Scotiabank Has Lowered Expectations for T-Mobile US (NASDAQ:TMUS) Stock Price

Key Points

• Scotiabank lowered its T-Mobile US price target from $217 to $212 while maintaining a “sector outperform” rating, implying approximately 23.75% upside from the reported $171.31 share price.
• Analyst sentiment remains generally positive: T-Mobile has a consensus “Moderate Buy” rating and an average price target of $247.64, despite mixed individual ratings and target changes.
• T-Mobile’s latest quarterly results exceeded expectations on earnings, reporting $2.99 per share versus the $2.59 consensus estimate, while revenue increased 7.9% year over year to $22.79 billion.

T-Mobile US (NASDAQ:TMUS - Get Free Report) had its target price lowered by Scotiabank from $217.00 to $212.00 in a report released on Friday, Benzinga reports. The firm currently has a "sector outperform" rating on the Wireless communications provider's stock. Scotiabank's price objective would suggest a potential upside of 23.75% from the company's current price.

Several other brokerages have also weighed in on TMUS. Sanford C. Bernstein reiterated a "neutral" rating on shares of T-Mobile US in a research report on Monday, September 28th. Moffett Nathanson lifted their target price on T-Mobile US from $242.00 to $246.00 and gave the company a "buy" rating in a research report on Tuesday, September 22nd. Bank of America raised T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 price target on the stock in a research note on Monday, July 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of T-Mobile US in a report on Friday, September 11th. Finally, Benchmark cut their price objective on T-Mobile US from $295.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus target price of $247.64.

T-Mobile US Stock Up 2.2%

Shares of TMUS opened at $171.31 on Friday. The stock has a 50 day moving average price of $175.51 and a 200 day moving average price of $184.59. T-Mobile US has a one year low of $160.81 and a one year high of $231.02. 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 $183.76 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.05 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data 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 firm's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.84 EPS. Equities research analysts forecast that T-Mobile US will post 11.09 earnings per share for the current fiscal year.

Insider Activity at T-Mobile US

In related news, CAO Daniel James Drobac sold 772 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the sale, the chief accounting officer directly owned 35,118 shares in the company, valued at approximately $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.32% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TMUS. Legacy Wealth Asset Management LLC acquired a new position in T-Mobile US during the 3rd quarter worth approximately $759,000. Stableford Capital II LLC raised its holdings in shares of T-Mobile US by 2.5% in the 3rd quarter. Stableford Capital II LLC now owns 10,724 shares of the Wireless communications provider's stock valued at $1,749,000 after purchasing an additional 257 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of T-Mobile US by 0.5% in the 3rd quarter. GAMMA Investing LLC now owns 12,108 shares of the Wireless communications provider's stock valued at $1,975,000 after purchasing an additional 66 shares in the last quarter. Davis Capital Management lifted its position in shares of T-Mobile US by 80.9% during the 3rd quarter. Davis Capital Management now owns 3,350 shares of the Wireless communications provider's stock worth $546,000 after purchasing an additional 1,498 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of T-Mobile US by 27.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 24,469 shares of the Wireless communications provider's stock worth $3,990,000 after purchasing an additional 5,250 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

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.

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