UBS Group Issues Pessimistic Forecast for T-Mobile US (NASDAQ:TMUS) Stock Price

T-Mobile US (NASDAQ:TMUS) had its price objective cut by research analysts at UBS Group from $255.00 to $235.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the Wireless communications provider’s stock. UBS Group’s price target suggests a potential upside of 30.49% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Wall Street Zen upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Monday, July 6th. Benchmark lowered their price target on T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Friday. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. Finally, Moffett Nathanson upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price objective for the company in a research report on Wednesday, April 8th. One equities 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Price Performance

TMUS opened at $180.09 on Friday. The company’s 50-day simple moving average is $184.53 and its two-hundred day simple moving average is $195.62. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The stock has a market capitalization of $193.18 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.06 and a beta of 0.33. 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 announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. 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 previous year, the business posted $2.84 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts predict that T-Mobile US will post 10.65 EPS for the current year.

Insider Buying and Selling at T-Mobile US

In related news, insider Michael J. Katz sold 5,000 shares of the 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 sale, the insider directly owned 181,930 shares of the company’s stock, valued at $35,623,713.30. This represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Andre Almeida purchased 5,097 shares of T-Mobile US stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of $196.18 per share, for a total transaction of $999,929.46. Following the purchase, the insider directly owned 44,850 shares in the company, valued at $8,798,673. This trade represents a 12.82% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.32% of the company’s stock.

Institutional Trading of T-Mobile US

A number of institutional investors have recently bought and sold shares of TMUS. JDM Financial Group LLC grew its position in 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 purchasing an additional 65 shares during the period. Main Street Group LTD purchased a new stake in shares of T-Mobile US during the first quarter worth about $25,000. Swiss RE Ltd. purchased a new stake in shares of T-Mobile US during the fourth quarter worth about $29,000. Turning Point Benefit Group Inc. raised its position in shares of T-Mobile US by 3,825.0% during 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 last quarter. Finally, Sachetta LLC raised its position in shares of T-Mobile US by 52.9% during the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 55 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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.