial upgraded shares of T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Finally, Moffett Nathanson lifted their price target on T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $256.36.

T-Mobile US Stock Up 0.9%

T-Mobile US stock opened at $187.76 on Monday. The stock’s fifty day moving average is $200.06 and its two-hundred day moving average is $222.33. The stock has a market cap of $210.01 billion, a PE ratio of 18.04, a P/E/G ratio of 1.02 and a beta of 0.45. T-Mobile US has a 1-year low of $181.36 and a 1-year high of $276.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the prior year, the company posted $2.61 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts expect that T-Mobile US will post 10.37 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Michael J. Katz sold 2,500 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $215.91, for a total transaction of $539,775.00. Following the transaction, the insider directly owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. The trade was a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Letitia A. Long sold 1,457 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $210.32, for a total value of $306,436.24. Following the completion of the transaction, the director owned 5,438 shares in the company, valued at approximately $1,143,720.16. This trade represents a 21.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 106,338 shares of company stock valued at $23,265,289 over the last three months. Company insiders own 0.37% of the company’s stock.

Institutional Trading of T-Mobile US

A number of institutional investors and hedge funds have recently made changes to their positions in TMUS. Patton Fund Management Inc. acquired a new position in T-Mobile US during the 2nd quarter valued at about $225,000. ORG Partners LLC raised its holdings in shares of T-Mobile US by 18.8% during the second quarter. ORG Partners LLC now owns 532 shares of the Wireless communications provider’s stock valued at $127,000 after buying an additional 84 shares during the last quarter. Overbrook Management Corp boosted its position in shares of T-Mobile US by 14.8% during the second quarter. Overbrook Management Corp now owns 96,603 shares of the Wireless communications provider’s stock worth $23,017,000 after buying an additional 12,425 shares during the period. Independence Bank of Kentucky grew its holdings in T-Mobile US by 21.0% in the 2nd quarter. Independence Bank of Kentucky now owns 9,933 shares of the Wireless communications provider’s stock worth $2,367,000 after buying an additional 1,722 shares in the last quarter. Finally, Forefront Wealth Management Inc. increased its position in T-Mobile US by 0.6% in the 2nd quarter. Forefront Wealth Management Inc. now owns 11,609 shares of the Wireless communications provider’s stock valued at $2,766,000 after acquiring an additional 74 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.