T-Mobile US (NASDAQ:TMUS) Price Target Cut to $250.00 by Analysts at KeyCorp

T-Mobile US (NASDAQ:TMUS) had its target price reduced by equities research analysts at KeyCorp from $260.00 to $250.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the Wireless communications provider’s stock. KeyCorp’s price target would suggest a potential upside of 46.70% from the stock’s current price.

Several other research firms have also recently weighed in on TMUS. Bank of America upgraded 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 research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft cut their price target on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Wells Fargo & Company started coverage on shares of T-Mobile US in a research report on Wednesday, July 8th. They set an “equal weight” rating and a $170.00 price objective on the stock. Arete Research lifted their price objective on shares of T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, TD Cowen upped their target price on shares of T-Mobile US from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and a consensus price target of $254.16.

T-Mobile US Price Performance

T-Mobile US stock opened at $170.42 on Friday. The stock has a market cap of $184.43 billion, a price-to-earnings ratio of 18.13, 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 business has a 50-day simple moving average of $184.63 and a 200 day simple moving average of $195.77. T-Mobile US has a 52 week low of $165.66 and a 52 week high of $261.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.40. The firm had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.84 EPS. On average, research analysts forecast that T-Mobile US will post 10.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of T-Mobile US

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ballast Inc. boosted its holdings in shares of T-Mobile US by 37.0% during the second quarter. Ballast Inc. now owns 8,367 shares of the Wireless communications provider’s stock worth $1,403,000 after purchasing an additional 2,258 shares during the period. Wedge Capital Management L L P NC increased its holdings in T-Mobile US by 0.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 80,474 shares of the Wireless communications provider’s stock valued at $13,498,000 after purchasing an additional 483 shares during the period. Accel Wealth Management bought a new position in T-Mobile US during the 2nd quarter valued at approximately $245,000. Heck Capital Advisors LLC lifted its holdings in T-Mobile US by 47.1% in the 2nd quarter. Heck Capital Advisors LLC now owns 4,338 shares of the Wireless communications provider’s stock worth $728,000 after buying an additional 1,388 shares during the period. Finally, Tema ETFs LLC lifted its holdings in T-Mobile US by 24.6% in the 2nd quarter. Tema ETFs LLC now owns 9,314 shares of the Wireless communications provider’s stock worth $1,562,000 after buying an additional 1,837 shares during the period. Institutional investors own 42.49% of the company’s stock.

Key T-Mobile US News

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

• Positive Sentiment: T-Mobile beat second-quarter profit expectations, with adjusted EPS above estimates, and raised its full-year adjusted free cash flow forecast as more customers migrated to premium plans. Reuters article
• Positive Sentiment: Service revenue and postpaid growth remained strong, with the company highlighting continued account growth, higher postpaid ARPA, and industry-leading service revenue growth. Business Wire article
• Positive Sentiment: Several analysts reiterated a favorable view, with average coverage now pointing to a “Moderate Buy” rating for T-Mobile US. Analyst rating article
• Neutral Sentiment: The company’s revenue came in slightly below Wall Street expectations, and that modest miss appears to be overshadowing the otherwise strong earnings report. Barron’s article
• Negative Sentiment: Stock declines were tied to investor concern that subscriber gains are slowing, which could signal tougher growth ahead despite the improved guidance. Bloomberg article

T-Mobile US Company Profile

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.