T-Mobile US (NASDAQ:TMUS) Price Target Cut to $260.00 by Analysts at TD Cowen

T-Mobile US (NASDAQ:TMUS) had its price objective reduced by equities research analysts at TD Cowen from $261.00 to $260.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the Wireless communications provider’s stock. TD Cowen’s target price would indicate a potential upside of 44.94% from the stock’s previous close.

A number of other analysts have also weighed in on TMUS. Wells Fargo & Company cut their price objective on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Friday. KeyCorp decreased their target price on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Friday. Royal Bank Of Canada lowered their target price on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft reduced their price target on T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $252.88.

T-Mobile US Trading Up 5.3%

NASDAQ TMUS traded up $8.96 during trading on Friday, hitting $179.38. The stock had a trading volume of 2,441,313 shares, compared to its average volume of 5,863,155. The company has a market capitalization of $194.13 billion, a PE ratio of 19.08, a PEG ratio of 1.13 and a beta of 0.33. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58. The firm has a 50 day moving average price of $184.63 and a 200 day moving average price of $195.77. T-Mobile US has a twelve month low of $165.66 and a twelve month high of $261.56.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.84 earnings per share. As a group, equities research analysts forecast that T-Mobile US will post 10.53 earnings per share for the current year.

Insider Buying and Selling at T-Mobile US

In related news, insider Andre Almeida purchased 5,097 shares of the company’s stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $196.18 per share, for a total transaction of $999,929.46. Following the completion of the purchase, the insider directly owned 44,850 shares of the company’s stock, valued at approximately $8,798,673. This trade represents a 12.82% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the sale, the insider directly owned 181,930 shares in the company, valued at approximately $35,623,713.30. The trade was a 2.67% decrease in their position. The SEC filing for this sale provides additional information. 0.32% of the stock is currently owned by insiders.

Institutional Trading of T-Mobile US

Several institutional investors and hedge funds have recently made changes to their positions in TMUS. Lansforsakringar Fondforvaltning AB publ grew its holdings in shares of T-Mobile US by 14.6% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider’s stock worth $39,354,000 after buying an additional 23,836 shares during the last quarter. Quilter Plc raised its stake in T-Mobile US by 7.8% during the 4th quarter. Quilter Plc now owns 465,838 shares of the Wireless communications provider’s stock valued at $94,584,000 after acquiring an additional 33,813 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in T-Mobile US by 16.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider’s stock worth $20,010,000 after acquiring an additional 14,110 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of T-Mobile US by 32.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider’s stock valued at $62,370,000 after purchasing an additional 72,922 shares during the last quarter. Finally, Entropy Technologies LP grew its stake in shares of T-Mobile US by 105.9% in the 4th quarter. Entropy Technologies LP now owns 36,117 shares of the Wireless communications provider’s stock valued at $7,333,000 after purchasing an additional 18,573 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US News Roundup

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile delivered stronger-than-expected quarterly profit and raised its full-year adjusted free cash flow forecast, helped by customers moving to higher-priced premium plans and continued growth in postpaid service revenue. Reuters article
• Positive Sentiment: The company said strong account growth and higher postpaid average revenue per account are supporting industry-leading service revenue growth, which can signal healthier fundamentals ahead. Business Wire article
• Neutral Sentiment: Wall Street remains broadly constructive overall, with one report saying T-Mobile still carries an average analyst rating of “Moderate Buy.” American Banking News article
• Negative Sentiment: Several firms cut price targets after the quarter: Wells Fargo lowered its target to $169 and kept an equal-weight rating, Barclays cut to $215, Benchmark reduced to $280, and KeyCorp trimmed to $250. That signals some caution around near-term upside. Analyst target cuts
• Negative Sentiment: Investors appear focused on the revenue miss and slowing subscriber growth, which overshadowed the earnings beat and contributed to the stock’s pullback after results. Bloomberg article

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.