T-Mobile US (NASDAQ:TMUS) Price Target Cut to $253.00 by Analysts at Wolfe Research

T-Mobile US (NASDAQ:TMUS) had its price objective dropped by research analysts at Wolfe Research from $290.00 to $253.00 in a report released on Monday,MarketScreener reports. The firm presently has an “outperform” rating on the Wireless communications provider’s stock. Wolfe Research’s target price points to a potential upside of 28.15% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Scotiabank lifted their price objective on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a report on Monday, October 6th. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft raised their target price on shares of T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Daiwa Capital Markets decreased their price objective on T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. Finally, Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $262.17.

T-Mobile US Stock Up 0.6%

TMUS stock opened at $197.43 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The business’s 50-day simple moving average is $213.16 and its 200 day simple moving average is $230.24. T-Mobile US has a twelve month low of $194.01 and a twelve month high of $276.49. The company has a market cap of $220.83 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.25 and a beta of 0.44.

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 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 for the quarter, compared to analysts’ expectations of $21.61 billion. During the same period in the prior year, the business posted $2.61 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. On average, research analysts anticipate that T-Mobile US will post 10.37 earnings per share for the current year.

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $238.98, for a total transaction of $15,396,525.48. Following the completion of the transaction, the director owned 634,241,492 shares in the company, valued at approximately $151,571,031,758.16. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 1,108,294 shares of company stock worth $254,172,029 in the last ninety days. 0.37% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TMUS. Activest Wealth Management raised its stake in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 94 shares during the period. Howard Hughes Medical Institute bought a new stake in shares of T-Mobile US during the 2nd quarter worth $25,000. United Community Bank boosted its holdings in shares of T-Mobile US by 131.1% in the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 76 shares in the last quarter. Finally, Missouri Trust & Investment Co grew its holdings in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.