T-Mobile US (NASDAQ:TMUS) Trading Down 4% - Time to Sell?

Key Points

• T-Mobile US shares fell roughly 4% to about $169.28, with trading volume substantially below the stock’s average daily volume.
• Analyst views remain broadly positive, with a “Moderate Buy” consensus and an average price target of $252.08, despite several firms recently lowering their targets.
• The company exceeded quarterly EPS expectations, reporting $2.99 versus the $2.59 consensus, while revenue rose 7.9% year over year but came in slightly below estimates.

T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report)'s share price traded down 4% during trading on Thursday . The stock traded as low as $170.15 and last traded at $169.2820. 2,164,016 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 5,539,699 shares. The stock had previously closed at $176.26.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating on the stock in a research note on Friday, July 24th. Morgan Stanley reduced their price objective on shares of 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. Benchmark lowered their target price on shares of T-Mobile US from $295.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Weiss Ratings restated a "hold (c)" rating on shares of T-Mobile US in a research report on Friday, September 11th. Finally, Bank of America raised shares of T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 target price for the company in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $252.08.

T-Mobile US Trading Down 4.6%

The company has a market cap of $180.29 billion, a PE ratio of 17.59, a P/E/G ratio of 1.16 and a beta of 0.34. The stock's 50 day moving average is $181.78 and its 200-day moving average is $190.21. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48.

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

Insider Buying and Selling

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the sale, the chief accounting officer directly owned 35,118 shares of the company's stock, valued at $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 SEC, which is available through this link. Corporate insiders own 0.32% of the company's stock.

Hedge Funds Weigh In On T-Mobile US

Several large investors have recently modified their holdings of TMUS. Anchor Investment Management LLC raised its holdings in T-Mobile US by 8.7% during the 2nd quarter. Anchor Investment Management LLC now owns 5,415 shares of the Wireless communications provider's stock valued at $908,000 after buying an additional 434 shares during the period. Talon Private Wealth LLC boosted its stake in shares of T-Mobile US by 45.3% during the 2nd quarter. Talon Private Wealth LLC now owns 12,563 shares of the Wireless communications provider's stock worth $2,107,000 after purchasing an additional 3,917 shares during the period. Sequoia Financial Advisors LLC grew its holdings in T-Mobile US by 21.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,454 shares of the Wireless communications provider's stock valued at $3,766,000 after purchasing an additional 3,916 shares during the last quarter. National Pension Service raised its position in T-Mobile US by 2.3% in the 2nd quarter. National Pension Service now owns 1,272,702 shares of the Wireless communications provider's stock worth $213,470,000 after purchasing an additional 28,413 shares during the period. Finally, Cidel Asset Management Inc. raised its position in T-Mobile US by 21.9% in the 2nd quarter. Cidel Asset Management Inc. now owns 3,875 shares of the Wireless communications provider's stock worth $650,000 after purchasing an additional 695 shares during the period. Institutional investors own 42.49% of the company's stock.

About T-Mobile US

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.

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.