T-Mobile US (NASDAQ:TMUS) Price Target Cut to $245.00 by Analysts at Argus

T-Mobile US (NASDAQ:TMUS) had its target price lowered by equities researchers at Argus from $275.00 to $245.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the Wireless communications provider’s stock. Argus’ target price points to a potential upside of 19.84% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Zacks Research upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. Wolfe Research reduced their target price on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Tuesday, September 30th. TD Cowen decreased their target price on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of T-Mobile US in a report on Monday, December 1st. Finally, Hsbc Global Res raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $265.96.

T-Mobile US Stock Down 2.5%

Shares of TMUS stock opened at $204.44 on Tuesday. T-Mobile US has a fifty-two week low of $199.41 and a fifty-two week high of $276.49. The firm has a market capitalization of $228.67 billion, a PE ratio of 19.66, a P/E/G ratio of 1.35 and a beta of 0.44. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The stock’s 50-day simple moving average is $216.66 and its 200-day simple moving average is $231.84.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.61 earnings per share. Equities analysts expect that T-Mobile US will post 10.37 earnings per share for the current year.

Insiders Place Their Bets

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $215.91, for a total value of $539,775.00. Following the sale, the insider directly owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. This trade represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director G Michael Sievert sold 22,500 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $216.97, for a total value of $4,881,825.00. Following the transaction, the director directly owned 308,696 shares of the company’s stock, valued at approximately $66,977,771.12. The trade was a 6.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,369,981 shares of company stock valued at $317,022,536 over the last quarter. Insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Institutional investors have recently added to or reduced their stakes in the stock. United Community Bank boosted its holdings in T-Mobile US by 131.1% in the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. Howard Hughes Medical Institute purchased a new stake in shares of T-Mobile US during the 2nd quarter valued at approximately $25,000. Activest Wealth Management lifted its holdings in T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 94 shares during the last quarter. Elevation Wealth Partners LLC grew its position 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 acquiring an additional 76 shares during the period. Finally, Missouri Trust & Investment Co increased its stake in T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 105 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

About T-Mobile US

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.