Moffett Nathanson Cuts T-Mobile US (NASDAQ:TMUS) Price Target to $165.00

T-Mobile US (NASDAQ:TMUSGet Rating) had its price objective reduced by research analysts at Moffett Nathanson to $165.00 in a report issued on Wednesday, Stock Target Advisor reports. Moffett Nathanson’s price objective points to a potential upside of 25.55% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. Barclays set a $150.00 price objective on shares of T-Mobile US in a report on Thursday, February 3rd. Credit Suisse Group set a $188.00 price objective on shares of T-Mobile US in a report on Monday, April 11th. Citigroup increased their target price on shares of T-Mobile US from $155.00 to $156.00 and gave the company a “buy” rating in a report on Monday, March 14th. Royal Bank of Canada set a $152.00 target price on shares of T-Mobile US in a report on Wednesday, April 27th. Finally, Benchmark raised their price objective on shares of T-Mobile US from $200.00 to $205.00 in a report on Thursday, April 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $163.33.

Shares of NASDAQ:TMUS traded up $2.20 during trading on Wednesday, reaching $131.42. The stock had a trading volume of 118,569 shares, compared to its average volume of 5,463,381. The stock has a market cap of $164.18 billion, a price-to-earnings ratio of 58.54, a P/E/G ratio of 1.66 and a beta of 0.51. T-Mobile US has a 52 week low of $101.51 and a 52 week high of $150.20. The firm’s fifty day moving average is $128.53 and its 200 day moving average is $121.06. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.81.

T-Mobile US (NASDAQ:TMUSGet Rating) last issued its earnings results on Wednesday, April 27th. The Wireless communications provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.16. T-Mobile US had a net margin of 3.49% and a return on equity of 5.46%. The business had revenue of $20.12 billion for the quarter, compared to analyst estimates of $20.14 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. T-Mobile US’s revenue was up 1.8% on a year-over-year basis. On average, research analysts forecast that T-Mobile US will post 2.65 earnings per share for the current fiscal year.

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $121.99, for a total transaction of $2,439,800.00. Following the completion of the sale, the chief executive officer now owns 674,472 shares of the company’s stock, valued at approximately $82,278,839.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.69% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Glassman Wealth Services lifted its position in shares of T-Mobile US by 19.8% in the 1st quarter. Glassman Wealth Services now owns 479 shares of the Wireless communications provider’s stock worth $61,000 after purchasing an additional 79 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in shares of T-Mobile US by 4.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,086 shares of the Wireless communications provider’s stock worth $242,000 after acquiring an additional 80 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in shares of T-Mobile US by 48.5% in the 1st quarter. Koshinski Asset Management Inc. now owns 245 shares of the Wireless communications provider’s stock worth $31,000 after acquiring an additional 80 shares in the last quarter. Synovus Financial Corp increased its stake in shares of T-Mobile US by 2.0% in the 4th quarter. Synovus Financial Corp now owns 4,148 shares of the Wireless communications provider’s stock worth $477,000 after acquiring an additional 81 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of T-Mobile US by 17.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 564 shares of the Wireless communications provider’s stock worth $65,000 after acquiring an additional 85 shares in the last quarter. 45.24% of the stock is owned by hedge funds and other institutional investors.

About T-Mobile US (Get Rating)

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 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

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