T-Mobile US (NASDAQ:TMUS) Price Target Lowered to $169.00 at Wells Fargo & Company

T-Mobile US (NASDAQ:TMUS) had its price target cut by investment analysts at Wells Fargo & Company from $170.00 to $169.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the Wireless communications provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 5.53% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Freedom Capital raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. The Goldman Sachs Group reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft decreased their target price on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Scotiabank lowered their target price on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, July 15th. Finally, DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. One equities research 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 company’s stock. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $252.92.

T-Mobile US Stock Up 5.0%

NASDAQ TMUS traded up $8.48 during mid-day trading on Friday, reaching $178.90. The stock had a trading volume of 1,817,981 shares, compared to its average volume of 5,858,021. The stock has a market cap of $193.60 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.13 and a beta of 0.33. T-Mobile US has a 1 year low of $165.66 and a 1 year high of $261.56. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. The company has a fifty day moving average price of $184.63 and a 200 day moving average price of $195.77.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.59 by $0.40. The business had revenue of $22.79 billion for the quarter, compared to the consensus estimate 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 period last year, the business posted $2.84 EPS. On average, research analysts expect that T-Mobile US will post 10.53 earnings per share for the current year.

Insider Activity at T-Mobile US

In related news, insider Michael J. Katz sold 5,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the sale, the insider owned 181,930 shares in the company, valued at approximately $35,623,713.30. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jon Freier sold 4,799 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the transaction, the chief operating officer directly owned 217,168 shares in the company, 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. 0.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

Several institutional investors have recently made changes to their positions in the business. JDM Financial Group LLC boosted its stake in shares of T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 65 shares during the last quarter. Main Street Group LTD purchased a new stake in shares of T-Mobile US in the 1st quarter worth $25,000. Swiss RE Ltd. bought a new position in T-Mobile US in the 4th quarter worth $29,000. Turning Point Benefit Group Inc. raised its holdings in T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after purchasing an additional 153 shares during the period. Finally, Sachetta LLC lifted its position in 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 purchasing an additional 55 shares in the last quarter. 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 Q2 earnings estimates, with EPS of $2.99 versus $2.59 expected, helped by strong postpaid service revenue and customers moving to higher-priced premium plans. Reuters article
• Positive Sentiment: The company raised its full-year adjusted free cash flow outlook and continued buying back stock, which supports valuation and signals management confidence. Yahoo Finance article
• Positive Sentiment: Several analysts still rate TMUS favorably despite trimming price targets, with Benchmark and KeyCorp maintaining Buy/Overweight-type ratings after the quarter. Benzinga article
• Neutral Sentiment: T-Mobile’s Q2 revenue came in slightly below expectations, which is weighing on the stock even though profitability improved. Barron’s article
• Neutral Sentiment: Coverage remains constructive overall, with analysts averaging a “Moderate Buy” view after the earnings release. American Banking News article
• Negative Sentiment: Investor concern appears centered on slower subscriber gains and the revenue shortfall overshadowing the earnings beat, leading to a post-earnings selloff in TMUS. Yahoo Finance 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.