T-Mobile US (NASDAQ:TMUS) Earns "Underweight" Rating from KeyCorp

T-Mobile US (NASDAQ:TMUS - Get Free Report)'s stock had its "underweight" rating reissued by equities researchers at KeyCorp in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. They currently have a $200.00 price target on the Wireless communications provider's stock. KeyCorp's price target points to a potential downside of 13.91% from the company's current price.

Several other analysts have also recently issued reports on the company. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Benchmark reissued a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. Citigroup lowered shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective for the company. in a report on Friday, March 14th. JPMorgan Chase & Co. raised their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Finally, Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a report on Monday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $252.61.

T-Mobile US Price Performance

Shares of TMUS stock traded down $3.66 on Wednesday, reaching $232.31. The company's stock had a trading volume of 3,938,124 shares, compared to its average volume of 4,096,704. The company has a market capitalization of $263.78 billion, a P/E ratio of 22.66, a PEG ratio of 1.10 and a beta of 0.62. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. T-Mobile US has a 12-month low of $173.74 and a 12-month high of $276.49. The stock's 50 day simple moving average is $238.54 and its 200-day simple moving average is $243.53.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The firm had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. During the same period last year, the firm earned $2.00 earnings per share. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities analysts predict that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the sale, the director directly owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 698,400 shares of company stock valued at $161,083,166 in the last three months. 0.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of T-Mobile US by 1.7% during the first quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock worth $3,426,407,000 after buying an additional 214,224 shares during the period. Geode Capital Management LLC lifted its stake in shares of T-Mobile US by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock worth $2,610,542,000 after buying an additional 90,755 shares during the period. Invesco Ltd. lifted its stake in shares of T-Mobile US by 4.6% during the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after buying an additional 384,956 shares during the period. Norges Bank purchased a new position in shares of T-Mobile US during the fourth quarter worth $1,802,393,000. Finally, Canada Pension Plan Investment Board raised its holdings 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 purchasing an additional 864,030 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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.