T-Mobile US (NASDAQ:TMUS) Sets New 52-Week Low – What’s Next?

T-Mobile US, Inc. (NASDAQ:TMUS)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $165.65 and last traded at $165.4840, with a volume of 27563 shares changing hands. The stock had previously closed at $166.45.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of recent analyst reports. Royal Bank Of Canada decreased their target price on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Morgan Stanley lowered their target price on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Wells Fargo & Company dropped their price target on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Friday, July 24th. KeyCorp lowered their price objective on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $252.08.

T-Mobile US Stock Down 0.9%

The company’s 50-day simple moving average is $181.48 and its two-hundred day simple moving average is $189.85. The firm has a market capitalization of $176.88 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.13 and a beta of 0.34. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same period in the prior year, the business posted $2.84 EPS. T-Mobile US’s revenue was up 7.9% on a year-over-year basis. As a group, research analysts expect that T-Mobile US, Inc. will post 10.82 earnings per share for the current year.

Insider Activity at T-Mobile US

In other news, CAO Daniel James Drobac sold 772 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was 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 trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TMUS. Essex Financial Services Inc. grew its stake in T-Mobile US by 3.5% in the 1st quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock worth $326,000 after acquiring an additional 53 shares in the last quarter. Wick Capital Partners LLC increased its position in shares of T-Mobile US by 4.2% during the fourth quarter. Wick Capital Partners LLC now owns 1,355 shares of the Wireless communications provider’s stock worth $275,000 after acquiring an additional 55 shares during the period. Sachetta LLC raised its stake in shares of T-Mobile US by 52.9% during the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after acquiring an additional 55 shares in the last quarter. Legacy Wealth Asset Management LLC raised its stake in shares of T-Mobile US by 1.2% during the second quarter. Legacy Wealth Asset Management LLC now owns 4,844 shares of the Wireless communications provider’s stock valued at $812,000 after acquiring an additional 56 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in shares of T-Mobile US by 19.8% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 345 shares of the Wireless communications provider’s stock valued at $70,000 after purchasing an additional 57 shares during the period. Institutional investors own 42.49% of the company’s stock.

About T-Mobile US

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.