KeyCorp Cuts T-Mobile US (NASDAQ:TMUS) Price Target to $250.00

T-Mobile US (NASDAQ:TMUS) had its price objective decreased by KeyCorp from $260.00 to $250.00 in a report published on Friday,Benzinga reports. KeyCorp currently has an overweight rating on the Wireless communications provider’s stock.

A number of other equities research analysts have also commented on the company. Barclays lowered their price target on T-Mobile US from $245.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Wells Fargo & Company initiated coverage on shares of T-Mobile US in a report on Wednesday, July 8th. They set an “equal weight” rating and a $170.00 price objective on the stock. Scotiabank reduced their target price on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a research note on Wednesday, July 15th. Morgan Stanley lowered their target price on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Finally, Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $252.88.

T-Mobile US Stock Performance

Shares of TMUS opened at $180.09 on Friday. The firm 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. The stock has a 50 day moving average price of $184.53 and a two-hundred day moving average price of $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.

T-Mobile US (NASDAQ:TMUS) last posted its 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 company had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $2.84 earnings per share. Equities analysts forecast that T-Mobile US will post 10.65 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.3%. T-Mobile US’s payout ratio is currently 42.72%.

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 5,000 shares of T-Mobile US 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 sale, the insider directly owned 181,930 shares in the company, valued at $35,623,713.30. The trade was a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jon Freier sold 4,799 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the transaction, the chief operating officer directly owned 217,168 shares in the company, valued at $41,261,920. This trade represents a 2.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company’s stock.

Institutional Trading of T-Mobile US

Several hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of T-Mobile US by 30.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock worth $5,643,511,000 after purchasing an additional 6,516,968 shares during the period. State Street Corp grew its holdings in T-Mobile US by 4.3% during the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock valued at $5,133,198,000 after purchasing an additional 1,047,624 shares during the period. Capital International Investors grew its holdings in T-Mobile US by 8.2% during the fourth quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock valued at $3,014,754,000 after purchasing an additional 1,121,409 shares during the period. Invesco Ltd. increased its position in T-Mobile US by 10.5% in the fourth quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock worth $1,772,638,000 after buying an additional 827,381 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of T-Mobile US in the fourth quarter valued at $1,335,918,000. Institutional investors own 42.49% of the company’s stock.

Key Headlines Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile beat second-quarter profit expectations, with adjusted EPS of $2.99, helped by strong service revenue and customers moving to higher-priced premium plans.
• Positive Sentiment: The company raised its full-year free cash flow outlook, which is a key bullish signal for investors because it supports dividends, buybacks, and financial flexibility.
• Positive Sentiment: T-Mobile continued its share repurchase program, including a multibillion-dollar buyback tranche, reinforcing management’s confidence in cash generation.
• Positive Sentiment: Several analysts remain constructive even after trimming price targets, with multiple firms still rating the stock Buy or Overweight.

About T-Mobile US

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.