Barclays Cuts T-Mobile US (NASDAQ:TMUS) Price Target to $200.00

T-Mobile US (NASDAQ:TMUS) had its price target lowered by investment analysts at Barclays from $215.00 to $200.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the Wireless communications provider’s stock. Barclays‘s price target suggests a potential upside of 20.16% from the company’s previous close.

Several other equities research analysts also recently commented on the company. Royal Bank Of Canada cut their price objective 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of T-Mobile US in a research report on Friday, September 11th. Morgan Stanley cut their price target on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Wells Fargo & Company decreased their price objective on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. Finally, The Goldman Sachs Group dropped their target price on shares of T-Mobile US from $230.00 to $211.00 and set a “buy” rating on the stock in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.88.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $166.45 on Tuesday. T-Mobile US has a 52-week low of $161.14 and a 52-week high of $240.95. The company has a market cap of $178.55 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.06 and a beta of 0.34. 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’s 50-day simple moving average is $178.02 and its 200 day simple moving average is $187.22.

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

Insider Activity

In related news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the sale, the chief accounting officer owned 35,118 shares of the company’s stock, valued at approximately $6,262,592.94. The trade was a 2.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Several hedge funds have recently bought and sold shares of TMUS. Main Street Group LTD bought a new stake in T-Mobile US in the 1st quarter valued at $25,000. Paladin Partners LLC bought a new stake in shares of T-Mobile US in the second quarter valued at about $25,000. Dunhill Financial LLC acquired a new position in shares of T-Mobile US in the second quarter valued at about $27,000. Highland Investment Advisors LLC bought a new position in T-Mobile US during the second quarter worth about $30,000. Finally, Sachetta LLC raised its stake in T-Mobile US by 52.9% in 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 in 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, Inc 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 wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.