T-Mobile US (NASDAQ:TMUS) Given New $240.00 Price Target at KeyCorp

Key Points

• KeyCorp lowered its T-Mobile US price target to $240 from $250 while maintaining an “overweight” rating, implying approximately 60.5% upside from the reported $149.52 share price.
• Analyst sentiment remains favorable: T-Mobile has a consensus “Moderate Buy” rating and an average price target of $241.79, with 21 Buy ratings, one Strong Buy and six Holds.
• Quarterly results exceeded expectations: adjusted EPS came in at $3.22 versus the $2.89 consensus, while revenue rose 7.4% year over year to $23.58 billion.

T-Mobile US (NASDAQ:TMUS - Get Free Report) had its price target lowered by stock analysts at KeyCorp from $250.00 to $240.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an "overweight" rating on the Wireless communications provider's stock. KeyCorp's price objective suggests a potential upside of 60.52% from the stock's current price.

A number of other analysts have also recently commented on TMUS. Moffett Nathanson lifted their target price on T-Mobile US from $242.00 to $246.00 and gave the stock a "buy" rating in a research report on Tuesday, September 22nd. Weiss Ratings restated a "hold (c)" rating on shares of T-Mobile US in a research note on Friday, September 11th. TD Cowen cut their price target on T-Mobile US from $261.00 to $260.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Scotiabank decreased their price objective on T-Mobile US from $217.00 to $212.00 and set a "sector outperform" rating for the company in a report on Friday, October 9th. Finally, The Goldman Sachs Group cut 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, September 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $241.79.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $149.52 on Thursday. T-Mobile US has a one year low of $143.75 and a one year high of $224.75. The stock has a market cap of $160.38 billion, a PE ratio of 15.59, a P/E/G ratio of 0.91 and a beta of 0.33. 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 50 day moving average price of $168.32 and a 200 day moving average price of $187.39.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share for the quarter, beating 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 firm had revenue of $23.58 billion for the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter in the previous year, the company posted $2.41 EPS. The company's revenue was up 7.4% compared to the same quarter last year. Equities research analysts expect that T-Mobile US will post 11.17 EPS for the current fiscal year.

Insider Transactions at T-Mobile US

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the business's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the transaction, the chief accounting officer directly 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 can be accessed through the SEC website. Corporate insiders own 0.32% of the company's stock.

Institutional Trading of T-Mobile US

Hedge funds and other institutional investors have recently made changes to their positions in the company. Main Street Group LTD purchased a new position in shares of T-Mobile US during the 1st quarter valued at approximately $25,000. Paladin Partners LLC acquired a new stake in shares of T-Mobile US during the second quarter worth approximately $25,000. Dunhill Financial LLC bought a new stake in shares of T-Mobile US in the second quarter worth $27,000. Highland Investment Advisors LLC bought a new stake in shares of T-Mobile US in the second quarter worth $30,000. Finally, Sachetta LLC raised its holdings in T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider's stock valued at $33,000 after acquiring an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Key T-Mobile US News

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 estimate, while revenue rose 7.4% year over year to $23.58 billion, above forecasts. Net income reportedly increased 27%, helped by postpaid customer growth and higher-value plan adoption. T-Mobile US Q3 earnings report
• Positive Sentiment: Premium plans are lifting profitability. Management highlighted stronger average revenue per account, increased premium-plan adoption and industry-leading service-revenue growth. The company also raised its annual free-cash-flow forecast and maintained an optimistic full-year outlook, supporting the investment case and potential shareholder returns. Reuters article on T-Mobile free cash flow
• Positive Sentiment: Customer offers appear to be resonating. T-Mobile added more customer accounts than analysts expected and launched customizable T-Mix plans, allowing subscribers to select benefits such as streaming and gaming services. The strategy could improve retention and support additional revenue growth. TheStreet article on T-Mix plans
• Neutral Sentiment: SpaceX partnership talks were rejected. T-Mobile’s CEO said there is “no room” for an MVNO or broader SpaceX deal. Avoiding a potentially costly arrangement may benefit margins, but the comments also focus attention on whether SpaceX could eventually build a competing terrestrial wireless network. Mobile World Live article on SpaceX talks
• Negative Sentiment: Some guidance details remain less favorable. Full-year postpaid net-account additions are expected near the midpoint of prior guidance, while the company narrowed its profit forecast. Separately, reports that Deutsche Telekom has slowed plans for a major T-Mobile merger add uncertainty around future corporate strategy. Wall Street Journal article on T-Mobile earnings

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.