T-Mobile US (NASDAQ:TMUS) Price Target Cut to $290.00 by Analysts at Wolfe Research

Key Points

• Wolfe Research has cut T-Mobile US's price target from $300.00 to $290.00, maintaining an "outperform" rating, suggesting a potential upside of 21.56% from the current price.
• Analysts have varied opinions on T-Mobile US, with some like Morgan Stanley raising their price targets, while others like KeyCorp maintain lower targets, indicating mixed sentiment among analysts.
• T-Mobile US reported better-than-expected earnings with $2.84 earnings per share for the last quarter, exceeding estimates and reflecting a 6.9% year-over-year revenue increase.

T-Mobile US (NASDAQ:TMUS - Get Free Report) had its target price cut by equities research analysts at Wolfe Research from $300.00 to $290.00 in a note issued to investors on Tuesday,MarketScreener reports. The brokerage currently has an "outperform" rating on the Wireless communications provider's stock. Wolfe Research's price target would suggest a potential upside of 21.56% from the company's current price.

TMUS has been the subject of a number of other research reports. Morgan Stanley lifted their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. KeyCorp reissued an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Bank of America initiated coverage on T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective for the company. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $260.39.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $238.57 on Tuesday. T-Mobile US has a 52 week low of $202.77 and a 52 week high of $276.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The company's 50 day moving average price is $245.07 and its two-hundred day moving average price is $244.63. The company has a market capitalization of $268.49 billion, a P/E ratio of 22.51, a price-to-earnings-growth ratio of 1.30 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter in the prior year, the company earned $2.49 EPS. The company's revenue was up 6.9% on a year-over-year basis. On average, analysts expect that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the company's stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $238.98, for a total transaction of $15,396,525.48. Following the completion of the transaction, the director directly owned 634,305,918 shares in the company, valued at approximately $151,586,428,283.64. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 2,525,632 shares of company stock worth $609,403,041 over the last quarter. Insiders own 0.37% of the company's stock.

Institutional Investors Weigh In On T-Mobile US

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in T-Mobile US by 0.5% in the second quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider's stock valued at $10,045,252,000 after acquiring an additional 215,711 shares during the last quarter. State Street Corp lifted its position in shares of T-Mobile US by 4.5% in the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider's stock worth $5,513,650,000 after purchasing an additional 994,740 shares during the period. Wellington Management Group LLP boosted its stake in shares of T-Mobile US by 1.7% in the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock valued at $3,426,407,000 after purchasing an additional 214,224 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 buying an additional 864,030 shares during the period. Finally, Franklin Resources Inc. raised its stake in T-Mobile US by 5.2% during the second quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider's stock worth $1,500,784,000 after buying an additional 309,922 shares during the last quarter. Institutional investors and hedge funds 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.

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