T-Mobile US (NASDAQ:TMUS) Price Target Cut to $255.00 by Analysts at UBS Group

T-Mobile US (NASDAQ:TMUS) had its price target decreased by stock analysts at UBS Group from $300.00 to $255.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the Wireless communications provider’s stock. UBS Group’s price target points to a potential upside of 41.05% from the company’s previous close.

Several other equities research analysts have also weighed in on TMUS. KeyCorp raised shares of T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 target price on the stock in a report on Monday, April 13th. Scotiabank cut their price target on shares of T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating for the company in a report on Wednesday, April 29th. Oppenheimer raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective on the stock in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $260.27.

T-Mobile US Price Performance

Shares of TMUS stock traded down $0.88 during trading hours on Monday, hitting $180.79. The company had a trading volume of 1,181,911 shares, compared to its average volume of 5,931,309. T-Mobile US has a 12 month low of $174.02 and a 12 month high of $261.56. The firm has a market capitalization of $195.65 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.06 and a beta of 0.31. The firm’s fifty day moving average is $189.37 and its 200 day moving average is $198.81. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. The firm had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.58 earnings per share. On average, sell-side analysts predict that T-Mobile US will post 10.65 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Andre Almeida purchased 5,097 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of $196.18 per share, with a total value of $999,929.46. Following the completion of the purchase, the insider directly owned 44,850 shares of the company’s stock, valued at $8,798,673. This trade represents a 12.82% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jon Freier sold 4,799 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the sale, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. This represents a 2.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quilter Plc increased its holdings in shares of T-Mobile US by 7.8% during the fourth quarter. Quilter Plc now owns 465,838 shares of the Wireless communications provider’s stock worth $94,584,000 after buying an additional 33,813 shares in the last quarter. CI Investments Inc. boosted its holdings in shares of T-Mobile US by 37.8% during the 3rd quarter. CI Investments Inc. now owns 77,630 shares of the Wireless communications provider’s stock valued at $18,583,000 after acquiring an additional 21,307 shares in the last quarter. Swiss National Bank grew its position in T-Mobile US by 4.6% during the 3rd quarter. Swiss National Bank now owns 1,472,902 shares of the Wireless communications provider’s stock worth $352,583,000 after acquiring an additional 65,400 shares during the last quarter. Xponance Inc. increased its holdings in T-Mobile US by 17.7% in the 3rd quarter. Xponance Inc. now owns 80,749 shares of the Wireless communications provider’s stock worth $19,330,000 after purchasing an additional 12,143 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in T-Mobile US by 16.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider’s stock worth $20,010,000 after purchasing an additional 14,110 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

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.