Barclays Lowers T-Mobile US (NASDAQ:TMUS) Price Target to $240.00

Key Points

• Barclays has lowered its price target for T-Mobile US from $250.00 to $240.00 while maintaining an "overweight" rating, reflecting a potential upside of 10.30% from the current stock price.
• Analysts have varied opinions on T-Mobile, with ratings including two "strong buy," fourteen "buy," twelve "hold," and one "sell," resulting in a consensus rating of "Moderate Buy" and an average target price of $267.77.
• Recently, T-Mobile US shares opened at $217.59 and reported earnings of $2.41 per share for the last quarter, exceeding estimates of $2.40, with revenues for the quarter up 8.9% year-over-year.

T-Mobile US (NASDAQ:TMUS - Get Free Report) had its target price dropped by analysts at Barclays from $250.00 to $240.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm currently has an "overweight" rating on the Wireless communications provider's stock. Barclays's target price points to a potential upside of 10.30% from the company's current price.

TMUS has been the topic of a number of other research reports. Bank of America started coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 target price on the stock. Moffett Nathanson increased their target price on T-Mobile US from $210.00 to $230.00 and gave the company a "neutral" rating in a report on Thursday, October 2nd. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Rothschild Redb upgraded T-Mobile US to a "hold" rating in a report on Tuesday, September 30th. Finally, BNP Paribas Exane raised their price objective on T-Mobile US from $290.00 to $305.00 and gave the stock an "outperform" rating in a report on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $267.77.

T-Mobile US Stock Down 1.1%

Shares of NASDAQ TMUS opened at $217.59 on Friday. The stock has a market cap of $244.88 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.56 and a beta of 0.59. The business has a 50-day moving average price of $240.04 and a 200 day moving average price of $240.85. T-Mobile US has a 52-week low of $208.39 and a 52-week high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the prior year, the business posted $2.61 EPS. The company's revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts forecast that T-Mobile US will post 10.37 earnings per share for the current year.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $250.87, for a total value of $17,520,760.80. Following the transaction, the director directly owned 636,271,724 shares of the company's stock, valued at $159,621,487,399.88. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 2,389,677 shares of company stock valued at $575,795,321 over the last 90 days. Company insiders own 0.37% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. NorthCrest Asset Manangement LLC purchased a new stake in shares of T-Mobile US during the second quarter worth about $284,000. Crestwood Advisors Group LLC increased its position in shares of T-Mobile US by 79.5% during the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock worth $436,000 after acquiring an additional 724 shares during the last quarter. Berkshire Bank increased its position in shares of T-Mobile US by 12.5% during the second quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider's stock worth $3,000,000 after acquiring an additional 1,400 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock worth $1,837,399,000 after acquiring an additional 864,030 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of T-Mobile US by 19.9% during the second quarter. Nordea Investment Management AB now owns 1,904,969 shares of the Wireless communications provider's stock worth $450,887,000 after acquiring an additional 315,644 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.

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