T-Mobile US (NASDAQ:TMUS) Sets New 52-Week Low - What's Next?

Key Points

• T-Mobile US shares hit a new 52-week low, trading as low as $165.65, below their 50-day and 200-day moving averages of $181.48 and $189.85.
• Despite the decline, analysts maintain a “Moderate Buy” consensus with an average price target of $252.08, although several firms recently lowered their targets.
• The company exceeded quarterly EPS expectations with $2.99 versus $2.59 estimated, while revenue rose 7.9% year over year to $22.79 billion, slightly below consensus.

T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $165.65 and last traded at $165.4840, with a volume of 27563 shares changing hands. The stock had previously closed at $166.45.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TMUS shares. Scotiabank decreased their target price on T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating for the company in a research report on Wednesday, July 15th. Morgan Stanley dropped their price target on T-Mobile US from $260.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 7th. Barclays cut their price target on T-Mobile US from $230.00 to $215.00 and set an "overweight" rating for the company in a research note on Friday, July 24th. Royal Bank Of Canada decreased their price objective on T-Mobile US from $240.00 to $230.00 and set an "outperform" rating for the company in a report on Monday, July 20th. Finally, Wolfe Research restated a "peer perform" rating on shares of T-Mobile US in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.08.

T-Mobile US Stock Performance

The business has a 50 day moving average of $181.48 and a 200-day moving average of $189.85. The company has a market capitalization of $176.88 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 1.13 and a beta of 0.34. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter last year, the company earned $2.84 EPS. The firm's revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.82 EPS for the current fiscal year.

Insider Activity at T-Mobile US

In related news, CAO Daniel James Drobac sold 772 shares of the business'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 completion of the transaction, the chief accounting officer 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.32% of the company's stock.

Institutional Trading of T-Mobile US

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of T-Mobile US during the second quarter worth about $6,625,275,000. Norges Bank bought a new position in T-Mobile US in the fourth quarter valued at $1,335,918,000. Bank of New York Mellon Corp purchased a new position in shares of T-Mobile US during the 2nd quarter valued at about $839,194,000. Bank of America Corp DE purchased a new position in shares of T-Mobile US during the second quarter worth approximately $758,977,000. Finally, Legal & General Group Plc purchased a new position in T-Mobile US in the 2nd quarter worth $583,675,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

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. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.

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