T-Mobile US (NASDAQ:TMUS) Stock Price Target Lowered at Scotiabank

T-Mobile US (NASDAQ:TMUS) had its price objective lowered by equities research analysts at Scotiabank from $232.00 to $217.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “sector outperform” rating on the Wireless communications provider’s stock. Scotiabank’s price objective suggests a potential upside of 33.62% from the company’s current price.

TMUS has been the topic of several other reports. TD Cowen cut their price objective on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, July 24th. JPMorgan Chase & Co. decreased their price objective on T-Mobile US from $275.00 to $260.00 and set an “overweight” rating for the company in a report on Monday, September 21st. Barclays lowered their price target on T-Mobile US from $215.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday. Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a report on Monday, July 6th. Finally, Royal Bank Of Canada reduced their price objective on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $247.84.

T-Mobile US Trading Up 0.4%

Shares of T-Mobile US stock traded up $0.68 on Friday, reaching $162.41. The company had a trading volume of 1,029,401 shares, compared to its average volume of 5,570,617. The firm has a market cap of $174.21 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 1.03 and a beta of 0.33. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The firm’s 50-day moving average price is $176.73 and its two-hundred day moving average price is $186.11. T-Mobile US has a 1 year low of $160.81 and a 1 year high of $231.02.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The business had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.84 earnings per share. As a group, research analysts predict that T-Mobile US will post 11.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the transaction, the chief accounting officer owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TMUS. Versant Capital Management Inc raised its position in T-Mobile US by 5.3% in the 3rd quarter. Versant Capital Management Inc now owns 1,597 shares of the Wireless communications provider’s stock valued at $260,000 after purchasing an additional 81 shares during the last quarter. Andra AP fonden raised its stake in shares of T-Mobile US by 112.3% during the second quarter. Andra AP fonden now owns 35,349 shares of the Wireless communications provider’s stock worth $5,929,000 after purchasing an additional 18,700 shares during the last quarter. Anchor Investment Management LLC lifted its stake in shares of T-Mobile US by 8.7% in the 2nd quarter. Anchor Investment Management LLC now owns 5,415 shares of the Wireless communications provider’s stock worth $908,000 after acquiring an additional 434 shares during the period. Talon Private Wealth LLC boosted its holdings in shares of T-Mobile US by 45.3% in the second quarter. Talon Private Wealth LLC now owns 12,563 shares of the Wireless communications provider’s stock valued at $2,107,000 after acquiring an additional 3,917 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in T-Mobile US by 21.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,454 shares of the Wireless communications provider’s stock worth $3,766,000 after purchasing an additional 3,916 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

About T-Mobile US

T-Mobile US, Inc is a wireless communications company that provides mobile voice, messaging, and data services to consumers, businesses, and government customers in the United States. Its offerings include wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.