Morgan Stanley Cuts T-Mobile US (NASDAQ:TMUS) Price Target to $280.00

Key Points

• Morgan Stanley has reduced its price target for T-Mobile US from $285.00 to $280.00, indicating a potential upside of 28.68% from the previous close.
• In the latest research reports, several analysts are optimistic about T-Mobile US, with Goldman Sachs recommending a buy rating at a price target of $286.00, while Benchmark raised their target to $295.00.
• T-Mobile US reported $2.41 earnings per share for the recent quarter, surpassing analysts' estimates and showing an 8.9% increase in revenue year-over-year.

T-Mobile US (NASDAQ:TMUS - Get Free Report) had its target price cut by Morgan Stanley from $285.00 to $280.00 in a research report issued to clients and investors on Friday,MarketScreener reports. Morgan Stanley's price objective indicates a potential upside of 28.68% from the company's previous close.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group started coverage on shares of T-Mobile US in a report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 price target for the company. Benchmark raised their price target on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, October 10th. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target for the company in a report on Monday, July 7th. JPMorgan Chase & Co. raised their price target on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, September 30th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of T-Mobile US in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $267.77.

T-Mobile US Trading Down 1.1%

TMUS opened at $217.59 on Friday. The company's 50 day moving average is $240.04 and its 200-day moving average is $240.85. T-Mobile US has a 1-year low of $208.39 and a 1-year high of $276.49. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The company has a market cap of $244.88 billion, a P/E ratio of 20.50, a PEG ratio of 1.56 and a beta of 0.59.

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

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the business's stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the completion of the sale, the director owned 582,220,759 shares in the company, valued at approximately $131,680,869,063.03. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 2,389,677 shares of company stock worth $575,795,321. Insiders own 0.37% of the company's stock.

Institutional Trading of T-Mobile US

Hedge funds and other institutional investors have recently bought and sold shares of the business. Activest Wealth Management boosted its holdings in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 94 shares during the last quarter. Howard Hughes Medical Institute purchased a new position in T-Mobile US during the 2nd quarter worth $25,000. Missouri Trust & Investment Co boosted its holdings in T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 105 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 76 shares during the last quarter. Finally, Stone House Investment Management LLC purchased a new position in T-Mobile US during the 1st quarter worth $29,000. Institutional investors own 42.49% of the company's stock.

T-Mobile US Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.