T-Mobile US (NASDAQ:TMUS) Stock Price Target Cut by Citigroup

T-Mobile US (NASDAQ:TMUS) had its price target reduced by research analysts at Citigroup from $225.00 to $165.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the Wireless communications provider’s stock. Citigroup‘s target price points to a potential upside of 11.74% from the stock’s current price.

Several other research firms have also recently weighed in on TMUS. Morgan Stanley decreased their target price on 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. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a report on Monday, September 28th. Royal Bank Of Canada reduced their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Wells Fargo & Company cut their price target on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. dropped their price objective on T-Mobile US from $275.00 to $260.00 and set an “overweight” rating on the stock in a report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $239.29.

T-Mobile US Stock Down 0.3%

Shares of T-Mobile US stock traded down $0.42 on Thursday, reaching $147.66. 4,668,366 shares of the company were exchanged, compared to its average volume of 5,694,881. The stock’s 50 day moving average price is $168.32 and its 200-day moving average price is $187.39. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. T-Mobile US has a 1-year low of $143.75 and a 1-year high of $224.75. The company has a market cap of $158.39 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 0.91 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 EPS for the quarter, topping the consensus estimate of $2.89 by $0.33. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company had revenue of $23.58 billion during the quarter, compared to analysts’ expectations of $23.15 billion. During the same quarter in the previous year, the business posted $2.41 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that T-Mobile US will post 11.17 EPS for the current year.

Insider Buying and Selling at T-Mobile US

In related news, CAO Daniel James Drobac sold 772 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the transaction, the chief accounting officer owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.32% of the company’s stock.

Institutional Trading of T-Mobile US

A number of hedge funds have recently added to or reduced their stakes in the stock. Essex Financial Services Inc. lifted its stake in shares of T-Mobile US by 3.5% in the 1st quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock worth $326,000 after acquiring an additional 53 shares during the period. Sachetta LLC increased its stake in shares of T-Mobile US by 52.9% during the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after acquiring an additional 55 shares during the period. Legacy Wealth Asset Management LLC increased its stake in shares of T-Mobile US by 1.2% during the second quarter. Legacy Wealth Asset Management LLC now owns 4,844 shares of the Wireless communications provider’s stock worth $812,000 after acquiring an additional 56 shares during the period. Harbor Investment Advisory LLC increased its stake in shares of T-Mobile US by 2.6% during the first quarter. Harbor Investment Advisory LLC now owns 2,351 shares of the Wireless communications provider’s stock worth $494,000 after acquiring an additional 60 shares during the period. Finally, Heartland Bank & Trust Co raised its holdings in T-Mobile US by 3.5% during the first quarter. Heartland Bank & Trust Co now owns 1,841 shares of the Wireless communications provider’s stock worth $387,000 after purchasing an additional 62 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting T-Mobile US

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

• Positive Sentiment: Q3 results exceeded expectations: T-Mobile reported adjusted earnings of $3.22 per share versus the $2.89 consensus, while revenue rose 7.4% year over year to $23.58 billion, above the $23.15 billion estimate. Net income increased 27% to approximately $3.5 billion, helped by postpaid account growth, premium-plan adoption and higher average revenue per account. T-Mobile raises annual free cash flow forecast as premium plans gain traction
• Positive Sentiment: Raised outlook: Management increased its full-year free-cash-flow and EBITDA/profit expectations as premium plans and customer spending remained strong. The company also highlighted broadband expansion, AI opportunities and its customizable T-Mix plans as potential growth drivers. T-Mobile Q3 Earnings Call Highlights Growth and Higher Outlook
• Positive Sentiment: Analysts remain bullish: Scotiabank raised its price target to $214 with a “sector outperform” rating. TD Cowen maintained a “buy” rating despite trimming its target to $258, and KeyCorp kept an “overweight” rating with a $240 target. These targets imply substantial potential upside from current levels.
• Neutral Sentiment: Board transition: Former CEO Mike Sievert is leaving T-Mobile’s board and vice-chair role, a planned transition that removes a prominent executive from governance but does not represent an operational change to the current CEO’s role. Mike Sievert steps down from T-Mobile US board
• Negative Sentiment: Growth and strategic concerns remain: The company placed postpaid net-account additions near the midpoint of its existing forecast and narrowed parts of its annual profit outlook. The CEO also rejected an MVNO partnership with SpaceX, leaving investors focused on the possibility that SpaceX could develop a competing terrestrial network. Reports that Deutsche Telekom slowed potential merger discussions add further uncertainty. T-Mobile US CEO quashes SpaceX MVNO talk

T-Mobile US Company Profile

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States, Puerto Rico and the U.S. Virgin Islands. Its offerings include postpaid and prepaid wireless plans, connected devices, broadband internet and other communications services.

The company operates a nationwide wireless network, including 5G services, and sells smartphones, tablets, connected devices and related accessories through retail stores, online channels and third-party distributors.