T-Mobile US (NASDAQ:TMUS) Price Target Lowered to $263.00 at TD Cowen

Key Points

• TD Cowen has lowered its price target for T-Mobile US from $291.00 to $263.00, while maintaining a "buy" rating, indicating a potential upside of 20.87% from the current price.
• A consensus rating of "Moderate Buy" exists for T-Mobile US, with 3 analysts rating it as a Strong Buy, 14 as Buy, 12 as Hold, and 1 as Sell.
• T-Mobile's recent quarterly earnings exceeded expectations, reporting $2.41 EPS and $21.96 billion in revenue, marking an 8.9% increase year-over-year.

T-Mobile US (NASDAQ:TMUS - Get Free Report) had its price objective dropped by research analysts at TD Cowen from $291.00 to $263.00 in a report released on Friday,MarketScreener reports. The brokerage presently has a "buy" rating on the Wireless communications provider's stock. TD Cowen's price objective indicates a potential upside of 20.87% from the company's current price.

Several other brokerages have also issued reports on TMUS. Raymond James Financial upgraded shares of T-Mobile US to a "hold" rating in a research note on Wednesday, October 1st. Royal Bank Of Canada raised shares of T-Mobile US from a "sector perform" rating to an "outperform" rating and set a $270.00 price target on the stock in a report on Tuesday, October 14th. Benchmark raised their price objective 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. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a report on Monday, July 7th. Finally, Barclays lowered their target price on shares of T-Mobile US from $250.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $267.77.

T-Mobile US Stock Down 1.1%

Shares of NASDAQ TMUS opened at $217.59 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US has a 12 month low of $208.39 and a 12 month high of $276.49. The firm has a market capitalization of $244.88 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.56 and a beta of 0.59. The firm has a fifty day simple moving average of $240.04 and a two-hundred day simple moving average of $240.85.

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

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $250.87, for a total value of $17,520,760.80. Following the transaction, the director owned 636,271,724 shares in the company, valued at approximately $159,621,487,399.88. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 2,389,677 shares of company stock valued at $575,795,321. 0.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On T-Mobile US

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of T-Mobile US during the 2nd quarter worth $1,477,780,000. Nuveen LLC purchased a new stake in T-Mobile US in the 1st quarter valued at about $618,248,000. Marshall Wace LLP raised its holdings in T-Mobile US by 2,303.2% in the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider's stock valued at $428,174,000 after buying an additional 1,878,654 shares during the period. Viking Global Investors LP raised its holdings in T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider's stock valued at $677,925,000 after buying an additional 1,279,422 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in T-Mobile US by 518.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider's stock valued at $329,733,000 after acquiring an additional 1,160,275 shares in 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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