T-Mobile US (NASDAQ:TMUS) Shares Down 4% – What’s Next?

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) fell 4% on Thursday . The stock traded as low as $170.15 and last traded at $169.2820. Approximately 2,164,016 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 5,539,699 shares. The stock had previously closed at $176.26.

Analyst Ratings Changes

TMUS has been the topic of a number of recent research reports. TD Cowen cut their target price 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. Benchmark decreased their price target on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Scotiabank lowered their price objective on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, July 15th. UBS Group dropped their price objective on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Finally, Wells Fargo & Company reduced their target price on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $252.08.

T-Mobile US Price Performance

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 company has a 50 day moving average price of $181.09 and a 200 day moving average price of $189.70. The firm has a market cap of $180.40 billion, a PE ratio of 17.61, a PEG ratio of 1.07 and a beta of 0.34.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. T-Mobile US’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.84 EPS. Sell-side analysts expect that T-Mobile US, Inc. will post 10.82 EPS for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In other news, CAO Daniel James Drobac sold 772 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the transaction, the chief accounting officer directly owned 35,118 shares in the company, valued at $6,262,592.94. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On T-Mobile US

Institutional investors have recently added to or reduced their stakes in the business. Main Street Group LTD acquired a new stake in shares of T-Mobile US in the 1st quarter valued at approximately $25,000. Paladin Partners LLC acquired a new position in T-Mobile US during the second quarter worth $25,000. Sachetta LLC grew its holdings in T-Mobile US by 52.9% during the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after acquiring an additional 55 shares during the period. Dunhill Financial LLC purchased a new position in T-Mobile US in the second quarter worth $27,000. Finally, Cornerstone Planning Group LLC raised its position in T-Mobile US by 112.2% in the first quarter. Cornerstone Planning Group LLC now owns 174 shares of the Wireless communications provider’s stock worth $34,000 after acquiring an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Company Profile

T-Mobile US, Inc (NASDAQ: TMUS) 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 postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.